Annabel Bishop

Last updated on 2017-06-07T05:05+0300.

About this image

sign

Quotes... Extracted quotes from

Annabel Bishop said : “The extremely slow roll-out of vaccines means that the country will most likely not reach two-thirds immunity by year end as originally planned,” “Globally, economic recovery remains strong, as are vaccine rollouts in key economies. (But) South Africa's weak electricity supply and the weak vaccine roll-out negatively affect investor sentiment” External link

iol Thursday, June 17, 2021 9:34:00 AM EAT

Annabel Bishop wrote : “There has been a geometric expansion of new Covid-19 cases in Gauteng, and the seven-day rolling average for the country’s most productive province is now close to the peaks of the first and second waves. Load-shedding too has been negative for the currency,” External link

businessday Tuesday, June 15, 2021 9:44:00 AM EAT

Annabel Bishop said : "Should the budget fail to deliver with a sharp cutback in current expenditure, the rand is expected to weaken again and bond yields to spike back up," External link

businessday Monday, June 14, 2021 4:27:00 AM EAT

Annabel Bishop said : “Today’s GDP outcome shows particularly strong growth surprised on the upside, and could lead to growth for 2021 of around 5 percent if load shedding does not worsen,” “South Africa has seen key gains in GDP’s mining sector in the first quarter on the strong commodity prices, along with low interest rates and building materials” External link

iol Wednesday, June 9, 2021 9:33:00 AM EAT

Annabel Bishop said : “The strongly supportive global monetary policy environment is benefiting the domestic currency, as are South Africa’s interest rate differentials,” External link

iol Tuesday, June 1, 2021 11:39:00 AM EAT

Annabel Bishop said : “Nevertheless, tighter lockdown restrictions in June are likely,” “But (they) are also likely to be focused on the social side, curfews, alcohol and avoiding any severe economic impact with the economic recovery of likely 3.9 percent presently under way for the year” External link

iol Monday, May 31, 2021 9:36:00 AM EAT

Annabel Bishop said : “Absent the global commodity price boom, the rand would not be seeing the degree of strength it has experienced this year against the US dollar,” “And indeed, the second quarter looks set to record a current account surplus as well” External link

iol Tuesday, May 25, 2021 9:37:00 AM EAT

Annabel Bishop said : "Absent the global commodity price boom, the rand would not be seeing the degree of strength it has experienced this year against the U.S. dollar," External link

4-traders Monday, May 24, 2021 7:08:00 PM EAT

Annabel Bishop said : "Without base effects it would have come out at about 3.5% y/y versus March's 3.2% y/y, also driven higher by the lift in commodity (particularly fuel) prices," External link

news24 Wednesday, May 19, 2021 12:29:00 PM EAT

Annabel Bishop said : “The rand has battled to maintain its hold below the key resistance level of R14 to the dollar,” External link

iol Tuesday, May 11, 2021 1:31:00 PM EAT

Annabel Bishop said : “However, given the extreme fragility of South Africa's recovery, as many businesses and jobs have been lost, sentiment is key too,” External link

iol Friday, April 30, 2021 11:25:00 AM EAT

Annabel Bishop said : “The rand continues to benefit from the strong positive market sentiment created by improved domestic and international trade conditions in countries,” “Given the rand’s strength over April, South Africa’s exports likely continued to see a strong performance, particularly those of metals” External link

iol Wednesday, April 28, 2021 9:19:00 AM EAT

Annabel Bishop said : “The rand has seen substantial gains as commodity prices continue to gain, although there is some volatility occurring on the month in commodity prices overall, while base effects are aiding the annual ascent, along with market sentiment and some demand,” External link

businessday Thursday, April 22, 2021 9:38:00 AM EAT

Annabel Bishop said : “So far industrial production is up 0.4 percent quarter-on-quarter for the first two months of 2021, but February was a particularly strong month for the mining sector,” “Economic activity is very uneven between sectors and sub-sectors, which is to be expected as lockdown restrictions differentiated last year by sector and so there are differing levels of damage” External link

iol Wednesday, April 21, 2021 11:01:00 AM EAT

Annabel Bishop said : “Base effects are at play for currencies and emerging market assets which saw sharp disinvestment a year ago on differentiated risk perceptions, and so substantial weakening of their currencies are now seeing differentiated strength. But the rand is still an outperformer,” External link

businessday Tuesday, April 20, 2021 9:40:00 AM EAT

Annabel Bishop said : “The unemployment rate is likely to rise further as more non-economically active individuals seek to come back into the employment net before stronger economic growth in coming years then reduces it back below 30 percent,” External link

iol Wednesday, March 31, 2021 8:30:00 AM EAT

Annabel Bishop said : “Looking ahead, the leading indicator shows that the second and third quarter of 2021 will see a lift in economic growth, instead of the contraction detailed for the first quarter,” “This lift in economic growth is so far indicated to continue into the fourth quarter on the basis of today’s leading indicator outcome for January” External link

iol Wednesday, March 24, 2021 9:49:00 AM EAT

Annabel Bishop said : “There has been instead more layers of bureaucratic involvement in the regulatory environment as more task forces have been formed to ‘deal’ with regulatory reform,” “Business confidence is also weak as meaningful progress on eliminating corruption and successfully prosecuting the key figures is lacking” External link

iol Thursday, March 11, 2021 8:32:00 AM EAT

Annabel Bishop said : “We continue to believe that the domestic currency will average weaker in the second quarter of 2021, around R15.40/$, with high risks to the downside,” “That is, the rand could see markedly greater weakness than this, with the rating agencies looking for progress on fiscal consolidation” External link

iol Tuesday, March 9, 2021 8:57:00 AM EAT

Annabel Bishop said : “That is unless the full healthcare sector, both private and public, rolls out the vaccines much quicker than this, allowing for faster economic growth and the avoidance of a third, and even multiple, waves of Covid-19 infections, with multiple tightening of lockdown restrictions,” External link

iol Thursday, March 4, 2021 10:47:00 AM EAT

Annabel Bishop said : “The implications of domestic weak economic fundamentals for South Africa’s portfolio assets have reasserted in investor decisions,” “We expect the domestic currency will weaken in the second quarter of 2021, to average R15.40 to the dollar and similar in the third quarter, although the risks to the downside are high” External link

iol Tuesday, March 2, 2021 11:50:00 AM EAT

Annabel Bishop said : “The Budget outcome will exert upward pressure on the CPI with tax increases on alcohol, tobacco products and fuel,” External link

iol Monday, March 1, 2021 8:28:00 PM EAT

Annabel Bishop added : “The statistical base effect coming through from the very low CPI rate in. May 2020 will exert upwards pressure on the May 2021 outcome, with the year-on year CPI inflation rate at risk of even temporarily rising towards 5 percent on the pressure,” External link

iol Monday, March 1, 2021 8:28:00 PM EAT

Annabel Bishop said : “The Budget outcome will exert upward pressure on the CPI with tax increases on alcohol, tobacco products and fuel,” External link

iol Monday, March 1, 2021 10:08:00 AM EAT

Annabel Bishop added : “The statistical base effect coming through from the very low CPI rate in. May 2020 will exert upwards pressure on the May 2021 outcome, with the year-on year CPI inflation rate at risk of even temporarily rising towards 5 percent on the pressure,” External link

iol Monday, March 1, 2021 10:08:00 AM EAT

Annabel Bishop said : “South Africa is at risk of credit rating downgrades this year, as it is on a negative outlook from both Moody’s and Fitch, while its economic growth trajectory will likely be weak, and it has been slow in implementing reforms,” External link

iol Sunday, February 21, 2021 12:12:00 PM EAT

Annabel Bishop said : "The deep scarring the domestic economy has already experienced from the regulated shutdown of economic activity during lockdowns is likely to be persistent until 2024 in real terms, and longer if lockdown restrictions on economic activity are tightened materially this year," External link

news24 Thursday, February 11, 2021 1:52:00 PM EAT

Annabel Bishop said : “We continue to expect that the government is likely to be lenient on the tax front with little to no income tax increase and even allowing for fiscal drag, and no corporate tax increases as it prioritises economic recovery,” External link

iol Wednesday, February 10, 2021 8:31:00 AM EAT

Annabel Bishop said : “We continue to expect that the government is likely to be lenient on the tax front in just over two weeks time, with little to no income tax increase and even allowing for fiscal drag, and no corporate tax increases as it prioritises economic recovery,” “Reducing planned spending should remain the priority, and reducing planned borrowings in the face of the negative outlooks from the rating agencies” External link

iol Monday, February 8, 2021 9:41:00 AM EAT

Annabel Bishop said ( about Joseph Biden ) : “The rand is heavily supported by risk-on as Biden nears his presidency, but will remain highly volatile, with support to the domestic currency likely to wane at times when Biden's Presidency does not meet expectations, strengthening when it does,” External link

iol Thursday, January 21, 2021 9:19:00 AM EAT

Annabel Bishop said : "Aligning the civil service to the private sector from a wage change perspective is vital to allow for the space to spend on necessary items like vaccines, as opposed to luxuries such as above inflation increase in the renumeration of public servants," External link

news24 Monday, January 18, 2021 7:12:00 PM EAT

Annabel Bishop added : "At R54 a vaccine, they would need about R2.15 billion and these saving can easing be made if the civil service sees a zero percent change in renumeration in 2020 and 2021 as is appropriate in the ongoing state of emergency the country finds itself in," External link

news24 Monday, January 18, 2021 7:12:00 PM EAT

Annabel Bishop said : “The strengthening of the global recovery, along with the lift in commodity prices, will also support inflation, while the rand has pulled back from recent heavily overbought levels at the start of the year, it will likely remain volatile,” “The rand cannot be relied upon to provide much of a countervailing force to higher oil prices as the key energy commodity sees an elevated level compared to last year’s suppressed average value” External link

iol Thursday, January 14, 2021 8:29:00 AM EAT

Annabel Bishop said : “The domestic currency will remain vulnerable to volatility, both this year and further out, given the high-risk status of its portfolio assets, with South Africa showing no progress towards reducing its debt quantum, while prospects for substantially faster GDP growth are seen as muted,” External link

iol Tuesday, January 12, 2021 9:16:00 AM EAT

Annabel Bishop said : “Grave concerns still centre around corruption, which has proved opportunistically rife, while weak links in government co-ordination and delivery in the past give rise to concerns of breakdowns in the chain of delivery in South Africa of the vaccine to individuals,” External link

iol Monday, January 11, 2021 8:43:00 AM EAT

Annabel Bishop said : “The pressure on public finances increased severely further this year to cope with the stimulus needed in the face of the crisis, and there is now no room at all in the fiscus for further support without risking downgrades taking us towards the C grade categories,” External link

iol Sunday, December 13, 2020 10:58:00 AM EAT

Annabel Bishop said : “A sectoral breakdown of the GDP outcome reveals that while all sectors experienced substantial quarter-on-quarter increases, results were very uneven, with the production side performance boosted by pent up demand following the shutdown in the second quarter,” “For the full year’s growth we are looking at a contraction of between -7.5 percent to -8 percent year-on-year now” External link

iol Wednesday, December 9, 2020 8:06:00 AM EAT

Annabel Bishop said : “South Africa is likely to continue to risk disruptions from Covid-19 to its economic activities over the first half of 2021,” External link

iol Sunday, December 6, 2020 4:06:00 PM EAT

Annabel Bishop said : “The risks for the global, or domestic economic recovery, have not been eradicated …” “In South Africa, Covid-19 cases have been rising, risking recovery in tourism and hospitality activity in the key festive period, although the government is now leaning towards the sensible approach of differentiating lockdown restrictions depending on case loads in different areas” External link

iol Friday, December 4, 2020 8:39:00 AM EAT

Annabel Bishop said : “Business confidence is still depressed overall, but to a much lesser extent, and is indeed higher than at any point last year, and higher than it was in the first quarter of this year pre-Covid-19,” External link

