BER Weekly
BER Weekly, 29 November 2021
Last updated: Nov 29 2021 8:49AM
COVID-19 returned to dominate domestic news last week. The SA tourism sector was dealt a heavy blow on Thursday after it was announced that a new COVID-19 variant (named Omicron) was identified locally. The discovery of the new variant caused immediate panic
read moreCOVID-19 returned to dominate domestic news last week. The SA tourism sector was dealt a heavy blow on Thursday after it was announced that a new COVID-19 variant (named Omicron) was identified locally. The discovery of the new variant caused immediate panic across the globe, with numerous countries responding swiftly, and rashly, by imposing SA travel bans.
BER Weekly, 22 November 2021
Last updated: Nov 22 2021 8:05AM
The SA Reserve Bank’s final interest rate meeting of the year was the key event on the local calendar last week. Other noteworthy, and concerning, domestic developments were strong indications of sabotage at one of Eskom’s better performing coal-fired power
read moreThe SA Reserve Bank’s final interest rate meeting of the year was the key event on the local calendar last week. Other noteworthy, and concerning, domestic developments were strong indications of sabotage at one of Eskom’s better performing coal-fired power stations and an uptick in new domestic COVID-19 cases. Globally, the escalating COVID-19 fourth wave in many parts of Europe and the continued shift in expectations for the first US policy interest rate hike were in focus.
BER Weekly, 15 November 2021
Last updated: Nov 15 2021 6:09AM
Domestic financial markets were caught between positive sentiment stemming from the commitment to fiscal consolidation outlined in the MTBPS and ongoing global inflation concerns as US CPI inflation jumped to a 30-year high.
read moreDomestic financial markets were caught between positive sentiment stemming from the commitment to fiscal consolidation outlined in the MTBPS and ongoing global inflation concerns as US CPI inflation jumped to a 30-year high.
BER Weekly, 8 November 2021
Last updated: Nov 8 2021 6:09AM
The domestic focus last week was very much on the outcome of the municipal election, which was dominated by a record low voter turnout and further electoral losses for the ANC. The upcoming week is set to be dominated by load-shedding, the fiscal policy
read moreThe domestic focus last week was very much on the outcome of the municipal election, which was dominated by a record low voter turnout and further electoral losses for the ANC. The upcoming week is set to be dominated by load-shedding, the fiscal policy update in the MTBPS, post-election coalition talks and mining/manufacturing output data for September.
BER Weekly, 29 October 2021
Last updated: Oct 29 2021 1:31PM
The lead-up to the municipal election on Monday was dominated by intensified load-shedding this week. Several Eskom generation units broke down, necessitating stage 4 power-rationing for part of the week. From a data perspective, spurred on by high commodity
read moreThe lead-up to the municipal election on Monday was dominated by intensified load-shedding this week. Several Eskom generation units broke down, necessitating stage 4 power-rationing for part of the week. From a data perspective, spurred on by high commodity prices and shipping costs, domestic producer inflation accelerated above consensus. In terms of international data, the US economy expanded at a slower-than-expected pace in 2021Q3. Eurozone GDP performed much better.
BER Weekly, 25 October 2021
Last updated: Oct 25 2021 8:20AM
Last week financial market focus remained on global central bank communication and policy action, of which there was a fair amount.
BER Weekly, 18 October 2021
Last updated: Oct 18 2021 8:15AM
The high-frequency SA activity data for August released last week indicated that activity bounced back from the sharp declines in July. However, on balance, the pace of the August recovery was on the disappointing side. This supports our view that overall GDP
read moreThe high-frequency SA activity data for August released last week indicated that activity bounced back from the sharp declines in July. However, on balance, the pace of the August recovery was on the disappointing side. This supports our view that overall GDP likely contracted in 2021Q3. On the global front, inflation dynamics were again in focus with the release of September US inflation data.
BER Weekly, 11 October 2021
Last updated: Oct 11 2021 7:46AM
Amid a dearth of data releases last week, the SA Reserve Bank’s latest Monetary Policy Review attracted some attention, especially given its relatively hawkish tone. Globally, the focus was on surging gas prices in parts of the world, as well as a
read moreAmid a dearth of data releases last week, the SA Reserve Bank’s latest Monetary Policy Review attracted some attention, especially given its relatively hawkish tone. Globally, the focus was on surging gas prices in parts of the world, as well as a disappointing US jobs report for September.
BER Weekly, 4 October 2021
Last updated: Oct 4 2021 8:05AM
Broadly, the domestic data releases were upbeat last week. However, there continues to be warning lights on the performance of exports in the third quarter. Internationally, inflation remained a key focus.
read moreBroadly, the domestic data releases were upbeat last week. However, there continues to be warning lights on the performance of exports in the third quarter. Internationally, inflation remained a key focus.
BER Weekly, 27 September 2021
Last updated: Sep 27 2021 8:25AM
Besides the escalating woes at leading Chinese property group Evergrande, global and domestic financial markets were focused on a slew of central bank policy meetings last week.