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Siphamandla Mkhwanazi

FNB
  • Opinion & Analysis

Siphamandla Mkhwanazi's Comment & Analysis
A complete archive of Siphamandla Mkhwanazi's articles, including current analysis & opinion.

Retail sales unexpectedly declined in July Retail sales volumes kicked off 3Q21 on a negative note, declining by 0.8% y/y in July, from the lockdown-induced increase of 10.5 y/y in June 2021....
Total mining production started the new quarter on a positive footing. Seasonally adjusted mining production is up 4.1% m/m in July, after contracting by 1.6% in June and by 3.6% in May. On an annual...
The current account surplus widened to a record R343 billion The current account, seasonally adjusted and annualised, recorded a record surplus of R343 billion in 2Q21, up from R261 billion in 1Q21....
GDP data shows the economy expanded further in 2Q21 As expected, today's GDP release revealed the material forecast risk that we highlighted in our weekly report. Preliminary GDP growth for 2Q21...
On Tuesday Stats SA will release revised GDP estimates for 1Q21 and preliminary GDP estimates for 2Q21. This follows last week’s publication of the benchmarked and rebased GDP figures, in which...
On the local front, another busy week is on the cards: African Rainbow Minerals Ltd (JO:ARIJ) (Full-Year Results): Headline earnings per share (HEPS) are expected to increase by between 130% and 138%...
In a previous report we outlined two recent waves of mortgage bond demand following a decent fall in interest rates in 2020. The first was driven by young first-time buyers and the second by older,...
On the local front, another busy week is on the cards: Super Group (Full-Year Results): Headline earnings per share (HEPS) are expected to increase by 64% to 100% y/y. Revenue will be 6.4% to 26.5%...
As measured by Stats SA’s household-based Quarterly Labour Force Survey (QLFS), total employment fell by 0.4% (54 000) q/q in 2Q21 but was 5.6% (793 000) higher than the same quarter in 2020. To...
Core inflation, otherwise known as underlying inflation, is a measure useful for gauging consumer demand pressure – bar supply-driven items such as food and non-alcoholic beverages (NAB), fuel, and...