FNB Economics Weekly
This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.
Highlights
All local economic news out this week has been overshadowed by Britain’s decision to leave the European Union (EU). While immediate risks stem from global financial market fallout (currency and equities in particular), the longer term implications of broader EU dissolution are the primary concern.
Separatists, nationalists and right leaning politicians will have been emboldened by the Brexit vote and there is already speculation that more countries may hold similar referendums.
As far as the domestic economy is concerned, one immediate benefit for South Africa is that the Brexit vote will almost certainly push out further Fed hikes, although the rand weakness it precipitated (and inflation risks) doesn't necessarily mean the SARB will have the same luxury.
The Week Ahead
Next week is largely quiet on the domestic data front with mostly second and third tier data being released. Monday will see figures on liquidations and insolvencies, Tuesday, Quarterly Employment Statistics, building plans passed on Wednesday and the producer price index (PPI) on Thursday.
Most of the market focus is expected to centre around the potential impact of Britain’s impending exit from the European Union. We expect there to be an improvement in the employment figures, driven by government hiring in the run up to the local government elections. Business confidence and private sector investment remains dangerously weak and its difficult to see any impetus from the private sector.
The recent softening in the CPI number suggests that the PPI which precedes consumer inflation moves could continue to moderate, albeit modestly.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
