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Brief note intended as a more regular interface with our clients. The emphasis is to provide our interpretation of important economic events, such as South African Reserve Bank interest rate statements, and key data releases, including GDP growth figures.
The probability of a bad end to the Greek debt impasse has increased notably over the past week. SA’s trade links with Greece are limited, which should shield the country against a further decline in Greek GDP. The concern is rather about financial market and confidence spillovers that have the potential to weaken the rand exchange rate and depress domestic equity and bond markets.
