Category: Economics

Cybercrime has been on the rise with criminals becoming ever more sophisticated. Our Compliance Team looks at how both regulators and industry participants have been responding.

Business Development Manager Refilwe Rakanang examines the role to be played by Financial Services firms in raising financial literacy levels in South Africa, and how changes in delivery mechanisms and regulation will both have an impact…

We look at the recent G20 Leader’s Summit, hosted by South Africa from 22-23 November, under the theme ‘Solidarity, Equality and Sustainability’.

Senior Portfolio Manager Jacques Simpson looks at how different asset classes have been performing and explores what this might tell us about how they are positioned for 2026…

Fixed Income Analyst Taku Makotore looks back at the themes which framed 2025 and explores what markets might expect from 2026…

Fixed Income Head Qhivi Tiva and Assistant Portfolio Manager Cyril Tshehla were thrilled to receive the award on behalf of the Prowess team at the recent ABSIP Awards Dinner.

Globally, US President Trump confirmed that he has decided who will succeed Jerome Powell as Fed Chair and locally Moody’s kept its credit rating of South Africa unchanged.

Last week, markets perked up as the odds of a US Fed rate cut on 10 December jumped to 90% – from just 30% a few weeks back – thanks to soft American data and chatter that Kevin Hassett is in pole position for Fed Chair. Locally, the SARB’s MPC delivered a unanimous 25bps repo cut to 6.75% on 19 November – its third in a row, totalling 150bps of easing since September 2024.

Last week, US nonfarm payrolls showed that the labor market added 119k jobs in September, while the unemployment rate rose to 4.4% in September from 4.3% the month prior. Locally, the South African Reserve Bank (SARB) cut the repo rate by 25 basis points to 6.75% in line with our expectations.

Last week, US President Trump signed legislation to end the US government shutdown, while locally, finance Minister Enoch Godongwana tabled the 2025 MTBPS, preserving the crucial debt-to-GDP peak at 77.9% this year while adopting a 3% inflation target and reinforcing fiscal consolidation. SA’s sovereign credit rating was upgraded by S&P.