iol Thursday, November 26, 2020 9:17:00 AM EAT

Annabel Bishop said ( about Joseph Biden ) : “Indeed, such has been the extent of risk-on in financial market sentiment from the strong lead Biden has in the US elections, that foreigners have bought a huge R7.7 billion worth of SA bonds, net of purchases this week,” External link

iol Sunday, November 8, 2020 5:50:00 PM EAT

Annabel Bishop said : “South Africa’s rising credit risk, which is reflective of increased investor concerns of a possible eventual debt default, is resulting in reduced foreign interest, with prices falling as supply balloons,” “This will likely weaken the domestic currency. The domestic currency will fail to return to its level of R14/US dollar at the start of this year as the deterioration in public finances is too vast” External link

iol Wednesday, October 28, 2020 9:44:00 AM EAT

Annabel Bishop said : “However, this will not be a solution for South Africa’s extremely high unemployment rates, nor a major revenue creator to plug the hole in government finances, nor the solution the rating agencies are looking for to repair South Africa’s government finances, which are slipping towards C grade,” External link

iol Monday, October 26, 2020 9:48:00 AM EAT

Annabel Bishop said : “The MTBPS is expected to underpin the recovery plan and so could engender a positive market response if it avoids hiking the debt projection up to a peak of 100percent, and expenditure is materially cut,” External link

iol Monday, October 19, 2020 10:25:00 AM EAT

Annabel Bishop said : “There is recognition that substantial cuts in public servants’ remuneration would have a positive rand and bond market impact,” External link

iol Thursday, October 15, 2020 9:47:00 AM EAT

Annabel Bishop said : “These reforms, if efficiently implemented, will improve the ease of doing business and so economic growth only if other regulatory blockages, complexities and onerous burdens are unlocked across the primary and secondary sectors of the economy,” External link

iol Tuesday, September 29, 2020 9:02:00 AM EAT

Annabel Bishop said : “Indeed, the South African economy is not expected to return to the level of economic activity experienced in the first quarter of 2020, absent substantial measures to invigorate and support economic activity,” “We continue to expect an expansion of 25.9 percent quarter-on-quarter in the third quarter, yielding a contraction of -12.1percent year on year” External link

iol Wednesday, September 23, 2020 5:58:00 PM EAT

Annabel Bishop said : "The positive outturn on the month in June is indicative of green shoots of recovery in the economy," External link

irishsun Tuesday, September 22, 2020 5:30:00 PM EAT

Annabel Bishop said : "The positive outturn on the month in June is indicative of green shoots of recovery in the economy," External link

news24 Tuesday, September 22, 2020 5:22:00 PM EAT

Annabel Bishop said : "A cut in the repo does however erode the differential between SA and US interest rates, which can prompt rand weakness, and the domestic currency could battle to reach R16.00/USD this month," External link

irishsun Thursday, September 17, 2020 6:46:00 PM EAT

Annabel Bishop said : "A cut in the repo does however erode the differential between SA and US interest rates, which can prompt rand weakness, and the domestic currency could battle to reach R16.00/USD this month," External link

news24 Thursday, September 17, 2020 5:35:00 PM EAT

Annabel Bishop noted : "The -51% quarter-on-quarter seasonally adjusted annualised basis refers to quarter-on-quarter growth for quarter two of 2020 that is annualised to see what the outcome for the year would be if each of the four quarters of 2020 saw the same suppressed level of economic activity that the second quarter of this year did," External link

news24 Thursday, September 10, 2020 6:53:00 PM EAT

Annabel Bishop said : “Unemployment could remain elevated in the third quarter, as well as economic activity levels will be well below those in the first quarter,” External link

iol Tuesday, September 8, 2020 9:59:00 AM EAT

Annabel Bishop said ( about Johannesburg Eskom ) : “Last year, Eskom generated operating cash flow of R36.2bn, but this year it will have been impacted by lockdown,” “The utility risks a gap in making interest and recapitalisation payments and further application to the government” External link

iol Sunday, September 6, 2020 8:23:00 AM EAT

Annabel Bishop said : “Ongoing opposition to the necessary reforms to achieve a strong, persistent economic recovery is weighing on the domestic currency,” External link

news-yahoo Monday, August 31, 2020 6:21:00 PM EAT

Annabel Bishop said : “Ongoing opposition to the necessary reforms to achieve a strong, persistent economic recovery is weighing on the domestic currency,” External link

news-yahoo Monday, August 31, 2020 5:26:00 PM EAT

Annabel Bishop said : "the largest annual collapse in GDP on record," External link

news24 Tuesday, August 25, 2020 5:36:00 PM EAT

Annabel Bishop says : “In South Africa, state subsidies to low income earners have assisted households, and many high income earners and savers have managed to subsist on savings, but the middle income band has been severely affected, with many sliding into poverty, in turn contributing to further severe weakening in economic activity as demand has reduced,” “The private sector is seeing markedly lower levels of renumeration overall this year compared to last year, while civil servants do not see this collapse, managing to avoid their salaries being reduced by and large, and instead even having agitated via unions for higher levels of renumeration despite the collapse in government’s tax revenues this year” External link

citizen Tuesday, August 4, 2020 2:23:00 PM EAT

Annabel Bishop says : "In South Africa, state subsidies to low income earners have assisted households, and many high income earners and savers have managed to subsist on savings, but the middle income band has been severely affected, with many sliding into poverty, in turn contributing to further severe weakening in economic activity as demand has reduced," "The private sector is seeing markedly lower levels of renumeration overall this year compared to last year, while civil servants do not see this collapse, managing to avoid their salaries being reduced by and large, and instead even having agitated via unions for higher levels of renumeration despite the collapse in government's tax revenues this year" External link

irishsun Monday, August 3, 2020 10:42:00 PM EAT

Annabel Bishop said : “The economic effects of the lockdown has severely lowered the ability and willingness of consumers to spend, and has resulted in many businesses closing permanently or temporarily,” “Government, business, political parties and other interest groups continue to produce plans for the economy, clearly outlined in a number of these plans, but also argued against by the others, resulting in a stalemate and so little lift in GDP prior to Covid-19” External link

iol Friday, July 31, 2020 3:21:00 PM EAT

Annabel Bishop said : “Should the SARB choose to deliver another interest rate cut this week, potentially 25 basis points, it is likely to be to lower debt-servicing costs, and so assist economic activity, instead of due specifically to May 2020’s inflation figure,” “The rand could weaken somewhat on a rate cut, but is likely to still see some support thereafter on global yield seeking” External link

iol Tuesday, July 21, 2020 10:12:00 AM EAT

Annabel Bishop said : "The current low interest levels are showing some, if nascent, signs of stimulating borrowings among corporates, and as such the moderation in debt servicing costs is enticing some activity," External link

irishsun Wednesday, July 15, 2020 12:47:00 PM EAT

Annabel Bishop said : "The current low interest levels are showing some, if nascent, signs of stimulating borrowings among corporates, and as such the moderation in debt servicing costs is enticing some activity," External link

news24 Wednesday, July 15, 2020 11:27:00 AM EAT

Annabel Bishop said : “The likelihood of a strong recovery in the third quarter has diminished, given the extreme nature of the lockdown measures and their lengthening,” “Most in the private sector will see markedly lower incomes this year compared with last year, not just due to salary or wage cuts, but also due to substantial loss of additional incomes” External link

iol Friday, June 19, 2020 3:35:00 PM EAT

Annabel Bishop added : “A second wave of Covid-19 infections around the globe is not unlikely, while infection rates have not even peaked yet in Africa,” “We forecast the rand average for the third quarter of 2020 (will be) R17 to the dollar,” External link

iol Wednesday, June 17, 2020 8:27:00 PM EAT

Annabel Bishop said : “Markets had been looking forward to a notable pick up in global demand in H2 2020, and market players had been seeking to get in early to position themselves for the return of robust economic activity after the ‘temporary’ COVID-19 halt to growth,” External link

eyewitness-news Monday, June 15, 2020 9:19:00 PM EAT

Annabel Bishop said : “The near doubling is currently estimated to push up the petrol price by R1.18 a litre in June, a likely unexpected increase for many, with many believing that oil prices, and inflation would stay low this year instead,” External link

iol Wednesday, June 3, 2020 10:07:00 AM EAT

Annabel Bishop said : “The movement in the exchange rate so far only indicates a 6cents a litre cut, in the face of a R1.22 a litre hike in the petrol price signalled by the jump in oil prices,” External link

iol Wednesday, June 3, 2020 10:07:00 AM EAT

Annabel Bishop said : “South Africa has seen a 2.25bp cut in interest rates this year, 200bp in direct response to the impact Covid-19 has had on the economy and financial markets, as the crisis deepened. The first cut, of 25bp in January, was in response to the recession SA had fallen into in the second half of last year, given that inflation was subdued into the target range close to the midpoint, and expected to remain there over the forecast period,” External link

iol Thursday, May 21, 2020 6:35:00 PM EAT

Annabel Bishop said : “Absolutely all eCommerce, all shops that can deliver goods – all manufacturing, mining, and areas of production should be open. Severe enforcement by the establishments on social distancing masks, shields is paramount for this to occur, with frequent checks from officials,” External link

iol Monday, May 18, 2020 12:28:00 PM EAT

Annabel Bishop said : “Absolutely all eCommerce, all shops that can deliver goods – all manufacturing, mining, and areas of production should be open. Severe enforcement by the establishments on social distancing masks, shields is paramount for this to occur, with frequent checks from officials,” External link

iol Sunday, May 17, 2020 12:48:00 PM EAT

Annabel Bishop said : "A GDP contraction of above 10% year-on-year for 2020 is instead now quite possible on a lengthy, severe lockdown ... as many corporates not only temporarily cease activity, but do so permanently," External link

4-traders Thursday, May 14, 2020 3:51:00 PM EAT

Annabel Bishop said : "54% of businesses surveyed by Statistics SA in the first two weeks of April already said they will cease to exist before mid-July if they cannot generate sufficient turnover," "Most businesses will have lost incomes needed to pay staff and other costs, resulting in retrenchments rising substantially and firms shutting down permanently" External link

