Evan Pickworth

Manuel mulls switch to CPI targeting

The <i>Financial Mail</i> reported on Thursday that South Africa could switch to targeting CPI and not CPIX inflation.

All eyes on key MPC rates meeting

The South African Reserve Bank monetary policy committee's rates meeting started on Wednesday morning.

A good compromise for the rand

It is "not bad" if the rand stays around current levels rather than heading to R8 to the dollar, says a senior derivatives dealer.

Lehman Brothers says Mboweni speech mildly hawkish

Global analysts Lehman Brothers said on Wednesday that they viewed central bank governor Tito Mboweni's speech on Tuesday as "mildly hawkish".

Manuel: There is ‘fire in the belly’ to build SA

Finance Minister Trevor Manuel said on Wednesday that there is a responsibility by all of those of his era to construct a deep democracy in SA.

Manuel convenes meeting with Cosatu

Finance Minister Trevor Manuel convened a meeting on Thursday between the Treasury and Cosatu in an attempt to resolve numerous challenges.

OECD report frankly assesses SA’s problems

The Organisation for Economic Cooperation and Development on Tuesday released a key report on the economic status of South Africa.

Chance of a 100-basis-point rate hike in June?

Global analysts Lehman Brothers wondered out loud on Friday morning whether some notably hawkish statements by Reserve Bank Governor Tito Mboweni on Thursday might be a signal that a rate hike of 100 basis points could be on the cards come June 12.

JSE: Sasol gains as volatility rules roost

South African stocks were mixed in early afternoon trade on Wednesday due to volatility, but the feature of the morning session was a strong gain by synthetic fuel producer Sasol. At 12.25pm, the JSE's broader all-share index was up 0,09%, with the industrial index up 0,88%, but resources were down 0,38%.

Reserve Bank committee starts meeting on rates

One of the most decisive rates meetings yet of the South African Reserve Bank's monetary policy committee (MPC) began on Wednesday morning with "no hitches", according to a bank spokesperson. The meeting will end after lunchtime on Thursday, with the final decision announced live to the public just after 3pm.

IMF: Subprime spillover could test emerging markets

While emerging markets have been resilient so far to global market subprime turmoil, global spillovers could test their resilience, said the International Monetary Fund's (IMF) director of monetary and capital markets, Jaime Caruana, on Tuesday at the launch of the IMF's latest <i>Global Financial Stability Report</i>.

Interest-rate hike now looms, say analysts

A senior bond-portfolio manager and an emerging-markets analyst from Lehman Brothers both uttered the same dreaded word soon after reading what Tito Mboweni had said in Parliament on Wednesday: hawkish. In fact, Lehman Brothers now predicts a 50-basis-point increase in the repo rate on April 10 to 11,5%.

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