South Africa

The pre-emptive move by the South African Reserve Bank to lower its repo rate by 50bps to 11.50% in line with our expectations set the scene for the Bank of Namibia (BoN) to follow... 2008-12-18

The pre-emptive move by the South African Reserve Bank to lower its repo rate by 50bps to 11.50% in line with our call sets the scene for the Bank of Namibia (BoN) to follow suit.... 2008-12-16

The worsening of the international financial and economic position, however, seems to be catching up with the currency, and we anticipate further depreciation as the metical tests... 2008-12-08

As global prices for food and energy continue to weaken, we expect domestic price pressures to ease accordingly, back to single digits by end-09. Successful structural improvements... 2008-12-03

South African consumer price growth, at 12.4% y-o-y in October, has come in slightly below our - and consensus - expectations. Although not a major shock, we believe that the downward... 2008-11-26

At the beginning of November, BMI travelled to South Africa to meet with key clients in the corporate, financial and public sector, as well as to gain a feel for the prevailing economic... 2008-11-20

In BMI's proprietary business environment ratings, Mozambique comes in towards the bottom of the table, achieving 114th place out of 167 countries/territories. This poor performance... 2008-11-19

In line with tumbling share prices in international equity markets, the Johannesburg All-Share Index (JALSH) has continued its decline over the past few days, falling by about 2.5%... 2008-11-18

Sub-Saharan African (SSA) equities remain on shaky ground, with the major stock markets - South Africa, Nigeria, Kenya and Mauritius - set for further falls. Since the beginning of... 2008-11-11

There is no need to remind regular readers of our long-held bearish stance towards EM stocks. Late last year, we saw little to like about this asset class on our fundamental belief... 2008-10-23