4-traders Thursday, May 14, 2020 3:51:00 PM EAT

Annabel Bishop added : “The rand is likely to remain volatile, highly susceptible to international events,” “It is still a long way off early March levels, and further retracement will depend on a much greater subsidence in global risk levels” External link

iol Tuesday, May 12, 2020 1:36:00 PM EAT

Annabel Bishop said : “However, emerging evidence of the likelihood of a faster economic recovery than is currently expected would likely spur far greater risk-taking, and bolster commodity prices materially - should it occur,” “A quicker than anticipated advent of a globally available vaccine or treatment, particularly in combination with further policy support measures, could have a substantial impact” External link

iol Thursday, May 7, 2020 7:23:00 PM EAT

Annabel Bishop said : “I must stress that breaking the spread of Covid-19 is paramount and that the cost to South Africa would be even greater if we did not flatten the curve,” “South Africa’s credit ratings face further downgrades, and it is imperative that government spending be contained to prevent further slippage down the rating ladder, and its eventual application to the International Monetary Fund to come under its adjustment programme in order to access funding” External link

iol Wednesday, April 29, 2020 10:50:00 AM EAT

Annabel Bishop said : “Moody’s latest credit rating warning implies a credit rating downgrade will materialise,” “South Africa’s government bonds exit from the FTSE Russel WGBI at the end of April, that’s also weighing on market sentiment for the rand” External link

eyewitness-news Tuesday, April 28, 2020 11:47:00 PM EAT

Annabel Bishop said : “Finance Minister Mboweni has recently stated the aim to stabilise the public debt,” “Instead, the widening of government debt projections substantially further would increase the likelihood of additional credit rating downgrades” External link

iol Thursday, April 23, 2020 11:02:00 AM EAT

Annabel Bishop says : “The promise of structural reforms and inclusive economic growth has not been forthcoming under the new regime, despite promises over the last two years,” External link

dailymaverick Wednesday, April 22, 2020 3:47:00 AM EAT

Annabel Bishop said : "For South Africa, rand weakness means higher prices for a number of goods in the shops that are imported - including electronic equipment and some wheat products," External link

polandsun Saturday, April 4, 2020 4:27:00 PM EAT

Annabel Bishop said : "For South Africa, rand weakness means higher prices for a number of goods in the shops that are imported - including electronic equipment and some wheat products," External link

irishsun Saturday, April 4, 2020 3:13:00 PM EAT

Annabel Bishop says : “South Africa’s recession this year is expected to be greater than its recession at the time of the global financial crisis just over a decade ago,” External link

dailymaverick Friday, April 3, 2020 3:19:00 AM EAT

Annabel Bishop said : "It should be noted that there is very little certainty in the midst of a severe pandemic where many countries are requesting individuals to stay at home, a number of economies wind down to essential services and contracting GDP," External link

irishsun Monday, March 23, 2020 6:55:00 PM EAT

Annabel Bishop warned : “very close call on interest rates” External link

businessday Sunday, March 15, 2020 5:31:00 PM EAT

Annabel Bishop said : “the risk of a Moody’s downgrade at the end of the month could scupper the chance of this rate cut, given that it could push the domestic currency towards R18 [to the dollar] if the current severe risk-off environment in global financial markets persists” External link

businessday Sunday, March 15, 2020 5:31:00 PM EAT

Annabel Bishop said : “the financial market reaction is likely to be pronounced, and not merely an immaterial knee-jerk reaction” External link

businessday Sunday, March 15, 2020 5:31:00 PM EAT

Annabel Bishop said : “Loadshedding has contributed to weakening the economic growth outlook for SA, with the outlook already fragile given the impact of Covid-19 on global economic growth, and hence on demand for SA’s exports,” External link

iol Sunday, March 15, 2020 10:24:00 AM EAT

Annabel Bishop said : “superseded only by [those of] the Brazilian real” External link

businessday Monday, February 17, 2020 8:33:00 PM EAT

Annabel Bishop said : "The rand risks approaching, and exceeding, 16/$ this quarter if South Africa looks increasingly likely to see a Moody's downgrade, given that the domestic currency has already reached a low base on the back of the impact from the virus on risky assets," External link

wsau Wednesday, February 5, 2020 2:14:00 PM EAT

Annabel Bishop said : "The rand risks approaching, and exceeding, 16/$ this quarter if South Africa looks increasingly likely to see a Moody's downgrade, given that the domestic currency has already reached a low base on the back of the impact from the virus on risky assets," External link

news-yahoo Wednesday, February 5, 2020 1:21:00 PM EAT

Annabel Bishop added : "Load shedding has impacted economic growth, incomes and employment with retailers without generators experiencing stock and trading losses, reducing growth and earning potential," External link

xinhuanet_en Thursday, January 16, 2020 7:26:00 PM EAT

Annabel Bishop said : "The SARB is unlikely to cut interest rates to support growth while structural reforms remain outstanding, as the impact of rate cuts would be marginal. The SARB previously forecast GDP growth at 1.4% y/y this year, but will likely revise this to below 1%. While much of a Moody’s downgrade has been priced into SA’s financial indicators already (the next review is scheduled for 27th March) an elevation in borrowing costs is expected, as likely not all of the impact on bond yields and money market rates is priced in, particularly if a credit rating downgrade from Moody’s occurs during a period of risk-off in global financial markets, " External link

iol Thursday, January 16, 2020 4:32:00 PM EAT

Annabel Bishop says : “Lower global demand for many of these goods contributed to the drop in manufacturing production as the global trade war led by the US continues to negatively affect demand,” External link

citizen Wednesday, December 4, 2019 12:06:00 PM EAT

Annabel Bishop says : “Many are concerned that their access to private sector health care will be rescinded, along with their choice of which practitioners to use, with many emigrating as well this year,” External link

citizen Wednesday, December 4, 2019 12:06:00 PM EAT

Annabel Bishop says : “The mining sector saw platinum production drop, while six out of 10 manufacturing sectors saw production decline,” External link

citizen Wednesday, December 4, 2019 12:06:00 PM EAT

Annabel Bishop said ( about Donald Trump ) : “Any signs of US economic weakness that creep in are negative for [Donald] Trump’s election prospects and would likely speed the completion of the trade deal,” External link

businessday Monday, November 18, 2019 8:38:00 PM EAT

Annabel Bishop said : “The budget deficit forecasts are likely to widen somewhat in the near term until revenue improves on [tax] collection efficiencies,” External link

thisdayonline Thursday, October 24, 2019 7:48:00 AM EAT

Annabel Bishop said : “Restoring efficiency at the SA Revenue Service would help in terms of confidence; we need to sort out Eskom and hear what the debt rescue plan is, and plans for other SOEs,” External link

iol Wednesday, October 23, 2019 3:24:00 PM EAT

Annabel Bishop said : “The budget deficit forecasts are likely to widen somewhat in the near term until revenue improves on [tax] collection efficiencies,” External link

thezimbabwemail Tuesday, October 22, 2019 3:22:00 PM EAT

Annabel Bishop said : “We believe the rand will remain volatile, with the resolutions to the Eskom crisis, security of electricity supply and alleviating pressures on economic growth all key. SA is likely to see Moody’s Investors’ Service downgrade the country outlook to negative post the medium-term budget policy statement, signalling a credit-rating downgrade will occur unless the escalation in the debt trajectory is halted,” External link

businessday Monday, October 21, 2019 7:57:00 PM EAT

Annabel Bishop said ( about Saudi ) : “South Africa's rand terms of trade improved in August, on the trade surplus. However, South Africa's terms of trade are, on average to date, worse than in 2018,” “While August is only one month, it has seen some improvement to the trade balance, but does not yet capture the higher oil price following the recent damage to Saudi production” External link

iol Tuesday, October 1, 2019 10:54:00 AM EAT

Annabel Bishop said : "This is key as SA exports have declined as a share of world trade (global exports) as SA has lost competitiveness, with a drop in the ease of business versus a decade ago, and rising costs of doing business. The impact of the US Sino trade conflict has seen economic growth weaken in key areas SA trades with, weakening growth in SA in turn," External link

polandsun Monday, September 30, 2019 11:13:00 PM EAT

Annabel Bishop said : "This is key as SA exports have declined as a share of world trade (global exports) as SA has lost competitiveness, with a drop in the ease of business versus a decade ago, and rising costs of doing business. The impact of the US Sino trade conflict has seen economic growth weaken in key areas SA trades with, weakening growth in SA in turn," External link

irishsun Monday, September 30, 2019 11:02:00 PM EAT

Annabel Bishop said : "The consensus expectation was 4.2 percent year-on-year for both CPI inflation and core inflation," "Risks from higher food price inflation due to the poor weather conditions, particularly on global warming, are apparent for South Africa's CPI inflation outlook" External link

iol Wednesday, September 18, 2019 3:04:00 PM EAT

Annabel Bishop said : “The rand is likely to continue to remain volatile... with September a month that can see a lot of churn as market players return from summer vacations,” External link

eyewitness-news Tuesday, September 17, 2019 12:15:00 AM EAT

Annabel Bishop said : "Weakening growth in many key global areas...has led to concerns of recession, and with rates globally already at low levels historically, concerns center around leaving it too late to cut," External link

wsau Wednesday, September 4, 2019 6:32:00 PM EAT

Annabel Bishop says : “When the tide goes out, you tend to see which countries are exposed in terms of weak fundamentals,” External link

dailymaverick Thursday, August 22, 2019 1:43:00 AM EAT

Annabel Bishop said : “The last and first quarters of the calendar year usually see emerging-market currencies strengthen as many northern hemisphere market players return from vacation and riskier, higher-yielding assets typically return to favour. The rand could strengthen a substantial amount in the fourth quarter of 2019 on this seasonal effect, and in the first quarter of 2020,” External link

businessday Monday, August 19, 2019 5:33:00 PM EAT

Annabel Bishop said : "A global recession is also a key risk in a global trade war, with SA likely experiencing a severe recession too," External link

polandsun Tuesday, August 6, 2019 11:27:00 PM EAT

Annabel Bishop said : "A global recession is also a key risk in a global trade war, with SA likely experiencing a severe recession too," External link

irishsun Tuesday, August 6, 2019 11:11:00 PM EAT

Annabel Bishop said : “It has become the case in South Africa that the more moderate inflation environment has engendered lower inflation expectations, as the increase in the cost of living proves lower than in previous periods, often causing consumers to expect similar going forward, thereby entrenching lower inflation expectations,” External link

iol Thursday, July 18, 2019 10:55:00 AM EAT

Annabel Bishop said : "It has become the case in South Africa that the more moderate inflation environment has engendered lower inflation expectations, as the increase in the cost of living proves lower than in previous periods, often causing consumers to expect similar going forward, thereby entrenching lower inflation expectations," External link

iol Wednesday, July 17, 2019 3:11:00 PM EAT

Annabel Bishop said : “While the rand is likely to continue to gain from perceptions, and particularly the occurrence, of global monetary policy easing, the third quarter tends be a quarter in which financial markets often experience risk-off,” External link

iol Wednesday, July 3, 2019 9:53:00 AM EAT

Annabel Bishop said : “While the rand is likely to continue to gain from perceptions, and particularly the occurrence, of global monetary policy easing, the third quarter tends be a quarter in which financial markets often experience risk-off,” External link

eyewitness-news Tuesday, July 2, 2019 11:00:00 PM EAT

Annabel Bishop added : “In particular, fears of slowing global economic growth have impacted markets, and could limit EM currencies gain in Q3.19,” External link

eyewitness-news Tuesday, July 2, 2019 11:00:00 PM EAT

Annabel Bishop said : “South Africa lacks sufficient ease of doing business,” External link

iol Thursday, June 27, 2019 1:29:00 PM EAT

Annabel Bishop said : “Should a 25bp cut materialise in the US fed funds rate tonight, the rand would have substantial scope for imminent strength,” External link

eyewitness-news Wednesday, June 19, 2019 9:45:00 PM EAT

Annabel Bishop added : “A less dovish view than the markets anticipate could, instead, see renewed rand weakness,” External link

eyewitness-news Wednesday, June 19, 2019 9:45:00 PM EAT

Annabel Bishop said : “The de-industrialisation trend continues in South Africa, with unemployment rising alongside it, as industry is also seen to continue to face regulatory blockages and a high regulatory burden, with anecdotal evidence even of some inconsistent, and arbitrary application of these regulations,” “Many businesses continue to battle to pass on high-operating costs to financially vulnerable consumers. This has negatively impacted the desire to expand operations and lift fixed investment to expand capacity for production, among other factors” External link

iol Friday, June 14, 2019 1:37:00 PM EAT

Annabel Bishop said : “The deindustrialisation trend continues in SA, with unemployment rising alongside it, as industry is also seen to continue to face regulatory blockages and a high regulatory burden, with anecdotal evidence even of some inconsistent, and arbitrary application of these regulations,” External link

businessday Thursday, June 13, 2019 8:49:00 PM EAT

Annabel Bishop said : “Furthermore, the 2019 election aside, with a contraction in GDP likely in the first quarter, third quarter's consumer confidence could be at risk from this source. The second half of 2018 saw consumer confidence wane to 7points from 24points in the first half of 2018, influenced by the recession recorded in the first half of 2018,” External link

iol Thursday, May 30, 2019 12:54:00 PM EAT

Annabel Bishop added : "The SARB is not expected to cut its interest rates this year," External link

irishsun Sunday, May 19, 2019 3:35:00 PM EAT

Annabel Bishop said : “Absent successful reforms, the rating agency has indicated quite clearly that South Africa could instead face a loss of its investment grade dual currency sovereign long-term debt rating, to below that of its current Baa3-rated peers,” External link

