ALLAN GRAY FEATURE – Rate hike improves South Africa’s attractiveness for investors
Manage episode 424755375 series 3581044
Contenuto fornito da Kaya 959. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Kaya 959 o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
GUEST – Thalia Petousis - Portfolio manager at Allan Gray
The South African money market is fast becoming a saver’s haven. The overnight repo rate of 7.75% as at end-March reached its highest level in almost 14 years. The extent to which the South African Reserve Bank will keep hiking interest rates will depend on how confident it is that consumer price inflation is moving closer to the 4.5% target. As the impact of loadshedding bleeds into an elevated cost of production and wreaks havoc on food retailers’ business operations, the rate at which food inflation is rising is cause for concern. Kaya 959
…
continue reading
The South African money market is fast becoming a saver’s haven. The overnight repo rate of 7.75% as at end-March reached its highest level in almost 14 years. The extent to which the South African Reserve Bank will keep hiking interest rates will depend on how confident it is that consumer price inflation is moving closer to the 4.5% target. As the impact of loadshedding bleeds into an elevated cost of production and wreaks havoc on food retailers’ business operations, the rate at which food inflation is rising is cause for concern. Kaya 959
76 episodi