Financial Associates
NEWSLETTERS
APRIL 2025
According to Stats SA South Africa’s GDP expanded by 0,6% in the fourth quarter of 2024, its strongest rise since the second quarter of 2023. The agriculture industry was the main driver of this upward growth on the supply side of the economy, with trade and finance providing additional support.
MARCH 2025
Finance Minister Enoch Godongwana is set to deliver the 2025 Budget Speech on 12 March 2025, following a postponement of the 2025 Budget Policy Statement. While there was general surprise at the Budget Speech being postponed, the rand has seen little impact to date.
FEBRUARY 2025
The South African Reserve Bank’s Monetary Policy Committee (MPC) lowered the repo rate by 25 basis points (bps) to 7.50% at its January 2025 meeting. This means that the prime lending rate is now 11%. The MPC sees the repo rate stabilising at 7.25% over the next few years.
JANUARY 2025
The beginning of a new year is a good time to take stock of your financial situation, and to ask yourself whether you are still on track to reach your long-term financial goals. If you have not yet quantified these goals, or if your personal circumstances have changed, please do not hesitate to reach out.
DECEMBER 2024
While the economy has been struggling to recover from the damage caused by state capture and the COVID-19 epidemic, there are growing positive signs that National Government is serious about building partnerships with the private sector.
NOVEMBER 2024
PwC reports that the Johannesburg Stock Exchange (JSE) All Share Index gained 15.2% during the third quarter (July-September) of the year to reach new record highs on the back of growing optimism of what a more effective government could mean for the economy and company revenue.
OCTOBER 2024
In September, the South African Reserve Bank made a significant move by cutting the repo rate by 25 basis points, bringing it down to 8%. This means that the prime lending rate is currently 11.5%. This decision came in response to a notable decline in consumer inflation.
SEPTEMBER 2024
A recent global survey from Edelman shows that as little as one in four South Africans believe that most people in the country can be trusted. Lullu Krugel, PwC SA Chief Economist and Africa Sustainability Platform Leader, says that social capital plays a pivotal role in economic development.
AUGUST 2024
The landscape of investment in South Africa has been dynamic and ever-evolving, with unit trust funds consistently at the forefront for individual investors seeking diversified portfolios. Unit trusts, by design, pool resources from multiple investors to invest in a variety of financial instruments, including stocks, bonds, and other securities.
JULY 2024
The GNU, which represents a coalition of various political entities, has brought about a wave of optimism, particularly among market players. The Johannesburg Stock Exchange and the national currency have both experienced a boost, signalling confidence in the new government's potential to govern effectively
JUNE 2024
The 2024 general elections in South Africa have been a significant event, marking a pivotal moment in the nation's democratic journey. The results of these elections carry profound implications for the political landscape, economic policies, and social dynamics of the country.
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