In an action-packed week, the good news outweighed the bad and financial markets largely discounted a deterioration in geopolitical relations, instead focusing on the well-received South African Budget and poring over US Fed meeting minutes for signs of interest rate certainty.
Heads of African Investment Promotion Agencies, businessmen and women as well as academia will meet in Accra on Wednesday, January 25, to strategise on how African nations can add value to natural resources through Foreign Direct Investment (FDI) to boost their economies and create jobs. The discussions will be held…
Widely held expectations are that the South African Reserve Bank will increase the repo rate this Thursday by 50 basis points, with increases tapering off thereafter.
There’s enough promising news on the inflation front to be cautiously optimistic. Far fewer countries are still experiencing accelerating inflation, according to the World Bank, and the dollar may loosen its hold on global forex markets. However, much depends on the impact of China’s reopening.