RT @lingskevin South Africa inflation better than expected in Jan 2020 at 4.5%. Core inflation a mere 3.7%. Good news ahead of National Budget, although it ultimately reflects the weakness in the SA economy. Scope for Reserve Bank to cut rates, but they first need to see what Moody’s does
RT @lingskevin 86% of economists surveyed by Bloomberg think Moody’s will cut South Africa’s foreign- and local-currency credit ratings to junk next year. The next credit rating review by Moody’s is expected to take place a few weeks after the National Budget in February 2020
RT @MichaelJordaan RMB Holdings will unbundle R130billion of FirstRand shares. Wow.
RT @chrishartZA The three taxes that target capital formation are: 1. Capital gains 2. Transfer duties on property 3. Death duties There is not a single emerging economy that can justify these taxes (if reducing unemployment is the top policy priority)
RT @mikeschussler Not only has the USA now got the lowest unemployment rate in 5 decades, earnings - after inflation for the typical worker have increased in last 40 years. (the person in the middle). At the same time the number of hours worked has decreased with about 2 hours per week. pic.twitter.com/NnapEreihL