2025 Budget 3.0 Review
Key points National Treasury’s third 2025/26 budget attempt dropped the contentious VAT increase after widespread [...]
ZAR sentiment bolstered on GNU and inflation expectations
Key points What started as a consolidative week for the ZAR ahead of this week’s [...]
Despite global uncertainty, ZAR holds its own
Key points: President Trump’s tariff stance threw global policy into disarray. The threat of counter-tariffs [...]
Soft inflation environment will support ZAR
Key points: This week’s inflation data may seem unrelated to the performance of the ZAR, [...]
GNU stress has impacted heavily on sentiment
Key points The formation of the GNU significantly improved sentiment in South Africa, as evidenced [...]
Gold not what it was, but still helps ZAR
Key points: SA might still be classified as a commodity economy, but commodities, specifically gold, [...]
What could spark a US recession?
What could spark a US recession, and how would South Africa cope in a global [...]
2025 Budget First Take
Key points After a failed first attempt at presenting the 2025/26 budget, the revisions tabled [...]
Global Market Update March 2025
Liquidity Tightening and the Federal Reserve Outlook Liquidity conditions in the U.S. financial system continued [...]