The Weekly Market Update with Treasury1 | #eBizMoney | Andre Botha

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BizMoney

Andre Botha from Treasury1 joins us for our weekly market report, with local economic data as well as international data from the US, EU and Asia.

The Rand has improved to around the early R14’s to the dollar on the back of an above expected GDP growth rate of 3.3% (quarter or quarter), this comes after a decline of 1.2% in the first three months of the year. Year on year growth however was anemic at best coming in at 0.8%. Thankfully South Africa avoided a technical recession (2 quarters of negative growth), however people and business’s continue to struggle and political uncertainty/interference in the economy continues to act as a drag on a local recovery.

Internationally, the dollar has weakened as lack luster economic growth points toward a lessening of a US interest hike soon (though still expected before years end), this has led to investors to explore emerging markets for higher yields also helping to strengthen the Rand.

Economic news out of Europe is steadily improving but there are no fireworks to report, much of the market is waiting to hear from the ECB (European Central Bank) for direction.

We unpack even more in the podcast, listen below.

TreasuryOne provides a daily market view and daily market rates in the morning and afternoon via Whatsapp. If you want to receive up to date market information, please add the following number to your contact list – TreasuryOne market rates no 061 109 3649 and complete the following form for us to add you to the service.

BizMoneyAndre Botha in conversation with eBizRadio’s Nick von Stein

 

PODCAST | Click HERE to listen


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eBizRadio

eBizRadio

eBizRadio is a live multi- platformed social media service providing an online forum to the business community for holding conversations on the key issues related to specific businesses as well as availing a space for cross-business collaboration in response to key issues affecting the world of business. The place to go if you want to know about business and lifestyle

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