Nedbank CIB’s approach to ESG innovation entails identifying areas in the economy which need to be solved for from an ESG perspective and which, if solved for, would serve to stimulate economic growth, drive shared value, and contribute to the reduction of systemic risks that may emanate from factors such as climate change. The post NCIB recognised by Global Finance Magazine for its Outstanding Innovation in ESG. appeared first on Nedbank Corporate and Investment Banking Insights ..read more

The rand may be much weaker now than a month ago, but it may not be cheap enough. At 14,50, we were better buyers of USD and although the rand has moved a lot in the past month, its weakness can extend much further. It’s too soon to get bullish on the rand. As a result, even though it is trading above our fair-value range, cyclically, we prefer to maintain a weakening bias. The post Podcast | SA FIC: Rand not cheap enough; maintain a weak bias. appeared first on Nedbank Corporate and Investment Banking Insights ..read more

With sustainability a key imperative in the real estate sector, Arvana Singh, Head of Sustainable Finance Solutions at Nedbank CIB, shared her views during a panel discussion at the 2022 SA REIT Conference. The post 2022 SA REIT Conference panel: ESG – Investment decisions and value creation appeared first on Nedbank Corporate and Investment Banking Insights ..read more

Gary Garrett, Managing Executive of Property Finance at Nedbank CIB, joined fellow industry leaders at the 2022 SA REIT Conference to share insight into this critical segment of the economy. The post 2022 SA REIT Conference panel: The path to the next normal appeared first on Nedbank Corporate and Investment Banking Insights ..read more

Like with all other COVID-19 variants, one must be mindful of the potential impact the current Omicron variant may have on local economic activity and financial markets. The past 18 months have taught us that economic conditions can change rapidly in either direction.As a result, our sector allocation remains largely unchanged from the last quarter and we maintain an overweight stance on bonds, albeit at a higher yield. The post Podcast | SA 1Q 2022: Omicron strikes a seasonal blow appeared first on Nedbank Corporate and Investment Banking Insights ..read more

We become more selective on the SA discretionary retail sector in 2022. We maintain our Overweight ratings on MRP and TFG, but downgrade PPH and WHL to Neutral. The post Podcast | SA Apparel Retail: Pick your winners selectively in 2022 appeared first on Nedbank Corporate and Investment Banking Insights ..read more

A brief summary on our monthly insights chart pack which focuses on Growth, Inflation, Monetary policy, Fixed income and Currencies. The post Podcast | Monthly insights – December 2021 appeared first on Nedbank Corporate and Investment Banking Insights ..read more

The 2022 Budget Speech will be delivered in an environment with more certainty than what we experienced in 2021. While revenue collection may surprise to the upside, expenditure pressures in the form of additional social support, and state-owned enterprises bailouts do threaten to slow down the fiscal recovery. Our Markets Research Team will review the Budget and its impact on the rand, interest rates and growth. The post Podcast | Post-Budget Speech Webinar 2022 appeared first on Nedbank Corporate and Investment Banking Insights ..read more

Rising electricity tariffs and electricity outages have for a long time been major impediments to the profitability and competitiveness of South Africa’s (SA’s) mining sector. The latest round of 20%+ Eskom tariff increases could see this get worse, and the impact could be material for the SA PGM and gold producers. Deep-level underground operations are the most exposed. Rising Eskom tariffs could make alternative electricity sources, including renewables, more economical and accelerate the shift to renewable energy sources, in our view. The post Podcast | Precious Metals: The known unknown th ..read more

The latest US inflation print may have increased doubts that South Africa can escape most of the inflationary pressures observed in the US. For one, it seems as if the FRA market believes South Africa will not be able to escape these pressures. The FRA market is currently pricing in 250 bps of hikes over the next two years, which, in our view, is consistent with inflation expectations closer to 6% by the end of next year. These inflationary pressures may arrive for South Africa, but our estimates suggest the US is unlikely to be the major source of such inflationary pressures. The post Podcast ..read more