Colen Garrow
Colen Garrow
code considered exchange good hardly interest issue likely matter moral observers rand rate
Another issue likely to resurface is the matter of 'a more competitive exchange rate', deciphered as code for the rand to weaken. Moral suasion such as this may be good for export-biased manufacturers, but will hardly be considered good for observers of inflation, or long-term interest rate markets.
economy grow irony looking needs saying shows south
The irony is that it wasn't so long ago that South Africans were saying that the economy needs to grow at 3%. Now we're looking at 3,3% and saying it's dismal. It shows how the expectations have shifted.
disposable employed income money retail south spent
In short, more South Africans employed suggests more disposable income and more money being spent on retail goods.
argued cause central debt further growing levels rate remains stimulus
While it remains manageable, it can be argued that it is the rate at which debt levels are growing that may cause no further stimulus from the central bank.
consistent controls deviate environment exchange national path rand remains strong treasury unlikely
While an environment in which the rand remains strong is always appropriate for something more creative, the National Treasury is unlikely to deviate from its consistent path of removing exchange controls gradually.
affordable costs cuts dependency earners housing income likely low middle personal tax welfare
Welfare and dependency grants, personal income tax relief, and cuts in those costs which would make housing more affordable for middle and low income earners are likely to buoy consumption expenditure, and manufacturing.