Trump effect on SA
The Citizen|July 27, 2024
Former US leader set to make changes should he win.
Ina Opperman
Trump effect on SA

It is a known fact that whatever happens in the US affects South Africa and, therefore, it is valid to ask how a Donald Trump presidency will affect the country's economy.

With so many headwinds from around the world, the South African economy is vulnerable to risk.

Jee-A van der Linde, senior economist at Oxford Economics Africa, said the main effects of a Trump presidency were anticipated to manifest in South Africa's currency.

"Our scenario modelling shows that depending on the specific outcome, the exchange rate is likely to weaken from the end of 2025 with the peak impact on inflation likely to be felt in 2026."

However, he said real gross domestic product (GDP) growth was not expected to be affected in a significant way.

Oxford Economics Africa's latest Global Risk Survey shows that businesses are increasingly focused on the potential fallout from the forthcoming US presidential election.

Van der Linde said emerging market risk sentiment had soured somewhat recently as markets assessed the impact of a potential Trump presidency.

Diese Geschichte stammt aus der July 27, 2024-Ausgabe von The Citizen.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der July 27, 2024-Ausgabe von The Citizen.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE CITIZENAlle anzeigen
CHIEFS' BIG TALENT
The Citizen

CHIEFS' BIG TALENT

The new Amakhosi head coach is showing a willingness to start trusting in younger players.

time-read
2 Minuten  |
September 16, 2024
Arsenal retain hunger
The Citizen

Arsenal retain hunger

Mikel Arteta saluted Arsenal's hunger as the gritty Gunners ignored the absence of Declan Rice and Martin Odegaard to clinch an \"ugly\" 1-0 win at bitter rivals Tottenham yesterday.

time-read
2 Minuten  |
September 16, 2024
Piastri claims a tense Baku win
The Citizen

Piastri claims a tense Baku win

Oscar Piastri claimed an impressive second victory of his burgeoning career yesterday when he drove his McLaren to a well-judged triumph ahead of Ferrari's Charles Leclerc in a tense Azerbaijan Grand Prix.

time-read
2 Minuten  |
September 16, 2024
No room for relaxing
The Citizen

No room for relaxing

Manqoba Mngqithi has issued a friendly warning to his dazzling array of Mamelodi Sundowns superstars that complacency will not be tolerated this season.

time-read
1 min  |
September 16, 2024
Austerity is wrong route
The Citizen

Austerity is wrong route

Belt-tightening means choosing not to invest in SA citizens.

time-read
2 Minuten  |
September 16, 2024
Clear case for nuclear
The Citizen

Clear case for nuclear

Scientists, not lobbyists, must lead the conversation’.

time-read
2 Minuten  |
September 16, 2024
This is how your interest rate is calculated
The Citizen

This is how your interest rate is calculated

Economists expect that the South African Reserve Bank will cut the repo rate on Thursday, giving consumers a little more breathing room when it comes to their finances.

time-read
2 Minuten  |
September 16, 2024
Saving for retirement at 50
The Citizen

Saving for retirement at 50

South Africans become financially wiser as they get older, says expert.

time-read
3 Minuten  |
September 16, 2024
Exploring the afterlife
The Citizen

Exploring the afterlife

The existential question that never bears an answer.

time-read
3 Minuten  |
September 16, 2024
Scramble to help victims of floods
The Citizen

Scramble to help victims of floods

Hundreds killed in wake of Typhoon Yagi.

time-read
2 Minuten  |
September 16, 2024