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May 2022

The Rand Is Undervalued Right Now – Here’s Where It Is Heading For The Rest Of The Year

31 May 2022 – Global financial conditions are likely to become less supportive of the rand despite data showing the local currency is already undervalued, say economists at Nedbank. In a research note published on Friday (27 May), the bank noted that the US Federal Reserves’ move to increase interest rates at pace will likely […]

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South African Terms Of Trade Boon Provides Unique Opportunity For The Economy

27 May 2022 – South Africa is currently enjoying a terms of trade boon, with export prices outpacing import prices, market research firm Intellidex director and capital markets research head Peter Attard Montalto said on May 25. “It’s an unusual situation, driven by metals prices and helped by the fact that South Africa is a net exporter of food at the moment. We’re

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Farmers To Be Affected By Latest Interest Rate Increase Announcement

25 May 2022 – While there is still a positive outlook for South Africa’s agriculture sector, the increase in the South African Reserve Bank’ (SARB) repurchase rate (repo rate), will increase farmers’ debt servicing costs, and will consequently erode profit margins. This was according to Paul Makube, senior agricultural economist at FNB Agri-Business. Lesetja Kganyago,

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S&P Raises SA’s Outlook To ‘Positive’ On Trade Terms, Fiscal Discipline

23 May 2022 – Ratings agency S&P revised South Africa’s outlook to “positive” on Friday, saying it reflects favourable terms of trade and a path toward contained fiscal expenditure for the country. S&P upgraded its outlook from “stable” and affirmed the “BB-/B” foreign currency as well as “BB/B” local currency ratings on South Africa. “Recent

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