iol Friday, May 17, 2019 11:08:00 AM EAT

Annabel Bishop said : “The yield on the R186 has ticked down slightly today on the interim election results, to 8.53 percent, from a close of 8.59 percent yesterday, as an ANC majority win, are regarded as likely fostering fiscal consolidation under a continued Ramaphosa led Presidency of South Africa,” “Voter support shows similar results on the interim numbers for the key political parties so far to those identified as most likely amongst the recent polls on average” External link

citizen Friday, May 10, 2019 7:14:00 PM EAT

Annabel Bishop said : “the domestic currency is possibly holding back on worries that this may not be a strong majority result, resulting in the ANC entering some coalitions, particularly in Gauteng” External link

businessday Wednesday, May 8, 2019 9:09:00 PM EAT

Annabel Bishop said : “the domestic currency is possibly holding back on worries that this may not be a strong majority result, resulting in the ANC entering some coalitions, particularly in Gauteng” External link

businessday Wednesday, May 8, 2019 7:47:00 AM EAT

Annabel Bishop said : “The first-quarter survey took place between February 13 and March 4, and was doubtless heavily influenced by the marked load shedding that occurred in that period,” “Four of the five sectors have confidence readings in the 20s, a broad-based weakness in economic activity, with businesses’ profit margins narrowing on weak demand, as many businesses battle to pass through higher operating costs to a financially vulnerable consumer” External link

iol Thursday, March 14, 2019 1:41:00 PM EAT

Annabel Bishop said : “However, what has become increasingly clear is that economic growth forecasts made at the start of the year for 2019 are at increasing risk of being downgraded,” External link

businessday Tuesday, February 26, 2019 7:14:00 PM EAT

Annabel Bishop said : “Clearly there is some communication from Moody’s that supports that an actual credit-rating downgrade may occur for SA in March, but there is a lot more communication highlighting an escalation in the risk of [a ratings downgrade] instead, which is what a drop in the rating outlook to negative from stable would imply,” External link

businessday Monday, February 25, 2019 4:16:00 PM EAT

Annabel Bishop wrote : “Emerging markets have seen strong foreign portfolio inflows in the current period of global risk-on,” External link

eyewitness-news Thursday, October 19, 2017 10:46:00 PM EAT

Annabel Bishop said : "The balance sheet position of several SOEs has deteriorated, with the risk of default rising," External link

thetimes-za Wednesday, October 26, 2016 10:42:00 AM EAT

Annabel Bishop said ( about Pravin Gordhan ) : “The market negativity was reflected by the rand, which opened the week at R14.26 (to the US dollar), R15.96 (to the euro) and R18.71 (to the pound), weakening to R14.75 (to the dollar), R16.46 (to the euro) and R19.57 (to the pound). The government’s statement on Gordhan did not soothe the rand, but some mild strength occurred late on Friday on significantly lower than expected US jobs data,” External link

iol Tuesday, September 6, 2016 8:47:00 AM EAT

Annabel Bishop said : “If the rule of law is not followed it could open a dangerous precedent. An arbitrary exercise of power would weaken South Africa’s institutional strength. However, the pursuit of an absence of corruption, constraints on government powers, justice, order and security, open government, regulatory enforcement and fundamental rights must not be sacrificed to politics,” External link

iol Tuesday, September 6, 2016 8:47:00 AM EAT

Annabel Bishop said : “It is perceptions of the future creditworthiness of a country’s finances that count for the rating agencies, and so it is the current conduct of a country’s government that is used to form judgment on this future creditworthiness,” External link

iol Tuesday, August 30, 2016 2:48:00 PM EAT

Annabel Bishop said : “It is perceptions of the future creditworthiness of a country’s finances that count for the rating agencies, and so it is the current conduct of a country’s government that is used to form judgment on this future creditworthiness,” External link

news24 Tuesday, August 30, 2016 9:52:00 AM EAT

Annabel Bishop says : "There would then not be the degree of delivery with fiscal consolidation, as required by the credit ratings agencies," External link

bdlive Tuesday, August 30, 2016 7:24:00 AM EAT

Annabel Bishop says : "There would then not be the degree of delivery with fiscal consolidation, as required by the credit ratings agencies," External link

businessday Tuesday, August 30, 2016 7:17:00 AM EAT

Annabel Bishop said : “If credit rating agencies believe that the degree of fiscal consolidation currently outlined in the budget for the next few years is at a real risk of not materialising, then it becomes very likely that South Africa’s credit rating will drop to speculative grade. A sub-investment grade credit rating, which raises the country’s cost of borrowings, would then make it likely that further credit rating downgrades could ensue” External link

iol Monday, August 29, 2016 10:01:00 AM EAT

Annabel Bishop said ( about Pravin Gordhan ) : “The past week has proved very volatile, with the rand opening at R13.45/USD, R15.20/EUR, and R17.57/GBP on the general risk-on sentiment towards EMs [emerging markets] since the latter part of May, then plummeting to R14.32/USD, R16.17/EUR, and R18.79/GBP on the unexpected news that Finance Minister Pravin Gordhan could be criminally charged,” External link

iol Saturday, August 27, 2016 12:51:00 PM EAT

Annabel Bishop said : “It is perceptions of the future creditworthiness of a country's finances that count for the rating agencies, and so it is the current conduct of a country's government that is used to form judgment on this future creditworthiness,” External link

iol Saturday, August 27, 2016 12:51:00 PM EAT

Annabel Bishop said ( about Pravin Gordhan ) : “The past week has proved very volatile, with the rand opening at R13.45/USD, R15.20/EUR, and R17.57/GBP on the general risk-on sentiment towards EMs [emerging markets] since the latter part of May, then plummeting to R14.32/USD, R16.17/EUR, and R18.79/GBP on the unexpected news that Finance Minister Pravin Gordhan could be criminally charged,” External link

iol Saturday, August 27, 2016 12:13:00 PM EAT

Annabel Bishop said : “It is perceptions of the future creditworthiness of a country's finances that count for the rating agencies, and so it is the current conduct of a country's government that is used to form judgment on this future creditworthiness,” External link

iol Saturday, August 27, 2016 12:13:00 PM EAT

Annabel Bishop said : “Food price inflation at the agricultural level has run at high, double digits this year in many of the categories” External link

bdlive Thursday, August 25, 2016 3:48:00 PM EAT

Annabel Bishop said : “Food price inflation at the agricultural level has run at high, double digits this year in many of the categories” External link

businessday Thursday, August 25, 2016 3:01:00 PM EAT

Annabel Bishop said : “June’s diesel price rose by 76c a litre,” External link

bdlive Thursday, July 28, 2016 1:36:00 PM EAT

Annabel Bishop said : “With many farmers still suffering under the drought and insufficient financial aid from government (as the budget’s contingency reserve has been eroded by previous sharp increases in civil servants’ remuneration, leaving little for drought relief this time around), food prices remain under pressure, afflicting the poor the most,” “The poor saw CPI inflation of 8.1% year on year in June, well above the headline 6.3%” External link

bdlive Wednesday, July 20, 2016 11:59:00 AM EAT

Annabel Bishop said : “The economy could just manage to avoid a recession in the first half of this year, potentially recording a small fractional positive for the second quarter instead, and 0.2 percent year on year for the year as a whole,” External link

iol Thursday, July 14, 2016 9:06:00 AM EAT

Annabel Bishop said : “In other words, buying luxury clothes, cosmetics or sports equipment, for example, instead of a new motor vehicle, although these retail sales categories are also beginning to suffer,” External link

iol Friday, June 17, 2016 9:00:00 AM EAT

Annabel Bishop says : “Our baseline still expects SA’s long-term sovereign hard-currency debt rating to be left unchanged in June at BBB- (investment grade)‚ with a negative outlook. This hawkish bent of the credit rating agency on SA’s perceived credit worthiness implies that the future rating action is still likely to be a downgrade‚ not an upgrade or stabilisation‚” External link

thetimes-za Sunday, May 29, 2016 9:26:00 PM EAT

Annabel Bishop concludes : “Unless South Africa enters the down case‚ we do not expect a sub-investment grade rating delivered this year from any of the agencies‚” “Countries without investment grade ratings have higher borrowing costs. A sub-investment grade rating would complicate SA’s fiscal consolidation. Evidence shows it takes several years to regain a lost investment grade rating‚” External link

thetimes-za Sunday, May 29, 2016 9:26:00 PM EAT

Annabel Bishop says : "Our baseline still expects SA’s long-term sovereign hard-currency debt rating to be left unchanged in June at BBB-(investment grade)‚ with a negative outlook. This hawkish bent of the credit rating agency on SA’s perceived credit worthiness implies that the future rating action is still likely to be a downgrade‚ not an upgrade or stabilisation‚" External link

bdlive Sunday, May 29, 2016 7:08:00 PM EAT

Annabel Bishop concludes : "Unless South Africa enters the down case‚ we do not expect a sub-investment grade rating delivered this year from any of the agencies‚" "Countries without investment grade ratings have higher borrowing costs. A sub-investment grade rating would complicate SA’s fiscal consolidation. Evidence shows it takes several years to regain a lost investment grade rating‚" External link

bdlive Sunday, May 29, 2016 7:08:00 PM EAT

Annabel Bishop says : "Our baseline still expects SA’s long-term sovereign hard-currency debt rating to be left unchanged in June at BBB-(investment grade)‚ with a negative outlook. This hawkish bent of the credit rating agency on SA’s perceived credit worthiness implies that the future rating action is still likely to be a downgrade‚ not an upgrade or stabilisation‚" External link

businessday Sunday, May 29, 2016 6:49:00 PM EAT

Annabel Bishop concludes : "Unless South Africa enters the down case‚ we do not expect a sub-investment grade rating delivered this year from any of the agencies‚" "Countries without investment grade ratings have higher borrowing costs. A sub-investment grade rating would complicate SA’s fiscal consolidation. Evidence shows it takes several years to regain a lost investment grade rating‚" External link

businessday Sunday, May 29, 2016 6:49:00 PM EAT

Annabel Bishop said : “The fall in the petrol price in late 2014 and early 2015 created a low base effect, without which the outcome for consumer price index inflation in the first quarter would have been closer to 6 percent year on year instead of the outcome of 6.5 percent,” External link

iol Thursday, May 19, 2016 8:51:00 AM EAT

Annabel Bishop added : “The South African Reserve Bank is expected to follow the United States of America’s monetary policy normalisation path indicated out to 2018, with the Fed hiking its interest rates potentially as early as June this year and failure to raise the interest rates would see marked rand depreciation, and higher inflation,” External link

news24 Sunday, March 15, 2015 2:41:00 PM EAT

Annabel Bishop said : “There is a lag of around three months between food prices at the producer price index [the price at the factory gate] to consumer price index level, with a lag of up to nine months between agricultural commodity prices and the impact on CPI inflation,” External link

mg Friday, February 20, 2015 1:27:00 AM EAT

Annabel Bishop said : “the global monetary policy cycle normalises and South Africa follows suit” External link

mg Friday, February 20, 2015 1:27:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
economist73.94%EN10/19/201719/10/2017
chief4.85%EN06/06/201706/06/2017
analyst1.82%EN10/31/201631/10/2016
group economist15.76%EN01/22/201522/01/2015
economist2.42%SA08/29/201429/08/2014
analyste1.21%FR09/19/201319/09/2013
Names Lang Count
Annabel BishopEN57.39%
Annabel BishopAF13.91%
Annabel BishopPT13.91%
Annabel BishopFR13.91%
Annabel BishopSA0.87%


 
Show/hide duplicate news articles.
<<10<12345678910>>>10
 
Show/hide duplicate news articles.
<<10<12345678910>>>10

Languages Collapse menu...Expand menu...

Select your languages

af
am
ar
de
en
es
fr
ha
pt
rw
sw
all
Show additional languagesHide additional languages

Interface:

Legend Collapse menu...Expand menu...


