The Money Show | The South African consumer has little spending power; we need rate cuts
In this podcast Portfolio Manager Peter Brooke discusses the South African market volatility and potential rate cuts. The key takeouts are:
- Market volatility driven by macroeconomic data and inflation expectations.
- Misallocation of capital in write-downs across companies.
- Cost pressure on South African companies, need rate cuts to boost consumer spending.
- Emerging market countries, including South Africa, may cut interest rates in advance of US action.
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