The SA Reserve Bank will ‘probably’ raise interest rates in anticipation of a likely US interest rate lift-off in December, economists said ahead of the Monetary Policy Committee’s decision on rates later.
Consumer confidence increased from -1 index point to a level zero in the fourth quarter of this year, according to the FNB/BER Consumer Confidence Index (CCI) released on Thursday.
It is the season of quarter two indices being released, and for the most part the numbers have decreased, which is understandable given the economy’s most recent GDP figures. In the case of FNB’s BER building confidence index, it has seriously dropped, adding to the leading and lagging odds stacking against the country going forward. … Read more
From SAPA The FNB/BER building confidence index fell 11 points to 41 in the second quarter of 2014, with confidence in all the index’s sub-sectors lower, First National Bank said on Tuesday. “After breaching the key 50-index point mark in the first quarter of 2014, the FNB/BER building confidence index fell by 11 points to … Read more
John Loos is the embedded economist at banking group FirstRand’s Home Loans division. His position gives him a unique insight into South Africa’s housing market, one of the key constituents of its economic growth. He was my guest in the CNBC Africa Power Lunch studio today with an update on the bank’s Building Confidence Index … Read more
From SAPA Black South Africans overtake white home buyers: FNB Black South Africans have bought more suburban homes in the past year than their white counterparts, an FNB Estate Agent survey stated on Monday. “… 2013 was the first year in the history of this survey question, dating back to 2005, in which the so-called … Read more