Quotes... Explore Relations


EMM Visual Explorer


AfricaBrief

Annabel Bishop

Last updated on 2017-06-07T05:05+0300.

About this image

sign

Quotes... Extracted quotes from

Annabel Bishop said : “The extremely slow roll-out of vaccines means that the country will most likely not reach two-thirds immunity by year end as originally planned,” “Globally, economic recovery remains strong, as are vaccine rollouts in key economies. (But) South Africa's weak electricity supply and the weak vaccine roll-out negatively affect investor sentiment” External link

iol Thursday, June 17, 2021 9:34:00 AM EAT

Annabel Bishop wrote : “There has been a geometric expansion of new Covid-19 cases in Gauteng, and the seven-day rolling average for the country’s most productive province is now close to the peaks of the first and second waves. Load-shedding too has been negative for the currency,” External link

businessday Tuesday, June 15, 2021 9:44:00 AM EAT

Annabel Bishop said : "Should the budget fail to deliver with a sharp cutback in current expenditure, the rand is expected to weaken again and bond yields to spike back up," External link

businessday Monday, June 14, 2021 4:27:00 AM EAT

Annabel Bishop said : “Today’s GDP outcome shows particularly strong growth surprised on the upside, and could lead to growth for 2021 of around 5 percent if load shedding does not worsen,” “South Africa has seen key gains in GDP’s mining sector in the first quarter on the strong commodity prices, along with low interest rates and building materials” External link

iol Wednesday, June 9, 2021 9:33:00 AM EAT

Annabel Bishop said : “The strongly supportive global monetary policy environment is benefiting the domestic currency, as are South Africa’s interest rate differentials,” External link

iol Tuesday, June 1, 2021 11:39:00 AM EAT

Annabel Bishop said : “Nevertheless, tighter lockdown restrictions in June are likely,” “But (they) are also likely to be focused on the social side, curfews, alcohol and avoiding any severe economic impact with the economic recovery of likely 3.9 percent presently under way for the year” External link

iol Monday, May 31, 2021 9:36:00 AM EAT

Annabel Bishop said : “Absent the global commodity price boom, the rand would not be seeing the degree of strength it has experienced this year against the US dollar,” “And indeed, the second quarter looks set to record a current account surplus as well” External link

iol Tuesday, May 25, 2021 9:37:00 AM EAT

Annabel Bishop said : "Absent the global commodity price boom, the rand would not be seeing the degree of strength it has experienced this year against the U.S. dollar," External link

4-traders Monday, May 24, 2021 7:08:00 PM EAT

Annabel Bishop said : "Without base effects it would have come out at about 3.5% y/y versus March's 3.2% y/y, also driven higher by the lift in commodity (particularly fuel) prices," External link

news24 Wednesday, May 19, 2021 12:29:00 PM EAT

Annabel Bishop said : “The rand has battled to maintain its hold below the key resistance level of R14 to the dollar,” External link

iol Tuesday, May 11, 2021 1:31:00 PM EAT

Annabel Bishop said : “However, given the extreme fragility of South Africa's recovery, as many businesses and jobs have been lost, sentiment is key too,” External link

iol Friday, April 30, 2021 11:25:00 AM EAT

Annabel Bishop said : “The rand continues to benefit from the strong positive market sentiment created by improved domestic and international trade conditions in countries,” “Given the rand’s strength over April, South Africa’s exports likely continued to see a strong performance, particularly those of metals” External link

iol Wednesday, April 28, 2021 9:19:00 AM EAT

Annabel Bishop said : “The rand has seen substantial gains as commodity prices continue to gain, although there is some volatility occurring on the month in commodity prices overall, while base effects are aiding the annual ascent, along with market sentiment and some demand,” External link

businessday Thursday, April 22, 2021 9:38:00 AM EAT

Annabel Bishop said : “So far industrial production is up 0.4 percent quarter-on-quarter for the first two months of 2021, but February was a particularly strong month for the mining sector,” “Economic activity is very uneven between sectors and sub-sectors, which is to be expected as lockdown restrictions differentiated last year by sector and so there are differing levels of damage” External link

iol Wednesday, April 21, 2021 11:01:00 AM EAT

Annabel Bishop said : “Base effects are at play for currencies and emerging market assets which saw sharp disinvestment a year ago on differentiated risk perceptions, and so substantial weakening of their currencies are now seeing differentiated strength. But the rand is still an outperformer,” External link

businessday Tuesday, April 20, 2021 9:40:00 AM EAT

Annabel Bishop said : “The unemployment rate is likely to rise further as more non-economically active individuals seek to come back into the employment net before stronger economic growth in coming years then reduces it back below 30 percent,” External link

iol Wednesday, March 31, 2021 8:30:00 AM EAT

Annabel Bishop said : “Looking ahead, the leading indicator shows that the second and third quarter of 2021 will see a lift in economic growth, instead of the contraction detailed for the first quarter,” “This lift in economic growth is so far indicated to continue into the fourth quarter on the basis of today’s leading indicator outcome for January” External link

iol Wednesday, March 24, 2021 9:49:00 AM EAT

Annabel Bishop said : “There has been instead more layers of bureaucratic involvement in the regulatory environment as more task forces have been formed to ‘deal’ with regulatory reform,” “Business confidence is also weak as meaningful progress on eliminating corruption and successfully prosecuting the key figures is lacking” External link

iol Thursday, March 11, 2021 8:32:00 AM EAT

Annabel Bishop said : “We continue to believe that the domestic currency will average weaker in the second quarter of 2021, around R15.40/$, with high risks to the downside,” “That is, the rand could see markedly greater weakness than this, with the rating agencies looking for progress on fiscal consolidation” External link

iol Tuesday, March 9, 2021 8:57:00 AM EAT

Annabel Bishop said : “That is unless the full healthcare sector, both private and public, rolls out the vaccines much quicker than this, allowing for faster economic growth and the avoidance of a third, and even multiple, waves of Covid-19 infections, with multiple tightening of lockdown restrictions,” External link

iol Thursday, March 4, 2021 10:47:00 AM EAT

Annabel Bishop said : “The implications of domestic weak economic fundamentals for South Africa’s portfolio assets have reasserted in investor decisions,” “We expect the domestic currency will weaken in the second quarter of 2021, to average R15.40 to the dollar and similar in the third quarter, although the risks to the downside are high” External link

iol Tuesday, March 2, 2021 11:50:00 AM EAT

Annabel Bishop said : “The Budget outcome will exert upward pressure on the CPI with tax increases on alcohol, tobacco products and fuel,” External link

iol Monday, March 1, 2021 8:28:00 PM EAT

Annabel Bishop added : “The statistical base effect coming through from the very low CPI rate in. May 2020 will exert upwards pressure on the May 2021 outcome, with the year-on year CPI inflation rate at risk of even temporarily rising towards 5 percent on the pressure,” External link

iol Monday, March 1, 2021 8:28:00 PM EAT

Annabel Bishop said : “The Budget outcome will exert upward pressure on the CPI with tax increases on alcohol, tobacco products and fuel,” External link

iol Monday, March 1, 2021 10:08:00 AM EAT

Annabel Bishop added : “The statistical base effect coming through from the very low CPI rate in. May 2020 will exert upwards pressure on the May 2021 outcome, with the year-on year CPI inflation rate at risk of even temporarily rising towards 5 percent on the pressure,” External link

iol Monday, March 1, 2021 10:08:00 AM EAT

Annabel Bishop said : “South Africa is at risk of credit rating downgrades this year, as it is on a negative outlook from both Moody’s and Fitch, while its economic growth trajectory will likely be weak, and it has been slow in implementing reforms,” External link

iol Sunday, February 21, 2021 12:12:00 PM EAT

Annabel Bishop said : "The deep scarring the domestic economy has already experienced from the regulated shutdown of economic activity during lockdowns is likely to be persistent until 2024 in real terms, and longer if lockdown restrictions on economic activity are tightened materially this year," External link

news24 Thursday, February 11, 2021 1:52:00 PM EAT

Annabel Bishop said : “We continue to expect that the government is likely to be lenient on the tax front with little to no income tax increase and even allowing for fiscal drag, and no corporate tax increases as it prioritises economic recovery,” External link

iol Wednesday, February 10, 2021 8:31:00 AM EAT

Annabel Bishop said : “We continue to expect that the government is likely to be lenient on the tax front in just over two weeks time, with little to no income tax increase and even allowing for fiscal drag, and no corporate tax increases as it prioritises economic recovery,” “Reducing planned spending should remain the priority, and reducing planned borrowings in the face of the negative outlooks from the rating agencies” External link

iol Monday, February 8, 2021 9:41:00 AM EAT

Annabel Bishop said ( about Joseph Biden ) : “The rand is heavily supported by risk-on as Biden nears his presidency, but will remain highly volatile, with support to the domestic currency likely to wane at times when Biden's Presidency does not meet expectations, strengthening when it does,” External link

iol Thursday, January 21, 2021 9:19:00 AM EAT

Annabel Bishop said : "Aligning the civil service to the private sector from a wage change perspective is vital to allow for the space to spend on necessary items like vaccines, as opposed to luxuries such as above inflation increase in the renumeration of public servants," External link

news24 Monday, January 18, 2021 7:12:00 PM EAT

Annabel Bishop added : "At R54 a vaccine, they would need about R2.15 billion and these saving can easing be made if the civil service sees a zero percent change in renumeration in 2020 and 2021 as is appropriate in the ongoing state of emergency the country finds itself in," External link

news24 Monday, January 18, 2021 7:12:00 PM EAT

Annabel Bishop said : “The strengthening of the global recovery, along with the lift in commodity prices, will also support inflation, while the rand has pulled back from recent heavily overbought levels at the start of the year, it will likely remain volatile,” “The rand cannot be relied upon to provide much of a countervailing force to higher oil prices as the key energy commodity sees an elevated level compared to last year’s suppressed average value” External link

iol Thursday, January 14, 2021 8:29:00 AM EAT

Annabel Bishop said : “The domestic currency will remain vulnerable to volatility, both this year and further out, given the high-risk status of its portfolio assets, with South Africa showing no progress towards reducing its debt quantum, while prospects for substantially faster GDP growth are seen as muted,” External link

iol Tuesday, January 12, 2021 9:16:00 AM EAT

Annabel Bishop said : “Grave concerns still centre around corruption, which has proved opportunistically rife, while weak links in government co-ordination and delivery in the past give rise to concerns of breakdowns in the chain of delivery in South Africa of the vaccine to individuals,” External link

iol Monday, January 11, 2021 8:43:00 AM EAT

Annabel Bishop said : “The pressure on public finances increased severely further this year to cope with the stimulus needed in the face of the crisis, and there is now no room at all in the fiscus for further support without risking downgrades taking us towards the C grade categories,” External link

iol Sunday, December 13, 2020 10:58:00 AM EAT

Annabel Bishop said : “A sectoral breakdown of the GDP outcome reveals that while all sectors experienced substantial quarter-on-quarter increases, results were very uneven, with the production side performance boosted by pent up demand following the shutdown in the second quarter,” “For the full year’s growth we are looking at a contraction of between -7.5 percent to -8 percent year-on-year now” External link

iol Wednesday, December 9, 2020 8:06:00 AM EAT

Annabel Bishop said : “South Africa is likely to continue to risk disruptions from Covid-19 to its economic activities over the first half of 2021,” External link

iol Sunday, December 6, 2020 4:06:00 PM EAT

Annabel Bishop said : “The risks for the global, or domestic economic recovery, have not been eradicated …” “In South Africa, Covid-19 cases have been rising, risking recovery in tourism and hospitality activity in the key festive period, although the government is now leaning towards the sensible approach of differentiating lockdown restrictions depending on case loads in different areas” External link

