The Money Show | The South African consumer has little spending power; we need rate cuts

Old Mutual Investment Group

In this podcast Portfolio Manager Peter Brooke discusses the South African market volatility and potential rate cuts. The key takeouts are:

• Market volatility driven by macroeconomic data and inflation expectations.
• Misallocation of capital in write-downs across companies.
• Cost pressure on South African companies, need rate cuts to boost consumer spending.
• Emerging market countries, including South Africa, may cut interest rates in advance of US action.

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