Web Content Viewer (JSR 286)


Keeping you up to date.

Market Commentary

Momentum Metropolitan Holdings Limited (Momentum Metropolitan)

Latest Releases

Economic and market snapshot for September 2018

In Momentum Investments’ view, an acceleration in structural reforms is imperative to resolve the country’s stark inequality problem.

Interest rates steady at 6.5%, but the balance of sentiment is shifting towards tighter monetary policy

The SARB MPC left interest rates unchanged at 6.5% at the September 2018 interest rate-setting meeting, but noted three out of the seven MPC members had made arguments for an interest rate increase in of 25 basis points.

Another positive inflation surprise for August 2018

In Momentum Investment’s view, lower services inflation, muted currency pass-through and subdued food inflation contributed to the trend in downward surprises in recent months.

All Releases

Published: 25 October 2017

SA medium-term budget 2017 - Have we reached the fiscal cliff?

Treasury less committed to fiscal consolidation than in the recent past > fiscal deficit ratio stabilises at a significantly higher level > debt ratio continues to climb over the medium-term expenditure framework (MTEF)

Read more

Published: 04 October 2017

Medium-term budget preview

Walking the fiscal tightrope to avoid adversely impacting growth, while healing SA’s public finances

Read more

Published: 04 October 2017

Quarter ended 30 September 2017

Ongoing confirmation that the global economy currently enjoys the first period of synchronous global recovery since 2010 supported strong performances from growth assets during the third quarter of 2017.

Read more

Published: 02 October 2017

Economic and market snapshot for September 2017

Although the economic expansion currently underway in the US is the third longest on record in post-war history (see chart 1), it is also one of the shallowest.

Read more

Published: 21 September 2017

Reserve Bank disappoints the market by keeping the repo rate unchanged

Momentum Investments, together with the majority of the economists polled by the Reuters survey, expected a 25-basis point cut in interest rates at the September 2017 meeting, based on the expectation of a favourable inflation trajectory, soft business and consumer confidence and limited negative currency movements, despite lingering domestic political and sovereign ratings risks.

Read more

Published: 20 September 2017

August 2017 headline inflation prints below consensus

Consumer price inflation (CPI) ticked higher to 4.8% in year-on-year (y/y) terms in August 2017, which was below the market’s and Momentum Investments’ expectations.

Read more

Published: 01 September 2017

Economic and market snapshot for August 2017

The Treasury projects the US debt limit will need to be raised by 29 September 2017. In addition to raising the borrowing capacity of the Treasury, Congress needs to complete the budget process for financial year 2018 by 1 October 2017.

Read more

Published: 23 August 2017

Sharp drop in July 2017 headline inflation

Consumer price inflation plunged to 4.6% in year-on-year terms in Stats SA’s July 2017 inflation print, from 5.1% y/y in June, meeting the market’s and Momentum Investments’ expectations.

Read more

Published: 01 August 2017

Economic and market snapshot for July 2017

The local equity market staged a recovery during July 2017. The FTSE/JSE All Share Index rallied 7.0% in the month (see chart 6), underpinned by a stellar return from resource shares.

Read more

Published: 20 July 2017

SA interest rates cut sooner than anticipated

Interest rates cut by 25 basis points to 6.75%, the rate decision was not in line with the Reuters consensus, in which 24 out of the 27 analysts surveyed predicted that the SA repo rate would remain steady at 7.0%.

Read more

Complementary Content