South Africa

The South African rand has made a bearish break through six-month trendline support at ZAR6.9300/US$, auguring for further losses over the short term. Although the currency has tentatively... 2011-07-19

The technical picture for the South African rand is uninspiring at present. The currency is comfortably within key support at ZAR6.9000/US$ and key resistance at ZAR6.5400US$, and unless... 2011-07-06

BMI View: There is not much to like in Sub-Saharan African financial markets at the moment. Although we see upside for East African FX and select equity markets over the near term,... 2011-07-05

BMI View: We hold to our forecasts for South Africa to see real GDP growth of 3.5% in 2011 and 4.0% in 2012. The recovery will continue to be driven by the consumer, and supported... 2011-06-22

South African equities have not been spared amid the latest sell-off in global stocks. Indeed, investor concerns surrounding weak US macroeconomic data and the Greek debt crisis have,... 2011-06-20

Market expectations regarding South African interest rates have shifted following the latest inflation print, and the majority of participants now agree with BMI that we are likely... 2011-06-08

BMI View: Equities remain our favoured asset class, although selectivity between the markets is key. We favour Nigerian, Ghanaian and Zambian stocks.

BMI View: Several Sub-Saharan African currencies are under pressure, due to US dollar strength as well as various country-specific factors. Nevertheless, we expect the Nigerian naira... 2011-05-19

BMI View: Sub-Saharan Africa faces a difficult period over the coming months, with high inflation and elevated borrowing costs likely to pose challenges to policymakers. Nevertheless,... 2011-05-17

BMI View: Equities remain our favoured asset class, although selectivity between the markets is key. Several new Eurobonds are in the pipeline: we favour the offering from Zambia.