Michael Keenan Quotes (9 Quotes)

In the low interest rate environment globally, where there is hardly any yield, South Africa still offers value to foreign investors, with relatively low risk.

Next week is big. We've got a bit of data coming out on the local front, which will give an indication of where our inflation cycle peaked and as such more insight on the interest rate outlook.

We will remain stuck in a range ahead of a busy data week both locally and abroad. For the most part 6.06-6.14dollar is the preferred range.

If the gold price can sustain its latest surge then I think the rand will enjoy a bit of short-covering into the weekend. I would be targeting the mid-teens, around 6.13dollar.

I think it was pretty neutral from a rand perspective but he did a paint pretty optimistic outlook for the rand.

What is remarkable about this growth is that it is coming off a high base.

Bonds are looking slightly overbought. Yields have come down a long way and its hard for them to push lower. We are seeing a bit of consolidation and wait for the Americans to return,

The weaker rand is causing some of the bulls to lock in profits. It could have been worse had it not been for the slightly better-than-expected inflation numbers and the fact that oil prices have started to drift lower.

There's a lot of apprehension ahead of the Reserve Bank's monetary policy committee. Although it's widely expected interest rates will stay unchanged, guys will be looking to how at how the Reserve Bank is concerned about oil prices and consumer spending.