Africa Economics Weekly South Africa’s DA leadership battle, AGOA is extended While the South African Democratic Alliance's change in leadership in April is unlikely to affect the stability of the Government of National Unity, there are key risks ahead including municipal... 6th February 2026 · 5 mins read
Africa Economics Update SA and the bursting of the precious metals bubble We think that the recent drop in precious metals prices has further to run, and the recent outperformance in South Africa’s financial markets has come to an end. But on the macro side, South Africa’s... 6th February 2026 · 4 mins read
Africa Economics Update Inflation backdrop to prompt more rate cuts in SSA Inflation is subdued or falling across Sub-Saharan Africa, a trend which we think has further to run over the course of 2026. Monetary stances are generally tight, which provides policymakers with... 4th February 2026 · 5 mins read
Africa Economics Weekly Mozambique’s gas project, South Africa auto tariffs Mozambique announced that construction on its Cabo Delgado gas mega-project will restart, but the billions of dollars in revenue that it will bring are some years away, keeping crisis risks high in... 30th January 2026 · 6 mins read
Emerging Markets Financial Risk Monitor EM Financial Risk Monitor (Jan. 2026) Our proprietary EM financial risk indicators show that vulnerabilities are becoming increasingly isolated, with the number of countries at “high risk” of a crisis now at multi-year lows. Sovereign... 29th January 2026 · 1 min read
Global Markets Update Rally in South African assets to run out of steam After a record-breaking year, we think the rally in South African assets will lose momentum, given that there is little scope for risk premia to compress much further and we expect precious metals... 29th January 2026 · 5 mins read
Africa Economics Update SARB’s pause should not last long The South African Reserve Bank paused its easing cycle as we expected today, but the commentary was dovish suggesting even if positive shocks to inflation do emerge the path of interest rates will... 29th January 2026 · 3 mins read
Africa Chart Pack Africa Chart Pack (Jan. 26) Sub-Saharan Africa is entering one of its best periods of growth since the 2010s, propelled by better terms of trade, low inflation and loose monetary policy. Our forecasts for most countries –... 27th January 2026 · 0 mins read
Africa Economics Weekly China-Africa loans, SARB to pause rate cuts New data this week showed Chinese lending to Africa fell again in 2024. But while lending is slowing, trade is not. And we think it's more likely that China-Africa ties deepen rather than weaken from... 23rd January 2026 · 6 mins read
Africa Economics Update South Africa’s solid growth to continue The latest batch of activity data from South Africa were soft but still pointed to the economy ending 2025 on a solid footing. Easing supply conditions, looser monetary policy and improved terms of... 21st January 2026 · 3 mins read
Africa Rapid Response South Africa Consumer Prices (Dec. 25) The rise in South Africa’s headline inflation to 3.6% y/y in December, with core inflation picking up too, suggests that the Reserve Bank will pause its easing cycle later this month. Further out... 21st January 2026 · 2 mins read
Africa Economics Weekly Angola’s aggressive rate cut, SA’s political instability Angola’s central bank cut interest rates by more than expected this week to prop up struggling growth, but growing imbalances make the kwanza vulnerable to falls which could bring this monetary easing... 16th January 2026 · 6 mins read
Africa Economics Weekly SSA economies and currencies to fare well in 2026 Zambia’s kwacha has made a bright start to the year, while the naira and rand have also posted early gains. And we expect most African currencies to fare well over the course of 2026. The risk of... 9th January 2026 · 6 mins read
Africa Economics Update South Africa: pick-up in credit growth has further to run Private sector credit growth in South Africa has accelerated and, with further monetary easing on the cards and crowding out by the government likely to wane, we think this will continue. Stronger... 7th January 2026 · 4 mins read
Africa Rapid Response South Africa Consumer Prices (Nov. 2025) The softer-than-expected South African inflation reading, of 3.5% y/y in November, and weak core inflation will give the Reserve Bank plenty of confidence that it can meet its new, lower 3% inflation... 17th December 2025 · 2 mins read
Africa Chart Pack Africa Chart Pack (Dec. '25) The macroeconomic backdrop has turned increasingly favourable and we expect Sub-Saharan Africa to enter its strongest period of growth in the coming years since the early 2010s. Our forecasts for most... 16th December 2025 · 0 mins read
