May 44 minMultivest Market Watch - April 2022Summary of views Growth: We expect GDP growth of 1,8% yoy in 2022 and 1,9% in 2023. Currency: Our USDZAR fair value estimate remains at...
May 23 minRisks all aroundApril was a month charecterised by some risks intensifying and new ones entering the fray. And in May some of the risks will become...
Apr 75 minMultivest Market Watch - March 2022Summary of views Growth: We expect GDP growth of 1.8% yoy in 2022 and 1.9% in 2023. Currency: Our neutral range for the USDZAR is between...
Apr 62 minWars, rising inflation, higher interest rates, lower economic growth – possible recession in 2023March was, as expected, characterised by central banks increasing interest rates to contain runaway consumer price inflation (CPI),...
Mar 142 minSUMMARY OF VIEWSAdjusting our growth, inflation and fiscal expectations Growth We expect GDP growth of 1.8% yoy in 2022 and 1.9% in 2023. Currency Our...
Mar 26 minWars, inflation, and interest rates create big uncertainties in February 2022In February the economic outlook and financial markets were dominated by talks of war, actual war, increasing consumer price inflation...
Feb 48 minMultivest Market Watch - January 2022SUMMARY OF VIEWS Growth: We now see downside risks to growth in SA, prompted by the onset of the fourth COVID-19 wave of infections, the...
Feb 13 minInflation and interest rate changes expected to dominate 2022Indications are for “less-COVID-19-disruptive-but-still-lower” global economic growth; high but declining global consumer price inflation...
Jan 125 minMultivest Market Watch - December 2021SUMMARY OF VIEWS Monetary policy – 75 bps of hikes in 2022 with the first 25bps in January We expect SARB to hike by 25 bps in January,...
Jan 33 minDecember 2021 Economic OverviewMany events and indicators affecting the world economy and financial markets occurred relatively early on in December, slowing towards...
Dec 14, 20215 minThe Year 2021A year in which the global economy rebounded on generous fiscal and monetary support, a rollout of vaccinations and an increase in...
Dec 6, 20217 minMultivest Market Watch - November 2021Central Banks reacted differently to rising CPI GLOBAL DEVELOPMENTS Product shortages and high oil prices raise global inflation rates...
Nov 4, 20217 minMultivest Market Watch - October 2021Equity indices rebound on better earnings in October Equity markets dismissed concern over the imminent Fed taper as markets focused on...
Oct 30, 20213 minEnergy issues all around the world - October 2021October was dominated by energy issues all around the world – and these issues are likely to persist, affecting future consumer price...
Oct 7, 20217 minMultivest Market Watch - September 2021Sector views steady despite more growth Although our growth expectations for South Africa are above consensus for this year and next,...
Oct 6, 20217 minMultivest Market Watch - September 2021Sector views steady despite more growth Although our growth expectations for South Africa are above consensus for this year and next,...
Oct 3, 20213 minEconomies and financial markets were battered in SeptemberEconomies and financial markets were battered in September on account of several events. Some of these incidents – which already caused...
Sep 7, 20217 minMultivest Market Watch - August 2021Equity-market indices marginally better after Fed reassurances Equity markets spent August drifting higher, supported by loose monetary...
Sep 1, 20213 minEconomic Overview - August 2021Despite a surge in COVID-19 (Delta variant) infections which negatively impacts the performance of the US economy, monetary tightening in...
Aug 31, 20216 minMultivest Market WatchSummary of core macroeconomic and market views Currency Our neutral range for the USDZAR is between 14.50 and 15.25. In the short term,...