South African interest rates may have peaked

As was widely anticipated, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) by a unanimous vote decided at a third consecutive meeting (and its last meeting of the year) to again keep interest rates unchanged, with the repo rate staying at 8,25%.

Prof Raymond Parsons, economist from the North-West University…

Harvard report on growth through inclusion in South Africa is timely and relevant

The all-encompassing and wide-ranging 178-page diagnostics of the South African economy embedded in the report “Growth Through Inclusion in South Africa”, prepared by Ricardo Hausmann and his team from the Growth Laboratory at Harvard University, is a timely and relevant document.

Prof Raymond Parsons, economist from the North-West…

Employment trends are encouraging, but hurdles remain formidable

The further slight decline in South Africa’s unemployment rate to 31,9% in the third quarter of 2023 is good news, and the fact that total employment is now back to its pre-pandemic levels is welcome.

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, commented on the third quarter 2023 Quarterly…

Think Tank - Unpacking the medium-term budget speech

By Mbali Skosana

The North-West University (NWU) Business School hosted a Think Tank session in Vanderbijlpark recently, where a panel of experts delved into the contents of the medium-term budget speech by the Minister of Finance. All in attendance were welcomed by Professor Linda du Plessis, NWU deputy vice-…

Public finances remain on a slippery slope

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says in the face of pressing economic and fiscal challenges, the Medium-Term Budget Policy Statement (MTBPS) offered a realistic but vulnerable fiscal picture for South Africa.

In commenting on the MTBPS that was presented to Parliament on 1 November…

Medium-term Budget must reinforce message on pace of structural reforms

“The foundations of the 2023 Medium-Term Budget Policy Statement (MTBPS) on 1 November need to be realistic and sound, given the additional fiscal and economic challenges it faces.”

Prof Raymond Parsons, economist at the North-West University (NWU) Business School, says the National Treasury has already warned of the tough decisions…

Growth-friendly policies should be implemented urgently

In commenting on the latest South African Reserve Bank (SARB) monetary policy review, Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says it is now more urgent than ever to implement growth-friendly policies and projects.

The SARB’s comprehensive monetary policy review confirmed that both global…

Stability in borrowing costs is positive for consumer confidence

As was widely expected, the Monetary Policy Committee (MPC) again decided by a vote of three to two to continue to keep interest rates on hold, following a similar decision at the previous meeting of the MPC on 20 July.

Prof Raymond Parsons, economist from the North-West University (NWU), says this further “hawkish pause” outcome was…

Better growth figures show resilience, but volatility remains

The better-than-expected gross domestic product (GDP) growth of 0,6% in the second quarter of 2023 is welcome news, as it has extended its gains for a second consecutive time.

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says this demonstrates a noteworthy degree of resilience in the economy.…

South Africa’s national interests in the changing BRICS landscape ― seven tests

“The watershed 15th BRICS Summit that took place in Johannesburg had, to its credit, several runs on the scoreboard by the time it concluded last week.”

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says while the outcomes were inevitably a complex amalgam of politics, economics and business, the…