iol Friday, December 4, 2020 8:39:00 AM EAT

Annabel Bishop said : “Business confidence is still depressed overall, but to a much lesser extent, and is indeed higher than at any point last year, and higher than it was in the first quarter of this year pre-Covid-19,” External link

iol Thursday, November 26, 2020 9:17:00 AM EAT

Annabel Bishop said ( about Joseph Biden ) : “Indeed, such has been the extent of risk-on in financial market sentiment from the strong lead Biden has in the US elections, that foreigners have bought a huge R7.7 billion worth of SA bonds, net of purchases this week,” External link

iol Sunday, November 8, 2020 5:50:00 PM EAT

Annabel Bishop said : “South Africa’s rising credit risk, which is reflective of increased investor concerns of a possible eventual debt default, is resulting in reduced foreign interest, with prices falling as supply balloons,” “This will likely weaken the domestic currency. The domestic currency will fail to return to its level of R14/US dollar at the start of this year as the deterioration in public finances is too vast” External link

iol Wednesday, October 28, 2020 9:44:00 AM EAT

Annabel Bishop said : “However, this will not be a solution for South Africa’s extremely high unemployment rates, nor a major revenue creator to plug the hole in government finances, nor the solution the rating agencies are looking for to repair South Africa’s government finances, which are slipping towards C grade,” External link

iol Monday, October 26, 2020 9:48:00 AM EAT

Annabel Bishop said : “The MTBPS is expected to underpin the recovery plan and so could engender a positive market response if it avoids hiking the debt projection up to a peak of 100percent, and expenditure is materially cut,” External link

iol Monday, October 19, 2020 10:25:00 AM EAT

Annabel Bishop said : “There is recognition that substantial cuts in public servants’ remuneration would have a positive rand and bond market impact,” External link

iol Thursday, October 15, 2020 9:47:00 AM EAT

Annabel Bishop said : “These reforms, if efficiently implemented, will improve the ease of doing business and so economic growth only if other regulatory blockages, complexities and onerous burdens are unlocked across the primary and secondary sectors of the economy,” External link

iol Tuesday, September 29, 2020 9:02:00 AM EAT

Annabel Bishop said : “Indeed, the South African economy is not expected to return to the level of economic activity experienced in the first quarter of 2020, absent substantial measures to invigorate and support economic activity,” “We continue to expect an expansion of 25.9 percent quarter-on-quarter in the third quarter, yielding a contraction of -12.1percent year on year” External link

iol Wednesday, September 23, 2020 5:58:00 PM EAT

Annabel Bishop said : "The positive outturn on the month in June is indicative of green shoots of recovery in the economy," External link

irishsun Tuesday, September 22, 2020 5:30:00 PM EAT

Annabel Bishop said : "The positive outturn on the month in June is indicative of green shoots of recovery in the economy," External link

news24 Tuesday, September 22, 2020 5:22:00 PM EAT

Annabel Bishop said : "A cut in the repo does however erode the differential between SA and US interest rates, which can prompt rand weakness, and the domestic currency could battle to reach R16.00/USD this month," External link

irishsun Thursday, September 17, 2020 6:46:00 PM EAT

Annabel Bishop said : "A cut in the repo does however erode the differential between SA and US interest rates, which can prompt rand weakness, and the domestic currency could battle to reach R16.00/USD this month," External link

news24 Thursday, September 17, 2020 5:35:00 PM EAT

Annabel Bishop noted : "The -51% quarter-on-quarter seasonally adjusted annualised basis refers to quarter-on-quarter growth for quarter two of 2020 that is annualised to see what the outcome for the year would be if each of the four quarters of 2020 saw the same suppressed level of economic activity that the second quarter of this year did," External link

news24 Thursday, September 10, 2020 6:53:00 PM EAT

Annabel Bishop said : “Unemployment could remain elevated in the third quarter, as well as economic activity levels will be well below those in the first quarter,” External link

iol Tuesday, September 8, 2020 9:59:00 AM EAT

Annabel Bishop said ( about Johannesburg Eskom ) : “Last year, Eskom generated operating cash flow of R36.2bn, but this year it will have been impacted by lockdown,” “The utility risks a gap in making interest and recapitalisation payments and further application to the government” External link

iol Sunday, September 6, 2020 8:23:00 AM EAT

Annabel Bishop said : “Ongoing opposition to the necessary reforms to achieve a strong, persistent economic recovery is weighing on the domestic currency,” External link

news-yahoo Monday, August 31, 2020 6:21:00 PM EAT

Annabel Bishop said : “Ongoing opposition to the necessary reforms to achieve a strong, persistent economic recovery is weighing on the domestic currency,” External link

news-yahoo Monday, August 31, 2020 5:26:00 PM EAT

Annabel Bishop said : "the largest annual collapse in GDP on record," External link

news24 Tuesday, August 25, 2020 5:36:00 PM EAT

Annabel Bishop says : “In South Africa, state subsidies to low income earners have assisted households, and many high income earners and savers have managed to subsist on savings, but the middle income band has been severely affected, with many sliding into poverty, in turn contributing to further severe weakening in economic activity as demand has reduced,” “The private sector is seeing markedly lower levels of renumeration overall this year compared to last year, while civil servants do not see this collapse, managing to avoid their salaries being reduced by and large, and instead even having agitated via unions for higher levels of renumeration despite the collapse in government’s tax revenues this year” External link

citizen Tuesday, August 4, 2020 2:23:00 PM EAT

Annabel Bishop says : "In South Africa, state subsidies to low income earners have assisted households, and many high income earners and savers have managed to subsist on savings, but the middle income band has been severely affected, with many sliding into poverty, in turn contributing to further severe weakening in economic activity as demand has reduced," "The private sector is seeing markedly lower levels of renumeration overall this year compared to last year, while civil servants do not see this collapse, managing to avoid their salaries being reduced by and large, and instead even having agitated via unions for higher levels of renumeration despite the collapse in government's tax revenues this year" External link

irishsun Monday, August 3, 2020 10:42:00 PM EAT

Annabel Bishop said : “The economic effects of the lockdown has severely lowered the ability and willingness of consumers to spend, and has resulted in many businesses closing permanently or temporarily,” “Government, business, political parties and other interest groups continue to produce plans for the economy, clearly outlined in a number of these plans, but also argued against by the others, resulting in a stalemate and so little lift in GDP prior to Covid-19” External link

iol Friday, July 31, 2020 3:21:00 PM EAT

Annabel Bishop said : “Should the SARB choose to deliver another interest rate cut this week, potentially 25 basis points, it is likely to be to lower debt-servicing costs, and so assist economic activity, instead of due specifically to May 2020’s inflation figure,” “The rand could weaken somewhat on a rate cut, but is likely to still see some support thereafter on global yield seeking” External link

iol Tuesday, July 21, 2020 10:12:00 AM EAT

Annabel Bishop said : "The current low interest levels are showing some, if nascent, signs of stimulating borrowings among corporates, and as such the moderation in debt servicing costs is enticing some activity," External link

irishsun Wednesday, July 15, 2020 12:47:00 PM EAT

Annabel Bishop said : "The current low interest levels are showing some, if nascent, signs of stimulating borrowings among corporates, and as such the moderation in debt servicing costs is enticing some activity," External link

news24 Wednesday, July 15, 2020 11:27:00 AM EAT

Annabel Bishop said : “The likelihood of a strong recovery in the third quarter has diminished, given the extreme nature of the lockdown measures and their lengthening,” “Most in the private sector will see markedly lower incomes this year compared with last year, not just due to salary or wage cuts, but also due to substantial loss of additional incomes” External link

iol Friday, June 19, 2020 3:35:00 PM EAT

Annabel Bishop added : “A second wave of Covid-19 infections around the globe is not unlikely, while infection rates have not even peaked yet in Africa,” “We forecast the rand average for the third quarter of 2020 (will be) R17 to the dollar,” External link

iol Wednesday, June 17, 2020 8:27:00 PM EAT

Annabel Bishop said : “Markets had been looking forward to a notable pick up in global demand in H2 2020, and market players had been seeking to get in early to position themselves for the return of robust economic activity after the ‘temporary’ COVID-19 halt to growth,” External link

eyewitness-news Monday, June 15, 2020 9:19:00 PM EAT

Annabel Bishop said : “The near doubling is currently estimated to push up the petrol price by R1.18 a litre in June, a likely unexpected increase for many, with many believing that oil prices, and inflation would stay low this year instead,” External link

iol Wednesday, June 3, 2020 10:07:00 AM EAT

Annabel Bishop said : “The movement in the exchange rate so far only indicates a 6cents a litre cut, in the face of a R1.22 a litre hike in the petrol price signalled by the jump in oil prices,” External link

iol Wednesday, June 3, 2020 10:07:00 AM EAT

Annabel Bishop said : “South Africa has seen a 2.25bp cut in interest rates this year, 200bp in direct response to the impact Covid-19 has had on the economy and financial markets, as the crisis deepened. The first cut, of 25bp in January, was in response to the recession SA had fallen into in the second half of last year, given that inflation was subdued into the target range close to the midpoint, and expected to remain there over the forecast period,” External link

iol Thursday, May 21, 2020 6:35:00 PM EAT

Annabel Bishop said : “Absolutely all eCommerce, all shops that can deliver goods – all manufacturing, mining, and areas of production should be open. Severe enforcement by the establishments on social distancing masks, shields is paramount for this to occur, with frequent checks from officials,” External link

iol Monday, May 18, 2020 12:28:00 PM EAT

Annabel Bishop said : “Absolutely all eCommerce, all shops that can deliver goods – all manufacturing, mining, and areas of production should be open. Severe enforcement by the establishments on social distancing masks, shields is paramount for this to occur, with frequent checks from officials,” External link

iol Sunday, May 17, 2020 12:48:00 PM EAT

Annabel Bishop said : "A GDP contraction of above 10% year-on-year for 2020 is instead now quite possible on a lengthy, severe lockdown ... as many corporates not only temporarily cease activity, but do so permanently," External link

4-traders Thursday, May 14, 2020 3:51:00 PM EAT

Annabel Bishop said : "54% of businesses surveyed by Statistics SA in the first two weeks of April already said they will cease to exist before mid-July if they cannot generate sufficient turnover," "Most businesses will have lost incomes needed to pay staff and other costs, resulting in retrenchments rising substantially and firms shutting down permanently" External link

