01 « October « 2008 « Investment Postcards from Cape Town

SA PMI bottoming out?

By Prieur du Plessis, on October 1st, 2008 posted in: South Africa

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By Mokgatla Madisha

The seasonally adjusted Investec PMI level remained unchanged at 47 index points in September. Although business activity and new sales orders remained under pressure, the results reaffirmed some of the positive trends that emerged in the August release.

These include the continuation of the deceleration in input cost [...]

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Slowdown in SA credit and money supply

By Prieur du Plessis, on October 1st, 2008 posted in: South Africa

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By Kevin Lings

SA credit and money supply growth slowed noticeably in August – very encouraging from a monetary policy perspective. Credit growth is expected to slow substantially into 2009.

In August 2008, SA growth in broad money supply (M3) was recorded at a much more encouraging 15.4% y/y, down from [...]

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