Oil price, inflation and exchange rate risks make rate cuts a tall order
Balancing act: oil price surge casts ominous shadow over rate cut potential amid inflation, exchange rate risks.
Balancing act: oil price surge casts ominous shadow over rate cut potential amid inflation, exchange rate risks.
Sasol CEO Fleetwood Grobler shares valuable lessons learnt from the company’s near-death experience, and how different life is for the ‘twenty bagger’.
Analysts’ forecasts differ wildly. Consensus is a long way off. Some forecast the oil price returning to the $80-90 level within a year.
South Africa is the most unequal country in the world, with race playing a determining factor in a society where 10% of the population owns more than 80% of the wealth.
The total growth for online retail in South Africa in 2020 came to 66%, bringing the total to R30.2bn, reports MyBroadband.co.za.
In April 2021, US headline consumer inflation rose far more than expected, up 0.8%m/m versus expectations for an increase of only 0.2%m/m.
A fall in stockpiles, restraint among US producers and the speedy recovery in Asian demand have driven the rally, writes The Wall Street Journal.
‘Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut’, reports The Wall Street Journal.
The oil meltdown accelerated, with huge losses sweeping through markets as the world runs out of places to store unwanted crude.
Oil prices have been hammered as the coronavirus has led to evaporating demand. Now, we are bracing for a wave of economic pain.