Arthur Kamp, who has been an investment economist at Sanlam since 2005, is able to provide some guidance on sifting out the economic data wheat from the chaff provided by the ongoing political theatre, which threatens to create so much noise in social media that it drowns out important and vital data and possible tipping points. “Essentially, when there is uncertainty in the market around the outcomes of economic policy it can cause a lot of volatility in asset prices. So, the key thing is to keep an eye on those long-term values,” Kamp said. “Firstly, my job is to watch world events, in particular those events that have an impact on debt markets, which are events that drive interest rates, as interest rates are used in the valuations of all assets,” says Kamp. He notes that the biggest driver of interest rates is having a large part of the population entering working age, a trend that has been much stronger in emerging markets. “Globally one of the big … [Read more...] about Market data: Sifting the wheat from the chaff
“They tell us that the worst is over, but I am not convinced that is the case,” says Chris Renecle, MD of Renprop when talking about the Gauteng property market outlook for 2019. “The market is currently skittish with many adopting a wait and see attitude and this is likely to continue for a number of months,” he says. Renecle notes that Renprop started 2018 with much optimism after experiencing the busiest January in a number of years, but says that after the speech about land appropriation without compensation, the market slowed down and there was a notable drop in enquiries across the board. “In order for the South African property market to show any kind of improvement and growth in 2019, it requires policy certainty, especially around the land appropriation issue, as well as investment and an economic boost. Therefore there is not expectation of a major recovery in any market sector in the year ahead. Therefore over the next 12 months, the South … [Read more...] about Property Market To Remain Skittish In 2019
Kenya is counting on Africa as a key source market for tourists. Kenya Tourism Board Managing Director, Dr. Betty Radier says with Africa being Kenya’s second biggest tourist source market, having contributed 29 percent of total tourist arrivals to Kenya in 2017, bilateral discussions are ongoing among African Tourism ministries to enhance collaboration and provide a wider offering for travelers. According to the United Nations World Tourism Organization, Africa topped growth in international tourist arrivals in 2017 totaling 63 million international arrivals and is targeting to attract 134 million tourists by the year 2030. Radier says Africa is gradually emerging not only as a tourism destination but also as a tourist source market adding that Africa is currently Kenya’s second biggest source market by region, having contributed 29 percent of the total tourist arrivals to Kenya in 2017.Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 22163 … [Read more...] about Kenya keen to tap in Africa’s tourism market
www.blackpast.org Sometime in 2013, the African American consumer market exceeded the trillion dollar mark for the first time. To put this figure in perspective, that market is larger than the market for the entire nation of Spain. In the article below business historian Robert Weems briefly describes rise of African American purchasing power since the end of slavery and what it means for both black Americans and the entire economy. Collective African American net income (spending power) now exceeds $1 trillion dollars annually. Because of this economic reality, a wide variety of contemporary companies continually create marketing campaigns to effectively reach this important segment of the U.S. consumer market. Yet, in the not-too-distant past, black consumers were all but ignored in the American marketplace. This article will provide an overview of this historical (and business) phenomenon. One hundred years ago, African Americans were not perceived to be a viable … [Read more...] about The Trillion Dollar African American Consumer Market: Economic Empowerment or Economic Dependency?
Recall the hyperventilation about an inverted yield curve? So much for that. The sound you hear is the bond market popping as stronger economic growth sends long bond rates to new highs. The yield on the 10-year Treasury climbed more than 10 basis points on Wednesday to 3.159% and closed even higher on Thursday at 3.196%, as investors weighed signals of a strengthening labor market and business investment. Not long ago various market sages warned that tightening by the Federal Reserve would push up short-term rates and result... … [Read more...] about The Bond Market’s Signal