Rand stronger on early Omicron signs; retail data in focus

On the back of the GDP contraction, Adrian Saville from Genera Capital says one 'quick fix' is [easily implementable] policy reforms that have no cost to Treasury.

After more than 90 nations imposed travel bans on the country right before its summer holiday season because of the discovery of the coronavirus omicron variant.

Small businesses are exiting the market faster than they enter it.

As July riots hurt sectors like agriculture, manufacturing and trade.

Citing macroeconomic stability.

In early trade the rand was at R15.86 against the dollar, around 0.4% stronger than its previous close.

'Most of the overall risks are to the downside,' Gita Gopinath

But only likely to return to pre-Covid levels in 2023.

'We are likely to see some downgrades of our October projections for global growth.'

Most models predict a period in which the world surpasses that mark for several years or decades, before cooling back down to the 1.5°C by 2100.

Those tasked with job creation need to up their game, and fast.

Consumers say they are in a better financial position compared with 2020 and are planning to spend more over this period.

Festive season price hikes create a bleak backdrop for this year’s holiday period.

People are highly stressed by rising prices and the pandemic, and show concern about climate change: Rodger George – Africa Consumer Industry leader at Deloitte.