Last Chance for MPC Action

South Africa’s structural inflation problem is about to rear its head once more. The benign level of SA inflation in recent years has been aided by the Rand, which has strengthened significantly since early 2009, depressing goods inflation and therefore the headline number. Over the course of the current year inflation has moved strongly upward. [...]

2017-10-17T17:06:10+00:00November 7th, 2011|

South Africa, the IMF and European bailouts

"I would not join any club that would have someone like me for a member." -- Groucho Marx Earlier this year, emerging markets reacted with giddy excitement at the prospect of being given greater representation and voting rights at the IMF. Several, including South Africa, put forward their own candidates to head the IMF after [...]

2017-10-17T17:10:19+00:00September 29th, 2011|

South Africa Stocks Significantly Overvalued

Bloomberg - 25 March 2011 Robert Brand and Mike Cohen ...Aeon Investment Management considers South African stocks as fairly value, chief investment officer Asief Mohamed said. Its recommended shares include Anglo American, Impala, MTN, AngloGold Ashanti Ltd., Africa’s largest gold producer, and Capitec Bank Holdings Ltd., a provider of loans not backed by assets. The [...]

2017-10-17T16:39:11+00:00March 25th, 2011|