South Africa - Institutional
Articles by
Marie Antelme
Marie is the economist at Coronation. She is a member of the Fixed Interest team and provides input to the broader investment team. She joined Coronation in 2014 and has 24 years' experience as a market economist.
It always seems impossible until it’s done.” – former President of South Africa, Mr Nelson Rolihlahla Mandela
Last year in May, Marie covered South Africa’s water crisis, with a deep dive into the pain points and responsible agencies. This concern has not abated and has grave consequences for SA and its citizens. Our 2023 Stewardship report covers our ongoing analysis of SA’s water crisis and how our investment team is addressing it in the context of investments.
- “If you want peace, you don’t talk to your friends. You talk to your enemies.” – Archbishop Desmond Tutu
“Nothing is more obstinate than a fashionable consensus. ” - Margaret Thatcher, British Prime Minister, 1979 - 1990
“All the water that will ever be is, right now.” – National Geographic
The same, but on steroids.
Our portfolio managers unpack the burning issues impacting the investment landscape today.
“When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” – John F. Kennedy
A challenging balance between inflation and growth.
A look at rising inflation and interest rates and the tough decisions central banks need to make as remedy.
“The president can't change the country on his own. But what can he do? He can give an example.” - Volodymyr Oleksandrovych Zelenskyy; President of Ukraine
Budget delivers good news, but some assumptions may prove too optimistic
Mounting risk to the fiscal health of indebted emerging markets will require careful navigation.
“We demand rigidly defined areas of doubt and uncertainty!” – Douglas Adams, The Hitchhiker’s Guide to the Galaxy
Passing breeze or real winds of change?
Shifting growth dynamics and inflation uncertainty
Inflation – it’s time to pay attention
“The storm only comes to teach you how to skillfully sail your ship.” – Matshona Dhliwayo, author and philosopher
Good intentions and a renewed commitment to growth are not enough to make government's financial position sustainable
Post-pandemic recovery in the balance of vaccines and a return of confidence
Vulnerabilities increase the risk of longer-term damage
“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.” – Economist John Maynard Keynes
We can’t afford not doing better
“Battles are never the end of the war” – former US President James Garfield
Let us not waste another crisis
Restoring confidence is key to growth recovery
Transformative policy paper needs strong implementation
The economic cost of rent seeking
World economy balancing on regional tensions and precarious geopolitical alliances
Government’s management of the power crisis will be telling of its broader capacity for reform
The way in which financial markets respond to US rate expectations is important
“The trouble is, you think you have time.” – Gautama Buddha
Tighter financial conditions are the greatest near-term threat to global growth
It was always going to get messy
Land reform under new leadership – both risk and opportunity
South Africa’s prospects are looking better, but durable change needs vision and consensus
Cyril Ramaphosa’s ANC needs to save South Africa from economic déjà vu
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