September 11, 2020

Making Sense of The GDP Data

Statistics SA has not done the mood in the country any favours by choosing a totally unrealistic method to portray the GDP data for the 2nd quarter.
September 4, 2020


After languishing in contraction mode for nine successive months, the Absa Purchasing Managers’ Index (PMI) for the manufacturing sector has been above the neutral level of […]
August 19, 2020


Pres. Cyril Ramaphosa has certainly lifted the spirits of the country with the announcement over the past weekend of a sweeping removal of lockdown restrictions. The […]
July 30, 2020


29 July 2020 To date, the International Monetary Fund (IMF) has granted South Africa the largest single loan of any country under its Rapid Financing Instrument […]
July 16, 2020

Low inflation points to another rate cut

15 July 2020 Inflationary pressures in the South African economy have all but disappeared, with the May consumer price index (CPI) recording a year-on-year change of […]
July 8, 2020

A tale of two growth rates

Statistics South Africa (Stats SA) should get a rap on the knuckles for creating the impression that South Africa was in recession in the first quarter […]
June 23, 2020

Sound prospects for a “V”-shaped recovery

The world finds itself at a crucial juncture in the combating of the coronavirus pandemic, namely the end of strict lockdown regulations. South Africa is no […]
June 5, 2020

Emerging market currencies bounce back

The abnormality that has besieged the world economy has been particularly evident in wildly fluctuating currency markets. One commentator at Investec recently referred to the foreign […]
June 3, 2020

No need to fear nationalisation

When a fairly senior office-bearer of the ruling political party in South Africa advocates the “collapse” of the economy via a policy of nationalisation, it is […]
May 7, 2020

Focus shifts to economic recovery

Now that a growing number of countries are starting to relax their lockdown regulations, including South Africa, it is necessary to shift the debate from quantifying […]
April 14, 2020

Early signs of capital market recovery

The history of stock market crashes in the US Between the start of the 20th Century and the end of World War 2, the US experienced […]
April 1, 2020

Light in the lockdown-tunnel

Not since the Great Depression almost a century ago have so many countries simultaneously been confronted with a so-called “black swan” event that has resulted in […]
March 20, 2020

A Time to remain calm

It is nigh impossible to reassure anyone who has felt the brunt of the fallout from the Covid-19 virus. The extent of global disruption borders on […]
March 18, 2020

Interest Rate Study

Hawkish monetary policy curtails South Africa’s GDP by R560 billion Dr Roelof Botha, Economics lecturer (part-time): GIBS, and Prof Ilse Botha, College of Business Economics, UJ […]
October 1, 2019

A toast to National Treasury!

Officials at National Treasury cannot be blamed for enjoying a profound spring feeling. September has been kind to one of the shining stars of South Africa’s […]
September 2, 2019

New Economic Growth Plan could do the trick

During the last week of August, finance minister Tito Mboweni grabbed the headlines with the release of an economic policy document that outlined National Treasury’s vision […]
August 26, 2019

Kommentaar op die kwessie van voorgeskrewe bates

Die ANC het reeds voor die verkiesing voorgestel dat oorweging geskenk word aan regulasies wat pensioenfondse sal dwing om in sekere voorgeskrewe bates te belê. Dit […]
August 7, 2019

The South African Rand

The South African Rand is often referred to as a gauge that measures how well we are doing as a country. A weaker Rand is normally […]
August 6, 2019

Emerging markets caught in dollar-crossfire

Global currency markets just cannot seem to escape from regular bouts of panic, with the first week of August proving to be a case in point. […]
July 1, 2019

Excellent start to the 2nd quarter

Judging by a raft of highly impressive economic indicators for April, the economy may be on course for a significant revival. Seven of the best are: […]
June 4, 2019

Elections & new Cabinet bode well for market reforms

Political analysts have enjoyed a field day with the interpretation of the election results, but their views were not necessarily uniform, whilst most of them failed […]
May 7, 2019

No even keel for SA’s Provinces

On the eve of the 8 May general elections for a new National Assembly and provincial legislature, it is useful to consider some key socio-economic differences […]
April 2, 2019

Three cheers for Moody’s!

More often than not, no news equates to good news. This adage was true for South Africa at the end of March, when Moody’s Investors Service […]
March 28, 2019

Moody’s Announcement – 28 March 2019Francois Botha, Chief Investment Officer of Optimum Group

On 29 March, Moody’s will publish their rating reviews of the South African sovereign credit. Investors are concerned about the impact that a downgrade may have […]
March 4, 2019

2019 Budget delivers early dividends

In a significant departure from the national budget speeches during the Zuma-era, Mr Tito Mboweni made it very clear on 20 February that higher economic growth […]
February 21, 2019

Budget Speech Summary 2019 – 21 February 2019

21 February 2019 A simplified summary to keep our clients informed Optimum’s portfolios are managed on a multi-manager approach. We engage with most asset managers in […]
February 5, 2019

Rand recovery on the back of a huge trade surplus

It is encouraging when a trend change to a key economic indicator is explained by a combination of standard theory and quantifiable data. Such is the […]
January 17, 2019

List of factors influencing the global & local investment landscape in 2018 – January 2019by Francois Botha (Chief Investment Officer of Optimum) 

2018 Turned out to be a year that most investors would want to forget. It has been 10 years since the Global Financial Crisis and our […]
January 14, 2019

Inflation on the way down

The New Year started on a good note for South African motorists, whose return trips from the summer holidays were even cheaper than when they departed […]
November 29, 2018

Monetary policy at odds with economic realities

The decision by the Reserve Bank’s Monetary Policy Committee to raise the official lending rate is devoid of logic and flies in the face of fundamental […]