Tag: Annabel Bishop

SA economy sheds 2.2million jobs in the second quarter

Stats SA has left many people confused, with its unemployment survey stating that the unemployment rate in second quarter decreased to 23.3 per cent, from 30.1 per cent in the first quarter. The agency has warned that the numbers were not as expected, due to the adopted definitions and a smaller sample size. Joining CNBC Africa to give insight is Annabel Bishop, Chief Economist at Investec and Jeff Schultz, Senior Economist at BNP Paribas South Africa.

SARB forecasts GDP contraction of 8.2% in 2020

The South African Reserve Bank has done a considerable amount of heavy lifting. This year alone, the repo rate was cut by 300 basis points. For many, it is no surprise that the bank decided to keep the rate unchanged, in its latest MPC meeting. In addition, the Reserve Bank has changed its forecast for GDP contraction in 2020, to 8.2 per cent. Investec Chief Economist, Annabel Bishop joins CNBC Africa for more.

SA’s manufacturing production slides 16.3% y/y due COVID-19

The COVID-19 pandemic and lock-down regulations have had an extensive impact on economic activity. Stats SA reported that manufacturing production decreased by 16.3 per cent in June 2020, compared with June 2019. Annabel Bishop, Chief Economist at Investec joins CNBC Africa to give insight into the contributors, and the utilisation of manufacturing capacity in South Africa.

COVID-19: SA sees decline in formal sector jobs in first quarter of 2020

In its latest Quarterly Employment Statistics update, Stats SA has announced that formal non-farm employment decreased by 3000 in the first quarter of 2020. It is expected that the second quarter will see a plunge in employment on the pandemic’s economic fallout. Annabel Bishop, Chief Economist at Investec joins CNBC Africa for more.

SA Reserve Bank cuts repo rate by 25 basis points

As mentioned previously, the South African Reserve Bank has lowered the repo rate by 25 basis points, to 3.5 per cent. Joining CNBC Africa to look at how this further cut of interest rates means for South Africa locally and internationally are Annabel Bishop, Chief Economist at Investec and Elina Ribakova, Deputy Chief Economist at the Institute of International Finance.

#SONA: What business, investors want

President Cyril Ramaphosa’s 2020 State of the Nation Address is going to be a pivotal one with both ratings agencies, investors and the business community holding their collective breaths to see whether the President would finally implement meaningful structural reforms necessary to kick-start a stagnant economy. Joining CNBC Africa to break down these expectations is Andrew Duvenage, Managing Director, NFB Private Wealth Management and Ralph Mathekga, political analyst and Annabel Bishop, Chief Economist, Investec.

Manufacturing figures on a downward trajectory, what does this mean for the SA economy?

With South African business confidence dropping to the lowest it’s been in 34 years in 2019 and the country's manufacturing down 3.6 per cent year-on-year in November, what does this mean for the economy? Annabel Bishop, Chief Economist at Investec joins CNBC Africa for more.

Will tensions between Iran and the U.S affect SA – if so, how?

With continued tensions between the U.S and Iran, oil shoots up a further 2 per cent today, pushing Brent above $70 a barrel. How will this surge of oil prices affect South Africa and its economic position for 2020? Annabel Bishop, Chief Economist at Investec joins CNBC Africa for more.
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