Page 4 - Maarten Ackerman News Today

After contracting by 0.7% in the second quarter of 2022, the South African economy rallied in the third quarter. This could be a false positive, economists warn. But, as Eric Idle sang in Life of Brian: ‘Always look on the bright side of life.’

The minister of finance needs to perform a delicate balancing act between bailing out South Africa’s problem child, Eskom, and stimulating an economy in dire need of help.

It’s about spending what weve got wisely, and then ensuring that we can implement policy: Maarten Ackerman at Citadel.

This week MoneywebNOW looked at expectations for local interest rates and the MTBPS, consumers financial vulnerability, investing in Microsoft, and progress in African financial markets.

Analysis of Sasol’s declaration of a force majeure and investors’ wish lists ahead of the MTBPS.

Citadel hopes to see the finance minister prioritise policies that grow the economy, address Eskom’s financial woes and stimulate reform.

Firms are choosing local suppliers over imports, even if prices are higher.

The headlines explained.

This week MoneywebNOW looked at market comparisons to the 2000 tech selloff, US Fed expectations, the drivers of JSE returns, investing for the long-term and SAB Zenzele Kabili BEE shares.

Citadels Maarten Ackerman believes the Fed would be comfortable with inflation going back below 4% and staying there until it can start to support the economy again.