Why Kganyago can – and must – cut rates
Lesetja Kganyago has been slow to cut interest rates. But with growth weak and South Africans battling, now is the time to be brave…
Suggestions
Coulda, shoulda, didn’t …
With ‘Trumpflation’ looming, South Africa’s Reserve Bank has again kept rates on hold – even as cuts are long overdue, say critics…
Is the ‘US exceptionalism’ trade over?
The US market has fallen out of bed with a thud thanks to Trump’s on-off tariffs. Is now the time to switch out of…
US interest rates: What the charts say
If a key US indicator is to be believed, expectations are on the rise that interest rates could be edging higher…
The SARB’s schizophrenic policy guidance
To avoid unnecessary market volatility, the monetary policy committee needs to improve how it communicates its judgments and policy preferences.…
The SARB’s Trump headache
Donald Trump’s ‘America First’ policies threaten to stoke inflation worldwide. Investors and households better brace for fewer interest rate cuts…
Why Kganyago’s stingy rate cut was exactly right
The Reserve Bank’s hammer may be a blunt tool, but it’s the wiser move.…
The diary of a wimpy governor
The South African Reserve Bank’s monetary policy committee (MPC) cut interest rates by 25 basis points (bp) yesterday, inviting an unusual question: what is…
Why inflation stays high: Politicians can’t grasp economic realities
The late Tito Mboweni, followed by Gill Marcus and now Lesetja Kganyago, all had one key instruction from the government: tackle inflation. And all…
How high will gold go?
Gold has two qualities that make it different from copper, iron ore and lithium. The first is that it’s rustless. It doesn’t degrade over…
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Spar should not be listed on the JSE
Spar is its network of independent retailers. But their rights…
Carpe per diem: how Brics has lost its clout
The gathering of the Brics foreign ministers in New Delhi…
Real Politics: why the ANC can’t afford to lose Ramaphosa
The NEC has closed ranks behind Ramaphosa after the Phala…
The legal problem with Treasury’s new capital controls
New exchange control proposals depend heavily on discretionary approvals and…
