South Africa

BMI View: The regional trend for interest rate easing has come to a close. Looking ahead, we see high-growth markets such as Ghana, Nigeria and Kenya hiking rates sooner rather than... 2010-09-29

BMI View: The latest update of our Sub-Saharan Africa Sovereign Risk Ratings has seen some notable moves, both to the upside and the downside. We continue to regard Gabon as the most... 2010-09-27

Core View: The supportive fundamental dynamics we have highlighted came dramatically to the fore in recent months and buoyed prices beyond even our expectations, which were already... 2010-09-16

Front month (September) barley looks set to moderate as supply from global producers (such as Australia and Canada) comes online and overbought momentum is unwound. Greater production... 2010-09-09

In the short term, we believe that front-month (September) rough rice prices could trend higher, given that it is currently trading at US$11.66/cwt, higher than US$11.50/cwt - a level... 2010-09-08

South African treasury yields have declined sharply in recent trading sessions, and we remain bullish. As shown in the accompanying charts, both 10-year and 2-year treasuries have rallied,... 2010-08-13

Front-month (August) soybean looks slightly precarious around current levels. Although the contract surged higher in early July, we expect downside pressure to mount over the coming... 2010-07-28

On a very short-term basis, front-month (September) rough rice could be due a breather given that the most recent leg down has plunged daily momentum indicators back into oversold territory.... 2010-07-08

The South African rand continues to range trade, with key resistance at ZAR7.2000/US$ and key support at ZAR8.0000/US$ unlikely to be tested over the near term. However, we do expect... 2010-07-08

BMI View: We maintain our forecast for the South African economy to expand by 3.0% in 2010 and 4.1% in 2011, with real GDP growth set to be driven by a recovering export sector as... 2010-07-07