Vuyani Ndaba

3 weeks ago | kfgo.com | Devayani Sathyan |Vuyani Ndaba

By Devayani Sathyan and Vuyani NdabaBENGALURU/JOHANNESBURG (Reuters) – Most emerging market currencies will hold the gains they have made this year or extend them against a retreating dollar in the next six months as traders ditch the U.S. exceptionalism trade that fuelled the greenback’s dream run, a Reuters poll of FX strategists found.

1 month ago | bizcommunity.com | Vuyani Ndaba

2 days7 days30 daysBy Industry Show moreAdvertise your job vacancies Economists have cut their consensus forecast for South African economic growth this year by 0.3 percentage points in May, in the biggest single monthly downgrade since early 2023, a poll showed on Tuesday, as they factor in the impact of US tariffs. The last time growth forecasts got a similar trim was in early 2023 due to power shortages.

1 month ago | money.usnews.com | Vuyani Ndaba

By Vuyani NdabaJOHANNESBURG (Reuters) - Economists have cut their consensus forecast for South African economic growth this year by 0.3 percentage points in May, in the biggest single monthly downgrade since early 2023, a Reuters poll showed on Tuesday, as they factor in the impact of U.S. tariffs. The last time growth forecasts got a similar trim was in early 2023 due to power shortages. A median forecast of 26 economists surveyed May 22-27 suggested growth would be 1.2% this year.

1 month ago | reuters.com | Vuyani Ndaba

The Hillbrow Tower, an iconic tower used to identify Johannesburg's skyline, is seen as the sun sets, in Johannesburg, South Africa, October 18, 2023. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG, May 27 (Reuters) - Economists have cut their consensus forecast for South African economic growth this year by 0.3 percentage points in May, in the biggest single monthly downgrade since early 2023, a Reuters poll showed on Tuesday, as they factor in the impact of U.S. tariffs.

1 month ago | reuters.com | Vuyani Ndaba

A man washes his clothes at an informal settlement for hundreds of South Africans who lack the means to get a proper home, located near Lenasia in Johannesburg, South Africa July 15, 2024. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG, May 19 (Reuters) - South Africa's National Treasury will likely announce wider budget deficit forecasts on Wednesday as it struggles to find alternative sources of revenue in the absence of stronger economic growth, a Reuters poll of economists found.