Category: South Africa
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South Africa Macro Brief: October 2025
Base rate unchanged at 7%. Inflation slightly down to 3.3% in August from 3.5% in July. Trump’s July threat to apply additional 10% tariffs to BRICS+ aligned nations impractical. Record high for Jo’burg stock exchange is misleading – primarily due to gold price rises. RSA continues to have a bumpy ride, and the full effects…
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South Africa Macro Brief: September 2025
Last month we said “whilst about 9% of South Africa’s total exports are destined for US consumers this translates to only around 2.7% of GDP. Most commentators might assess therefore that President Trump’s 30% tariffs will have a measure of impact, but nothing catastrophic. This might be true a year or two from now, but…
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South Africa Macro Brief: August 2025
It has been a challenging year for the Republic of South Africa (RSA), and it looks set to become more challenging still. Relations with the US have taken a very clear nosedive since President Trump took office in January, and now the application of a 30% tariff on most South African goods entering the US…
