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Rand hits lowest level of the year
January 30, 2020--The Rand had a rocky showing against the dollar on Thursday, trading at R14.73 to the greenback by 17:30 on Thursday afternoon, its lowest point for the year so far.
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Source: FIN24
IMF Staff Country Report-South Africa: Selected Issues
January 30, 2020--THE GROWTH-INFLATION TRADEOFF OF MONETARY POLICY IN SOUTH AFRICA1
The combination of low growth and stubbornly high inflation expectations for a protracted period has
complicated monetary policy decisions. Staff analysis contributes to the ongoing growth-inflation
tradeoff discussion in South Africa, concluding that there is limited growth tradeoff of monetary policy
efforts to anchor inflation expectations at a lower level at present.
A. Introduction
Growth and Inflation
1. Economic growth declined in South Africa and started to undershoot its peers in the past decade, highlighting the role of unaddressed structural constraints. As discussed in Annex I, South Africa's macroeconomic performance appears to have witnessed an important inflection point between the 2000s and the 2010s, which broadly coincides with the global financial crisis in 2008-09. Real GDP growth (year on year) halved after the Global Financial Crisis, from 4.3 percent during 2000-07 to 2 percent during 2010-17 and eked out just 0.8 percent in 2018. Monetary and
fiscal policies have lent significant growth support, but structural rigidities have kept business
confidence low, depressing private investment and growth. Demand for credit has weakened, while
banks have refrained from expanding loans, in the low growth environment.
view the IMF Staff Country Report-South Africa: Selected Issues
Source: IMF
Relief as JSE surges
January 29, 2020--The JSE has surged as global markets rebounded on the back of good corporate earnings releases from US and European stocks.
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Source: FIN24
JSE slips to erase initial gains
January 28, 2020--The JSE failed to hold on to earlier gains as it slipped in the Tuesday afternoon session to end the day weaker.
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Source: FIN24
Small breather for stocks
January 24, 2020--Local stocks edged higher on Friday in tandem with other global markets which rebounded as concerns over a deadly virus in China took lesser priority.
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Source: FIN24
JSE weaker after erasing earlier gains
January 22, 2020--The local bourse has lost ground towards the close on Wednesday eventually erasing all its earlier gains.
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Source: FIN24
Weaker close for the JSE after muted session
January 20, 2020--The JSE closed softer on Monday following a relatively muted session in which the local bourse couldn't gain significant momentum.
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Source: FIN24
Weaker close for the JSE after muted session
January 20, 2020--The JSE closed softer on Monday following a relatively muted session in which the local bourse couldn't gain significant momentum.
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Source: FIN24
SA supply constraints drive palladium above $2 500 an ounce
January 18, 2020--The metal rallied to post its best week since 2001 and shows little sign of slowing down.
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Source: FIN24
JSE surges along with global markets
January 17, 2020--The JSE surged on Friday in line with other global markets which were buoyed by easing trade tensions and good corporate earnings
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Source: FIN24
