Event Drop-In: South Africa’s 2025 Budget – Fiscal risks, macro and market consequences 12th March 2025, 4:30PM GMT After last month’s shock postponement, South African Finance Minister Enoch Godongwana is finally expected to present a 2025 national budget on 12th March. But the ANC and DA have been arguing about…
Africa Rapid Response Nigeria Consumer Prices (Oct' 24) Nigeria’s headline inflation picked up for a second consecutive month, to 33.9% y/y in October, largely due to the impact of rising petrol prices. The CBN now appears to have little choice but... 15th November 2024 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (Sep. '24) The drop in South Africa’s headline inflation rate, to 3.8% y/y, in September, means that the SARB will almost certainly continue its easing cycle. The chances of a 50bp cut at its the next meeting... 23rd October 2024 · 2 mins read
Africa Data Response S. Africa Interest Rate Announcement (Sep.'24) 19th September 2024 · 2 mins read
Africa Data Response South Africa Consumer Prices (Aug' 24.) The dip in South Africa’s headline inflation rate, to 4.4% y/y, in August and the further decline in core inflation all but seals the deal on the SARB start an easing cycle tomorrow. We have pencilled... 18th September 2024 · 2 mins read
Africa Data Response Nigeria Consumer Prices (August '24) Nigeria’s headline inflation rate dipped to 32.2% y/y in August, confirming the disinflation trend is firmly on course as the pass through from previous sharp falls in the naira continues to fade... 16th September 2024 · 2 mins read
Africa Data Response South Africa Consumer Prices (Jul' 24) The larger-than-expected decline in South Africa’s headline inflation rate, to 4.6% y/y, in July strengthens the case for the SARB to start its easing cycle with a 25bp cut to 8.00% at its next... 21st August 2024 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Jul. '24) Nigeria’s headline inflation rate eased to 33.4% in July, the first time it had slowed in 18 months, as the passthrough from previous naira falls has finally started to faded. With inflation having... 15th August 2024 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Jul.) South Africa’s manufacturing PMI jumped in July, suggesting that improving electricity supply conditions and reduced political uncertainty are starting to support activity. While the economy may... 1st August 2024 · 2 mins read
Africa Data Response South Africa Consumer Prices (Jun.) South Africa’s headline inflation rate edged down to 5.1% y/y in June and with core inflation returning to the mid-point of the SARB’s 3-6% target range, we think the SARB will be in position to... 24th July 2024 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Jun.) Nigeria’s headline inflation rate edged up to 34.2% y/y in June on the back of the pass-through from previous naira falls. But we think this marks the peak and inflation should start to decline. If... 15th July 2024 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Jun.) South Africa’s manufacturing PMI remained weak in June but improving electricity supply conditions and reduced political uncertainty should support a modest pick-up in activity. That said, the economy... 1st July 2024 · 2 mins read
