South Africa

We are becoming increasingly bearish towards Sub-Saharan African (SSA) FX given the ongoing trends for euro weakness, US dollar strength and a deteriorating outlook for regional macroeconomic... 2011-09-13

As we head into the final months of the year, we see little to like in Sub-Saharan African (SSA) financial markets. The external environment is increasingly inhospitable with the US... 2011-09-06

BMI View: Given weak Q211 GDP data as well as various concerns regarding the global economic recovery, we have revised down our forecasts for South African real GDP growth, to 3.3%... 2011-08-31

In line with our prediction, markets are now pricing in a small possibility of an interest rate cut in South Africa by year-end (see Rate Cut? Key Risks To Watch, August 16). The chart... 2011-08-19

BMI View: In a worst-case scenario for the US and eurozone economies, we would expect Angola, Botswana, Cameroon, Gabon and South Africa to suffer the most. Yet, we believe that... 2011-08-18

The South African rand has made a bearish break through key support at ZAR6.9200/US$ and from a technical perspective, looks likely to stay relatively weak over the short term. Having... 2011-08-09

South Africa's financial markets have predictably been hit hard by the global turmoil. Equities and the rand currently look precarious, but the bond markets are doing well amid the... 2011-08-05

BMI View: We are constructive towards select Sub-Saharan African FX - the South African rand, Zambian kwacha and Ghanaian cedi - given the bearish outlook for the US dollar and country-specific... 2011-08-03

South African bond yields are set to decline, in our view, as interest rate expectations adjust in the market. While previously it looked likely that the South African Reserve Bank... 2011-07-26

BMI View: We believe the rate-hiking cycle in SSA has further to run, with interest rate increases expected to take place in most markets by year-end. Taking into account our inflation... 2011-07-21