4-traders Thursday, May 14, 2020 3:51:00 PM EAT

Annabel Bishop added : “The rand is likely to remain volatile, highly susceptible to international events,” “It is still a long way off early March levels, and further retracement will depend on a much greater subsidence in global risk levels” External link

iol Tuesday, May 12, 2020 1:36:00 PM EAT

Annabel Bishop said : “However, emerging evidence of the likelihood of a faster economic recovery than is currently expected would likely spur far greater risk-taking, and bolster commodity prices materially - should it occur,” “A quicker than anticipated advent of a globally available vaccine or treatment, particularly in combination with further policy support measures, could have a substantial impact” External link

iol Thursday, May 7, 2020 7:23:00 PM EAT

Annabel Bishop said : “I must stress that breaking the spread of Covid-19 is paramount and that the cost to South Africa would be even greater if we did not flatten the curve,” “South Africa’s credit ratings face further downgrades, and it is imperative that government spending be contained to prevent further slippage down the rating ladder, and its eventual application to the International Monetary Fund to come under its adjustment programme in order to access funding” External link

iol Wednesday, April 29, 2020 10:50:00 AM EAT

Annabel Bishop said : “Moody’s latest credit rating warning implies a credit rating downgrade will materialise,” “South Africa’s government bonds exit from the FTSE Russel WGBI at the end of April, that’s also weighing on market sentiment for the rand” External link

eyewitness-news Tuesday, April 28, 2020 11:47:00 PM EAT

Annabel Bishop said : “Finance Minister Mboweni has recently stated the aim to stabilise the public debt,” “Instead, the widening of government debt projections substantially further would increase the likelihood of additional credit rating downgrades” External link

iol Thursday, April 23, 2020 11:02:00 AM EAT

Annabel Bishop says : “The promise of structural reforms and inclusive economic growth has not been forthcoming under the new regime, despite promises over the last two years,” External link

dailymaverick Wednesday, April 22, 2020 3:47:00 AM EAT

Annabel Bishop said : "For South Africa, rand weakness means higher prices for a number of goods in the shops that are imported - including electronic equipment and some wheat products," External link

polandsun Saturday, April 4, 2020 4:27:00 PM EAT

Annabel Bishop said : "For South Africa, rand weakness means higher prices for a number of goods in the shops that are imported - including electronic equipment and some wheat products," External link

irishsun Saturday, April 4, 2020 3:13:00 PM EAT

Annabel Bishop says : “South Africa’s recession this year is expected to be greater than its recession at the time of the global financial crisis just over a decade ago,” External link

dailymaverick Friday, April 3, 2020 3:19:00 AM EAT

Annabel Bishop said : "It should be noted that there is very little certainty in the midst of a severe pandemic where many countries are requesting individuals to stay at home, a number of economies wind down to essential services and contracting GDP," External link

irishsun Monday, March 23, 2020 6:55:00 PM EAT

Annabel Bishop warned : “very close call on interest rates” External link

businessday Sunday, March 15, 2020 5:31:00 PM EAT

Annabel Bishop said : “the risk of a Moody’s downgrade at the end of the month could scupper the chance of this rate cut, given that it could push the domestic currency towards R18 [to the dollar] if the current severe risk-off environment in global financial markets persists” External link

businessday Sunday, March 15, 2020 5:31:00 PM EAT

Annabel Bishop said : “the financial market reaction is likely to be pronounced, and not merely an immaterial knee-jerk reaction” External link

businessday Sunday, March 15, 2020 5:31:00 PM EAT

Annabel Bishop said : “Loadshedding has contributed to weakening the economic growth outlook for SA, with the outlook already fragile given the impact of Covid-19 on global economic growth, and hence on demand for SA’s exports,” External link

iol Sunday, March 15, 2020 10:24:00 AM EAT

Annabel Bishop said : “superseded only by [those of] the Brazilian real” External link

businessday Monday, February 17, 2020 8:33:00 PM EAT

Annabel Bishop said : "The rand risks approaching, and exceeding, 16/$ this quarter if South Africa looks increasingly likely to see a Moody's downgrade, given that the domestic currency has already reached a low base on the back of the impact from the virus on risky assets," External link

wsau Wednesday, February 5, 2020 2:14:00 PM EAT

Annabel Bishop said : "The rand risks approaching, and exceeding, 16/$ this quarter if South Africa looks increasingly likely to see a Moody's downgrade, given that the domestic currency has already reached a low base on the back of the impact from the virus on risky assets," External link

news-yahoo Wednesday, February 5, 2020 1:21:00 PM EAT

Annabel Bishop added : "Load shedding has impacted economic growth, incomes and employment with retailers without generators experiencing stock and trading losses, reducing growth and earning potential," External link

xinhuanet_en Thursday, January 16, 2020 7:26:00 PM EAT

Annabel Bishop said : "The SARB is unlikely to cut interest rates to support growth while structural reforms remain outstanding, as the impact of rate cuts would be marginal. The SARB previously forecast GDP growth at 1.4% y/y this year, but will likely revise this to below 1%. While much of a Moody’s downgrade has been priced into SA’s financial indicators already (the next review is scheduled for 27th March) an elevation in borrowing costs is expected, as likely not all of the impact on bond yields and money market rates is priced in, particularly if a credit rating downgrade from Moody’s occurs during a period of risk-off in global financial markets, " External link

iol Thursday, January 16, 2020 4:32:00 PM EAT

Annabel Bishop says : “Lower global demand for many of these goods contributed to the drop in manufacturing production as the global trade war led by the US continues to negatively affect demand,” External link

citizen Wednesday, December 4, 2019 12:06:00 PM EAT

Annabel Bishop says : “Many are concerned that their access to private sector health care will be rescinded, along with their choice of which practitioners to use, with many emigrating as well this year,” External link

citizen Wednesday, December 4, 2019 12:06:00 PM EAT

Annabel Bishop says : “The mining sector saw platinum production drop, while six out of 10 manufacturing sectors saw production decline,” External link

citizen Wednesday, December 4, 2019 12:06:00 PM EAT

Annabel Bishop said ( about Donald Trump ) : “Any signs of US economic weakness that creep in are negative for [Donald] Trump’s election prospects and would likely speed the completion of the trade deal,” External link

businessday Monday, November 18, 2019 8:38:00 PM EAT

Annabel Bishop said : “The budget deficit forecasts are likely to widen somewhat in the near term until revenue improves on [tax] collection efficiencies,” External link

thisdayonline Thursday, October 24, 2019 7:48:00 AM EAT

Annabel Bishop said : “Restoring efficiency at the SA Revenue Service would help in terms of confidence; we need to sort out Eskom and hear what the debt rescue plan is, and plans for other SOEs,” External link

iol Wednesday, October 23, 2019 3:24:00 PM EAT

Annabel Bishop said : “The budget deficit forecasts are likely to widen somewhat in the near term until revenue improves on [tax] collection efficiencies,” External link

thezimbabwemail Tuesday, October 22, 2019 3:22:00 PM EAT

Annabel Bishop said : “We believe the rand will remain volatile, with the resolutions to the Eskom crisis, security of electricity supply and alleviating pressures on economic growth all key. SA is likely to see Moody’s Investors’ Service downgrade the country outlook to negative post the medium-term budget policy statement, signalling a credit-rating downgrade will occur unless the escalation in the debt trajectory is halted,” External link

businessday Monday, October 21, 2019 7:57:00 PM EAT

Annabel Bishop said ( about Saudi ) : “South Africa's rand terms of trade improved in August, on the trade surplus. However, South Africa's terms of trade are, on average to date, worse than in 2018,” “While August is only one month, it has seen some improvement to the trade balance, but does not yet capture the higher oil price following the recent damage to Saudi production” External link

iol Tuesday, October 1, 2019 10:54:00 AM EAT

Annabel Bishop said : "This is key as SA exports have declined as a share of world trade (global exports) as SA has lost competitiveness, with a drop in the ease of business versus a decade ago, and rising costs of doing business. The impact of the US Sino trade conflict has seen economic growth weaken in key areas SA trades with, weakening growth in SA in turn," External link

polandsun Monday, September 30, 2019 11:13:00 PM EAT

Annabel Bishop said : "This is key as SA exports have declined as a share of world trade (global exports) as SA has lost competitiveness, with a drop in the ease of business versus a decade ago, and rising costs of doing business. The impact of the US Sino trade conflict has seen economic growth weaken in key areas SA trades with, weakening growth in SA in turn," External link

irishsun Monday, September 30, 2019 11:02:00 PM EAT

Annabel Bishop said : "The consensus expectation was 4.2 percent year-on-year for both CPI inflation and core inflation," "Risks from higher food price inflation due to the poor weather conditions, particularly on global warming, are apparent for South Africa's CPI inflation outlook" External link

iol Wednesday, September 18, 2019 3:04:00 PM EAT

Annabel Bishop said : “The rand is likely to continue to remain volatile... with September a month that can see a lot of churn as market players return from summer vacations,” External link

eyewitness-news Tuesday, September 17, 2019 12:15:00 AM EAT

Annabel Bishop said : "Weakening growth in many key global areas...has led to concerns of recession, and with rates globally already at low levels historically, concerns center around leaving it too late to cut," External link

wsau Wednesday, September 4, 2019 6:32:00 PM EAT

Annabel Bishop says : “When the tide goes out, you tend to see which countries are exposed in terms of weak fundamentals,” External link

dailymaverick Thursday, August 22, 2019 1:43:00 AM EAT

Annabel Bishop said : “The last and first quarters of the calendar year usually see emerging-market currencies strengthen as many northern hemisphere market players return from vacation and riskier, higher-yielding assets typically return to favour. The rand could strengthen a substantial amount in the fourth quarter of 2019 on this seasonal effect, and in the first quarter of 2020,” External link

businessday Monday, August 19, 2019 5:33:00 PM EAT

Annabel Bishop said : "A global recession is also a key risk in a global trade war, with SA likely experiencing a severe recession too," External link

polandsun Tuesday, August 6, 2019 11:27:00 PM EAT

Annabel Bishop said : "A global recession is also a key risk in a global trade war, with SA likely experiencing a severe recession too," External link

irishsun Tuesday, August 6, 2019 11:11:00 PM EAT

Annabel Bishop said : “It has become the case in South Africa that the more moderate inflation environment has engendered lower inflation expectations, as the increase in the cost of living proves lower than in previous periods, often causing consumers to expect similar going forward, thereby entrenching lower inflation expectations,” External link

iol Thursday, July 18, 2019 10:55:00 AM EAT

Annabel Bishop said : "It has become the case in South Africa that the more moderate inflation environment has engendered lower inflation expectations, as the increase in the cost of living proves lower than in previous periods, often causing consumers to expect similar going forward, thereby entrenching lower inflation expectations," External link

iol Wednesday, July 17, 2019 3:11:00 PM EAT

Annabel Bishop said : “While the rand is likely to continue to gain from perceptions, and particularly the occurrence, of global monetary policy easing, the third quarter tends be a quarter in which financial markets often experience risk-off,” External link

iol Wednesday, July 3, 2019 9:53:00 AM EAT

Annabel Bishop said : “While the rand is likely to continue to gain from perceptions, and particularly the occurrence, of global monetary policy easing, the third quarter tends be a quarter in which financial markets often experience risk-off,” External link

eyewitness-news Tuesday, July 2, 2019 11:00:00 PM EAT

Annabel Bishop added : “In particular, fears of slowing global economic growth have impacted markets, and could limit EM currencies gain in Q3.19,” External link

eyewitness-news Tuesday, July 2, 2019 11:00:00 PM EAT

Annabel Bishop said : “South Africa lacks sufficient ease of doing business,” External link

iol Thursday, June 27, 2019 1:29:00 PM EAT

Annabel Bishop said : “Should a 25bp cut materialise in the US fed funds rate tonight, the rand would have substantial scope for imminent strength,” External link

eyewitness-news Wednesday, June 19, 2019 9:45:00 PM EAT

Annabel Bishop added : “A less dovish view than the markets anticipate could, instead, see renewed rand weakness,” External link

eyewitness-news Wednesday, June 19, 2019 9:45:00 PM EAT

Annabel Bishop said : “The de-industrialisation trend continues in South Africa, with unemployment rising alongside it, as industry is also seen to continue to face regulatory blockages and a high regulatory burden, with anecdotal evidence even of some inconsistent, and arbitrary application of these regulations,” “Many businesses continue to battle to pass on high-operating costs to financially vulnerable consumers. This has negatively impacted the desire to expand operations and lift fixed investment to expand capacity for production, among other factors” External link

iol Friday, June 14, 2019 1:37:00 PM EAT

Annabel Bishop said : “The deindustrialisation trend continues in SA, with unemployment rising alongside it, as industry is also seen to continue to face regulatory blockages and a high regulatory burden, with anecdotal evidence even of some inconsistent, and arbitrary application of these regulations,” External link

businessday Thursday, June 13, 2019 8:49:00 PM EAT

Annabel Bishop said : “Furthermore, the 2019 election aside, with a contraction in GDP likely in the first quarter, third quarter's consumer confidence could be at risk from this source. The second half of 2018 saw consumer confidence wane to 7points from 24points in the first half of 2018, influenced by the recession recorded in the first half of 2018,” External link

iol Thursday, May 30, 2019 12:54:00 PM EAT

Annabel Bishop added : "The SARB is not expected to cut its interest rates this year," External link

