Bond returns look bright Despite the elevated domestic and international risks to the local market outlook, we believe there is value in...

March was characterised by small and large bank failures in the US and Europe, contributing to volatility in financial markets, but...

In the first two months of 2023, the global economy has reaccelerated which has been consistent with our view that in the short term the...

The global economy has – up to now – stood up well to what would have been warranted by the strong increases in interest rates instituted...

Overview If trends in January are to be a marker for what to expect in 2023, then we need to brace ourselves for positives and some...

If trends in January are to be a marker for what to expect in 2023, then we need to brace ourselves for positives and some negatives....

This political research note was prepared by JP Landman in his personal capacity. Why is electricity a game-changer? Antonio Gramsci had...

The petrol price increased by 59c/l to end 2022 at R23.16/l. The petrol price increased by R8.47/l or 57.7% from January 2021 to December...

January The JSE ALSI starts the year at 73 709.4 points and the yield on the 10-year bond at 9.35%. The South African Reserve Bank (SARB)...

Abounding signals and indicators of weakening economies and lower consumer price inflation (CPI) are appearing, while supply chain...

Summary of views Growth: We expect South Africa’s (SA’s) GDP to grow at 1,8% yoy in 2022 and at 1,5% yoy in 2023. Risks to growth in 2023...

Supply shortages are causing broad based increases in world consumer price inflation (CPI), preventing it to slow at a faster pace....

Summary of views Our growth signals are unchanged; they still suggest weaker growth into 1Q23. Specifically, our US recession model...

Large parts of the world economy are due to enter recessionary territory in the fourth quarter of 2022. Uncertainty, however, remains on...

Summary of views Growth: We see downside risks to growth in SA relative to our forecast, prompted by higher energy prices, excessive load...

An expanded world economic downturn - caused by politically driven supply disruptions and aggravated by interest rate increases - is very...

Summary of views Growth: We see downside risks to growth in SA relative to our forecast, prompted by higher energy prices, excessive load...

Economic growth will be the victim of aggressive interest rate increases across the globe as central banks upped their efforts to contain...

Summary of views Growth: We see downside risks to growth in SA relative to our forecast, prompted by higher energy prices, excessive load...

Although warning signs are emerging, the US is not in an economic recession. Fast rising interest rates coupled with no or little bond...