News flash Transitory: Inflation or growth or both?

Transitory: Inflation or growth or both?

The market is closely watching US inflation, which was in line with July expectations after dramatically exceeding them in June. For much of the year, investors have been concerned that inflation, which is generally linked to growth, could spike – leading to a drastic, market-shaking change in monetary policy and that the US Federal Reserve…

News flash Aiming for the sky and Ramaphosa's cabinet reshuffle

Aiming for the sky

This week’s edition focuses on the global airline industry, as its operational status serves as a primary indicator of whether the global economy is truly open, or not. On the home front, the major development was President Ramaphosa’s announcement last night of a Cabinet reshuffle. Our analysis is summarised in terms of positives and negatives…

News flash SA Inc burns

SA Inc burns

As predicted at the beginning of July, former President Jacob Zuma’s incarceration has unleashed waves of violence that have contributed to government uncertainty and policy volatility. It is no exaggeration to describe all of this as an insurrection – an attempt to create chaos to achieve political purposes, namely the early release of Zuma and…

News flash President to prisoner

President to prisoner

The biggest news of the week for our South African clients was undoubtedly the fact that the country’s former President, Jacob Zuma, handed himself over to police to begin his 15-month incarceration for contempt of court just before midnight on Wednesday, 7 July. Zuma, who was found guilty of contempt of court for refusing to…

News flash Recovery of US economy and what this means

Recovery of US economy and what this means

Powered by consumers with extra savings, businesses eager to hire and enormous policy support, the United States’ current economic recovery is billed as being “unlike any in recent history”. According to the  Wall Street Journal, businesses and workers are expected to emerge from the downturn with far less permanent damage than occurred after recent recessions,…

News flash News Flash - Housing bubbles

News Flash – Housing bubbles

According to new research from Bloomberg Economics, a housing bubble is starting to form in many countries worldwide as they ease themselves out of the Covid-19 crisis. The research indicates that New Zealand, Canada and Sweden are the frothiest housing markets, with the UK and the US also ranking high in risk. Bloomberg Economics uses a…