Aurum TrustApr 7, 2020Lockdown: SARB Foresees 370 000 Initial Job Losses, 1 600 Business InsolvenciesEarly projections by the SARB are that the 21-day lockdown could see 370 000 job losses and 1 600 business insolvencies.
Aurum TrustMar 30, 2020Mboweni’s ‘Hallelujah’ Moment as Ramaphosa Green-lights Structural Reform Mboweni had a ‘Hallelujah’ moment when President Ramaphosa told him that the Moody’s downgrade was the trigger to pursue structural reforms.
Aurum TrustMar 26, 2020South Africa’s Economic Firepower: Now vs 2008 Crisis in ChartsSA emerged from the 2008 global financial crisis in strong position. The opposite is likely after the coronavirus pandemic.
Aurum TrustMar 25, 2020SA Reserve Bank Catches the Quantitative Easing Bug as Covid-19 infects Economy, Bond MarketThe South African Reserve Bank has been infected with the quantitative easing bug, known in some ANC circles as ‘quantity easing'.
Aurum TrustMar 19, 2020Steep Cut in Interest Rates AnnouncedThe SA Reserve Bank’s monetary policy committee cut the repo rate by one percentage point from 6.25% to 5.25% on 19 March.
Aurum TrustMar 3, 2020SA Slips into Technical Recession after 1.4% GDP Contraction in 4th QuarterSouth Africa’s GDP has expectedly contracted by 1.4% in the fourth quarter of 2019, pushing the country into a technical recession.
