In Simeka’s July Economic Commentary, Marcus Rautenbach comments on the volatility of the rand followed by South Africa’s stratagems in the geopolitical world. The domestic economy remained under pressure as consumers soaked up the strain of higher inflation, interest rate hikes and a weaker rand.
He anticipates improved conditions in 2024 and 2025 as interest rates decline and the global economy picks up, with the expectation of an 8% to 10% return at the halfway mark in 2023 for globally balanced solutions.