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  1. GFCF Outlook

    The rise in economic freedom in South Africa since 1994 has meant that after tax income now averages R24 490 per person (excluding inflation), compared to 1994’s R17 320.
  2. GFCF Outlook

    GFCF Outlook Infrastructure outlook: noticeable service delivery has occurred but greater private sector involvement is needed with reduced state control Read more
  3. Retail Update

    Retail Update Slower sales growth over the Christmas month Read more Rebound in Retail Sales Growth in November to 3.4% y/y Read more Dismal Sales Growth
  4. Good retail sales growth does not argue for a rate cut

  5. Good retail sales growth does not argue for a rate cut

    While the relationship between it and retail sales is not perfect, it indicated a likely rebound for August. June’s retail sales growth outcome (of 8.6% y/y) was above that indicated likely by the SACCI index for that month, and July’s 2.
  6. Retail Update

    Retail sales growth came out at 2.3% y/y in December, down from November’s revised 3.6% y/y. While this outcome is better than the Bloomberg consensus of 1.
  7. Infrastructure outlook: noticeable service delivery has occurred but greater private sector involvement is needed with reduced state control

    The rise in economic freedom in South Africa since 1994 has meant that after tax income now averages R24 490 per person (excluding inflation), compared to 1994’s R17 320.
  8. Dismal Sales Growth of 1.0% y/y in October as Strike Action and Rising Inflation Take Effect

  9. Infrastructure outlook: noticeable service delivery has occurred but greater private sector involvement is needed with reduced state control

  10. Dismal Sales Growth of 1.0% y/y in October as Strike Action and Rising Inflation Take Effect

    While the relationship between it and retail sales is not perfect, it indicated a definite moderation in retail sales growth in October, albeit a smaller one than that which occurred.