South Africa

Following the push through key resistance at around ZAR8.2000/US$ on May 27, the South African rand has scope to make further modest gains towards the ZAR7.7500-7.5000/US$ area over... 2009-06-04

Although a second quarter of GDP contraction to take South Africa officially into recession was universally expected for Q109, the extent - 6.4% q-o-q annualised - still surprised.... 2009-05-27

After a month of consolidation at around the 2,100 level, the Lusaka All-Share Index has bounced 4.9% from its two-year low of 2,096 touched on April 16. Closing at 2,198 on May... 2009-05-15

Owing to a noticeable uptick in international risk appetite (the US Dow Jones equity index gained more than 200 points on May 4), the South African rand pierced through five-year... 2009-05-05

With the global recession to weigh heavily on South Africa's current and financial accounts over the course of 2009, we expect further rand depreciation throughout the year, with... 2009-03-16

BMI View: With the exception of South Africa, we remain broadly bullish on sub-Saharan African local debt markets given our expectation for interest rate cuts and sharp declines... 2009-02-18

BMI View: BMI remains medium-term bearish towards EM equities, and sub-Saharan African (SSA) markets are no exception. Despite the precipitous declines seen in several indices... 2009-02-06

Owing to a strong disinflationary trend and weakening domestic economic growth, we believe that the South African Reserve Bank (SARB) will slash interest rates by 400bps over the... 2009-01-28

With the Johannesburg All-Share Index (JALSH) trading at 19,462 at one point on January 23, most of the 29.7% gains of the late November-early January bear market rally have been... 2009-01-23

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