Brian Kantor: SA monetary (inflation) policy – bad theory put into practice
Last week, the SARB decided to hike interest rates by 25 basis points. It was a decision that left a bad taste in well-known economist Brian Kantor’s mouth.
Last week, the SARB decided to hike interest rates by 25 basis points. It was a decision that left a bad taste in well-known economist Brian Kantor’s mouth.
Commodity currencies including the Australian dollar, South Africa’s rand and the Brazilian real are surging as traders focus on the potential for a gradual cycle of US interest-rate hikes.
The South African Reserve Bank opted to hike the Repo rate by 25bps to 6.25% at its MPC meeting today. Here is Stanlib economist’s Kevin Lings analysis of the decision.
Cannon Asset Manager’s Samantha Pauwells looks at the construction sector’s Big Five, which have lost 79% in value, a total loss of R60bn in shareholder wealth since 2007.
South African Airways appointed Musa Zwane as the state-owned carrier’s seventh acting or permanent chief executive officer in less than four years.
Given the muted market reaction to a potential US interest rate hike, Brian Kantor is calling on the SA Reserve Bank to do as the markets have, remain composed.
On current projections, Dwaine van Vuuren says the Rand could hit 18.50 against the US dollar by the end of Zuma’s second term in 2018. The worst rout a president has experienced since PW Botha in 1984.
South Africa’s water shortage is not simply the result of the current drought, it is an induced one, says water expert Dr Anthony Turton.
MTN CEO Sifiso Dabengwa has resigned with immediate effect and Phuthuma Nhleko has been appointed as executive chairperson in a temporary capacity.
Bernard Swanepoel gives his perspectives on the disaster that has enveloped the world’s third largest platinum producer, century old group Lonmin. His conclusion – “that’s capitalism”.