irishsun Sunday, May 19, 2019 3:35:00 PM EAT

Annabel Bishop said : “Absent successful reforms, the rating agency has indicated quite clearly that South Africa could instead face a loss of its investment grade dual currency sovereign long-term debt rating, to below that of its current Baa3-rated peers,” External link

iol Friday, May 17, 2019 11:08:00 AM EAT

Annabel Bishop said : “The yield on the R186 has ticked down slightly today on the interim election results, to 8.53 percent, from a close of 8.59 percent yesterday, as an ANC majority win, are regarded as likely fostering fiscal consolidation under a continued Ramaphosa led Presidency of South Africa,” “Voter support shows similar results on the interim numbers for the key political parties so far to those identified as most likely amongst the recent polls on average” External link

citizen Friday, May 10, 2019 7:14:00 PM EAT

Annabel Bishop said : “the domestic currency is possibly holding back on worries that this may not be a strong majority result, resulting in the ANC entering some coalitions, particularly in Gauteng” External link

businessday Wednesday, May 8, 2019 9:09:00 PM EAT

Annabel Bishop said : “the domestic currency is possibly holding back on worries that this may not be a strong majority result, resulting in the ANC entering some coalitions, particularly in Gauteng” External link

businessday Wednesday, May 8, 2019 7:47:00 AM EAT

Annabel Bishop said : “The first-quarter survey took place between February 13 and March 4, and was doubtless heavily influenced by the marked load shedding that occurred in that period,” “Four of the five sectors have confidence readings in the 20s, a broad-based weakness in economic activity, with businesses’ profit margins narrowing on weak demand, as many businesses battle to pass through higher operating costs to a financially vulnerable consumer” External link

iol Thursday, March 14, 2019 1:41:00 PM EAT

Annabel Bishop said : “However, what has become increasingly clear is that economic growth forecasts made at the start of the year for 2019 are at increasing risk of being downgraded,” External link

businessday Tuesday, February 26, 2019 7:14:00 PM EAT

Annabel Bishop said : “Clearly there is some communication from Moody’s that supports that an actual credit-rating downgrade may occur for SA in March, but there is a lot more communication highlighting an escalation in the risk of [a ratings downgrade] instead, which is what a drop in the rating outlook to negative from stable would imply,” External link

businessday Monday, February 25, 2019 4:16:00 PM EAT

Annabel Bishop wrote : “Emerging markets have seen strong foreign portfolio inflows in the current period of global risk-on,” External link

eyewitness-news Thursday, October 19, 2017 10:46:00 PM EAT

Annabel Bishop said : "The balance sheet position of several SOEs has deteriorated, with the risk of default rising," External link

thetimes-za Wednesday, October 26, 2016 10:42:00 AM EAT

Annabel Bishop said ( about Pravin Gordhan ) : “The market negativity was reflected by the rand, which opened the week at R14.26 (to the US dollar), R15.96 (to the euro) and R18.71 (to the pound), weakening to R14.75 (to the dollar), R16.46 (to the euro) and R19.57 (to the pound). The government’s statement on Gordhan did not soothe the rand, but some mild strength occurred late on Friday on significantly lower than expected US jobs data,” External link

iol Tuesday, September 6, 2016 8:47:00 AM EAT

Annabel Bishop said : “If the rule of law is not followed it could open a dangerous precedent. An arbitrary exercise of power would weaken South Africa’s institutional strength. However, the pursuit of an absence of corruption, constraints on government powers, justice, order and security, open government, regulatory enforcement and fundamental rights must not be sacrificed to politics,” External link

iol Tuesday, September 6, 2016 8:47:00 AM EAT

Annabel Bishop said : “It is perceptions of the future creditworthiness of a country’s finances that count for the rating agencies, and so it is the current conduct of a country’s government that is used to form judgment on this future creditworthiness,” External link

iol Tuesday, August 30, 2016 2:48:00 PM EAT

Annabel Bishop said : “It is perceptions of the future creditworthiness of a country’s finances that count for the rating agencies, and so it is the current conduct of a country’s government that is used to form judgment on this future creditworthiness,” External link

news24 Tuesday, August 30, 2016 9:52:00 AM EAT

Annabel Bishop says : "There would then not be the degree of delivery with fiscal consolidation, as required by the credit ratings agencies," External link

bdlive Tuesday, August 30, 2016 7:24:00 AM EAT

Annabel Bishop says : "There would then not be the degree of delivery with fiscal consolidation, as required by the credit ratings agencies," External link

businessday Tuesday, August 30, 2016 7:17:00 AM EAT

Annabel Bishop said : “If credit rating agencies believe that the degree of fiscal consolidation currently outlined in the budget for the next few years is at a real risk of not materialising, then it becomes very likely that South Africa’s credit rating will drop to speculative grade. A sub-investment grade credit rating, which raises the country’s cost of borrowings, would then make it likely that further credit rating downgrades could ensue” External link

iol Monday, August 29, 2016 10:01:00 AM EAT

Annabel Bishop said ( about Pravin Gordhan ) : “The past week has proved very volatile, with the rand opening at R13.45/USD, R15.20/EUR, and R17.57/GBP on the general risk-on sentiment towards EMs [emerging markets] since the latter part of May, then plummeting to R14.32/USD, R16.17/EUR, and R18.79/GBP on the unexpected news that Finance Minister Pravin Gordhan could be criminally charged,” External link

iol Saturday, August 27, 2016 12:51:00 PM EAT

Annabel Bishop said : “It is perceptions of the future creditworthiness of a country's finances that count for the rating agencies, and so it is the current conduct of a country's government that is used to form judgment on this future creditworthiness,” External link

iol Saturday, August 27, 2016 12:51:00 PM EAT

Annabel Bishop said ( about Pravin Gordhan ) : “The past week has proved very volatile, with the rand opening at R13.45/USD, R15.20/EUR, and R17.57/GBP on the general risk-on sentiment towards EMs [emerging markets] since the latter part of May, then plummeting to R14.32/USD, R16.17/EUR, and R18.79/GBP on the unexpected news that Finance Minister Pravin Gordhan could be criminally charged,” External link

iol Saturday, August 27, 2016 12:13:00 PM EAT

Annabel Bishop said : “It is perceptions of the future creditworthiness of a country's finances that count for the rating agencies, and so it is the current conduct of a country's government that is used to form judgment on this future creditworthiness,” External link

iol Saturday, August 27, 2016 12:13:00 PM EAT

Annabel Bishop said : “Food price inflation at the agricultural level has run at high, double digits this year in many of the categories” External link

bdlive Thursday, August 25, 2016 3:48:00 PM EAT

Annabel Bishop said : “Food price inflation at the agricultural level has run at high, double digits this year in many of the categories” External link

businessday Thursday, August 25, 2016 3:01:00 PM EAT

Annabel Bishop said : “June’s diesel price rose by 76c a litre,” External link

bdlive Thursday, July 28, 2016 1:36:00 PM EAT

Annabel Bishop said : “With many farmers still suffering under the drought and insufficient financial aid from government (as the budget’s contingency reserve has been eroded by previous sharp increases in civil servants’ remuneration, leaving little for drought relief this time around), food prices remain under pressure, afflicting the poor the most,” “The poor saw CPI inflation of 8.1% year on year in June, well above the headline 6.3%” External link

bdlive Wednesday, July 20, 2016 11:59:00 AM EAT

Annabel Bishop said : “The economy could just manage to avoid a recession in the first half of this year, potentially recording a small fractional positive for the second quarter instead, and 0.2 percent year on year for the year as a whole,” External link

iol Thursday, July 14, 2016 9:06:00 AM EAT

Annabel Bishop said : “In other words, buying luxury clothes, cosmetics or sports equipment, for example, instead of a new motor vehicle, although these retail sales categories are also beginning to suffer,” External link

iol Friday, June 17, 2016 9:00:00 AM EAT

Annabel Bishop says : “Our baseline still expects SA’s long-term sovereign hard-currency debt rating to be left unchanged in June at BBB- (investment grade)‚ with a negative outlook. This hawkish bent of the credit rating agency on SA’s perceived credit worthiness implies that the future rating action is still likely to be a downgrade‚ not an upgrade or stabilisation‚” External link

thetimes-za Sunday, May 29, 2016 9:26:00 PM EAT

Annabel Bishop concludes : “Unless South Africa enters the down case‚ we do not expect a sub-investment grade rating delivered this year from any of the agencies‚” “Countries without investment grade ratings have higher borrowing costs. A sub-investment grade rating would complicate SA’s fiscal consolidation. Evidence shows it takes several years to regain a lost investment grade rating‚” External link

thetimes-za Sunday, May 29, 2016 9:26:00 PM EAT

Annabel Bishop says : "Our baseline still expects SA’s long-term sovereign hard-currency debt rating to be left unchanged in June at BBB-(investment grade)‚ with a negative outlook. This hawkish bent of the credit rating agency on SA’s perceived credit worthiness implies that the future rating action is still likely to be a downgrade‚ not an upgrade or stabilisation‚" External link

bdlive Sunday, May 29, 2016 7:08:00 PM EAT

Annabel Bishop concludes : "Unless South Africa enters the down case‚ we do not expect a sub-investment grade rating delivered this year from any of the agencies‚" "Countries without investment grade ratings have higher borrowing costs. A sub-investment grade rating would complicate SA’s fiscal consolidation. Evidence shows it takes several years to regain a lost investment grade rating‚" External link

bdlive Sunday, May 29, 2016 7:08:00 PM EAT

Annabel Bishop says : "Our baseline still expects SA’s long-term sovereign hard-currency debt rating to be left unchanged in June at BBB-(investment grade)‚ with a negative outlook. This hawkish bent of the credit rating agency on SA’s perceived credit worthiness implies that the future rating action is still likely to be a downgrade‚ not an upgrade or stabilisation‚" External link

businessday Sunday, May 29, 2016 6:49:00 PM EAT

Annabel Bishop concludes : "Unless South Africa enters the down case‚ we do not expect a sub-investment grade rating delivered this year from any of the agencies‚" "Countries without investment grade ratings have higher borrowing costs. A sub-investment grade rating would complicate SA’s fiscal consolidation. Evidence shows it takes several years to regain a lost investment grade rating‚" External link

businessday Sunday, May 29, 2016 6:49:00 PM EAT

Annabel Bishop said : “The fall in the petrol price in late 2014 and early 2015 created a low base effect, without which the outcome for consumer price index inflation in the first quarter would have been closer to 6 percent year on year instead of the outcome of 6.5 percent,” External link

iol Thursday, May 19, 2016 8:51:00 AM EAT

Annabel Bishop added : “The South African Reserve Bank is expected to follow the United States of America’s monetary policy normalisation path indicated out to 2018, with the Fed hiking its interest rates potentially as early as June this year and failure to raise the interest rates would see marked rand depreciation, and higher inflation,” External link

news24 Sunday, March 15, 2015 2:41:00 PM EAT

Annabel Bishop said : “There is a lag of around three months between food prices at the producer price index [the price at the factory gate] to consumer price index level, with a lag of up to nine months between agricultural commodity prices and the impact on CPI inflation,” External link

mg Friday, February 20, 2015 1:27:00 AM EAT

Annabel Bishop said : “the global monetary policy cycle normalises and South Africa follows suit” External link

mg Friday, February 20, 2015 1:27:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
economist73.94%EN10/19/201719/10/2017
chief4.85%EN06/06/201706/06/2017
analyst1.82%EN10/31/201631/10/2016
group economist15.76%EN01/22/201522/01/2015
economist2.42%SA08/29/201429/08/2014
analyste1.21%FR09/19/201319/09/2013
Names Lang Count
Annabel BishopEN57.39%
Annabel BishopAF13.91%
Annabel BishopPT13.91%
Annabel BishopFR13.91%
Annabel BishopSA0.87%


<<10<12345678910>>>10
<<10<12345678910>>>10

Tools

Load latest edition

Saturday, July 31, 2021

7:23:00 PM EAT


Quotes... Explore Relations


EMM Visual Explorer