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News
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Asian stocks shaky, Nikkei still seen vulnerable
Source: Reuters
Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger rout.
24 May 2013
MPC keeps repo rate unchanged at 5%
Source: BER
As expected, the monetary policy committee (MPC) of the SA Reserve Bank (SARB) kept the repo rate unchanged at 5% following its latest meeting.23 May 2013
Wall Street rises as concern eases
Source: Business Report
US stocks rose on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank needed to see further signs of traction in the economy before it tapered its stimulus efforts.
23 May 2013
CPI inflation remains at 5.9% in April
Source: Business Day
INFLATION was higher than expected last month, adding to concern that the rand’s steep slide in the past week will raise price pressures and quash any chances of interest rate cuts in the months ahead.
23 May 2013
Labour unrest puts jobs at risk - Gordhan
Source: Business Report
South Africa is at a crossroads over renewed labour unrest in the mining sector, Finance Minister Pravin Gordhan warned on Tuesday.22 May 2013
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| FNB Civil |
The FNB/BER civil confidence index jumped from 36 to 51 points in 2013Q1, the highest reading in 4 years. The jump in confidence was largely as a result of restored profitability, while the growth in construction activity remained subdued. |
| Kagiso PMI |
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 1.2 points to 50.5 in April, to move back above the key 50 point mark. The index declined to 49.3 points in March, following the robust gains achieved in February. The two largest weighted subcomponents of the PMI, i.e. business activity and new sales orders, mainly accounted for the headline PMI improvement in April. |
| RMB/BER BCI |
The RMB/BER BCI rose from 46 to 52. Business confidence rose in four of the five sectors during the quarter. Retail was the only sector that showed a deterioration. The rise in the RMB/BER BCI and the underlying business activity bodes well for economic growth in the first quarter. |
| FNB/BER CCI |
The FNB/BER Consumer Confidence Index (CCI) declined from -3 index points in 2012Q4 to a 9-year low of -7 in 2013Q1. Consumers’ rating of the outlook for the national economy, their own financial prospects and the appropriateness of the present time to buy durable goods all deteriorated notably during 2013Q1. Combined with a slowdown in household income growth and credit extension, low consumer confidence levels foreshadow subdued growth in household consumption expenditure during the first half of 2013. |
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Latest Forecasts
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BER Conference
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The BER will host a conference in Johannesburg on 6 June. For more details, click here
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Top 5 Pages
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Top Downloads
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BER press release
Apr 3 2013
The RMB/BER BCI rose from 46 to 52. Business confidence rose in four of the five sectors during the ...more
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Economic Snapshot
Apr 4 2013
A concise monthly document that provides a graphical overview of recent SA economic developments. ...more
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BER press release
Apr 9 2013
The FNB/BER Consumer Confidence Index (CCI) declined from -3 index points in 2012Q4 to -7 in ...more
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BER press release
Apr 16 2013
The FNB/BER building confidence index rose by 5 index points from 32 to 37 in 2013Q1. The rise in ...more
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Economic Snapshot
May 6 2013
A concise monthly document that provides a graphical overview of recent SA economic developments. ...more
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