The Week In Perspective
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As the country braces for another record petrol price next week, pressure is rising on the government to find another solution to provide some relief to under pressure consumers.
The economic landscape is certainly shifting rapidly. The Monetary Policy Committee’s (MPC) widely expected decision last week to raise borrowing costs by another 50 basis points, mainly on worries of a wage-price spiral (or ‘second-round effects’) developing; Standard and Poor Global Ratings lifting their outlook on SA’s sovereign credit rating from stable to positive, although SA remains in ‘junk status’; the State rejecting the public service demand for 10% in its current negotiations with the public sector unions; Eskom intensifying its pattern of load-shedding; the looming fuel price ‘shock’ next week, and sadly, recent further flood damage in KZN, all conspire to create huge dollops of uncertainty.
Lots to discuss with Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
The economic landscape is certainly shifting rapidly. The Monetary Policy Committee’s (MPC) widely expected decision last week to raise borrowing costs by another 50 basis points, mainly on worries of a wage-price spiral (or ‘second-round effects’) developing; Standard and Poor Global Ratings lifting their outlook on SA’s sovereign credit rating from stable to positive, although SA remains in ‘junk status’; the State rejecting the public service demand for 10% in its current negotiations with the public sector unions; Eskom intensifying its pattern of load-shedding; the looming fuel price ‘shock’ next week, and sadly, recent further flood damage in KZN, all conspire to create huge dollops of uncertainty.
Lots to discuss with Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
