Nedbank CIB Markets Podcasts and Webinars
Strategy insights: Deep dive into the drivers of asset class performance and the economy, through the lens of liquidity and flows.
SA FIC: Rand not cheap enough; maintain a weak bias
The rand may be much weaker now than a month ago, but it may not be cheap enough. At 14,50, we were better buyers of USD and although the rand has moved a lot in the past month, its weakness can extend much further. It’s too soon to get bullish…
Credit Insights: South Africa: Moody’s sovereign rating
We expect South Africa’s sovereign rating outlook to be upgraded to “Stable” from “Negative” and its “Ba2” rating level to be affirmed
Nedbank CIB Post Budget Speech Webinar
The 2022 Budget Speech will be delivered in an environment with more certainty than what we experienced in 2021. While revenue collection may surprise to the upside, expenditure pressures in the form of additional social support, and state-owned enterprises bailouts do threaten to slow down the fiscal recovery. Our Markets…
SA FIC: US inflation impulse - pressure on SA contained
The latest US inflation print may have increased doubts that South Africa can escape most of the inflationary pressures observed in the US. For one, it seems as if the FRA market believes South Africa will not be able to escape these pressures. The FRA market is currently pricing in…
2022 Budget preview – revenue boom persists
We project a further upward revision to revenue estimates over the entire MTEF at the upcoming Budget, with the main driver being corporate income tax (CIT) receipts. Our estimates suggest a cumulative R521bn increase in revenue collection from 2021 to 2025 relative to the MTBPS forecast. This is mainly due…
Monthly Insights - February 2022
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Monthly Insights - December 2021
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Global Markets Overview
Strategy insights: Deep dive into the drivers of asset class performance and the economy, through the lens of liquidity and flows.
SAGB Markets
Strategy insights: Deep dive into the drivers of asset class performance and the economy, through the lens of liquidity and flows.
SA Insight - SARB’s inflation target: 4%, not 3% or 4,5%
The South African Reserve Bank’s (SARB) inflation target is currently under review by the National Treasury (NT) as part of a broader macroeconomic policy review for the country. The SARB indicated it would prefer an explicit point target for inflation rather than the current inflation band of 3-6%. It also…
Climate financing and Eskom – bridging the gap from legacy to new debt
South Africa has begun its decarbonisation journey in earnest after having garnered the support of the UK, France, Germany, the US and the EU to jumpstart the just energy transition towards a low-carbon economy and net-zero carbon emissions by 2050. Eskom is at the centre of this pivot as it…
Monthly Insights ¬- November 2021
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Monthly Insights - September 2021
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SA Insight: The BIG picture - contextualising its impact
Given the lack of details and consensus within the government on a basic income grant (BIG), we provide a broad framework for contextualising any future decisions on such a policy. We simulate the impact of a BIG on key variables of the South African economy. The transmission mechanism through which…
Energy Fireside with Laurentius Human - Focus on Distributed Generation
Strategy insights: Deep dive into the drivers of asset class performance and the economy, through the lens of liquidity and flows.
Nedbank CIB Analyst Fireside Chat | Growth and Politics
Political uncertainty impacts economic growth and asset prices negatively. We observe this globally and it’s not unique to South Africa. Our own analysis - Growth and politics: impact, transmission and allocation - suggests that should political uncertainty decline from current elevated levels the compounding effect on growth could be large…
Nedbank CIB | The Changing Face of Global Retail
Please join us for a presentation and Q&A session on The Changing Face of Global Retail with retail veteran Andrew Jennings, former Woolworths Group Retail MD. About the Speaker: ANDREW JENNINGS A highly accomplished Senior Global Retail Executive with more than 45 years of achievement leading some of the world’s…
Nedbank CIB Fixed Income Roundtable Series | SA's Infrastructure Fund
Join us for an engaging session with our guest speaker, Mr Mohale Rakgate, Chief Investment Officer of the SA Infrastructure Fund. Mr Rakgate and team will provide more detail about the Infrastructure Fund and outline the progress it has made thus far.
Nedbank CIB Post Budget Speech Webinar
The Covid-19 pandemic has transformed our way of working, communicating and meeting. We have therefore transformed our Annual Breakfast event into a virtual one, which we hope will be just as insightful and engaging as before. We take pleasure in inviting you to join us for a post budget speech…
Fireside Chat | Credit | 2021 SONA
Join us as we discuss our credit outlook, share our thoughts on the Land Bank’s debt restructure and consider some structural challenges to corporate bond issuance over the medium term.