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In the News

Reviving South Africa’s Economy

October 9, 2025
South Africa faces significant economic challenges that threaten the nation’s stability and future prosperity. Over the past decade, sluggish growth, high unemployment—particularly among the youth—and infrastructure decay have become critical issues. These problems are compounded by inconsistent policies, energy shortages, and a prevailing uncertainty in the investment climate. The African National Congress (ANC) has recognised this urgency, unveiling a ten-point plan aimed at revitalising the economy. While this approach shows a concerted effort to address systemic issues, a complementary set of reforms proposed in the Alternative Economic Blueprint offers a promising pathway toward sustainable growth, job creation, and economic freedom.
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The Rand’s Journey Against the Dollar in 2025

October 2, 2025
As of October 2025, the South African Rand is trading at R17.15 against the US Dollar, a significant figure in the context of an estimated average exchange rate of R18.20 from January to September 2025. Market analyses leveraging the Purchase Power Parity (PPP) exchange rate – calculated using inflation differentials between South Africa and the US from 2020 to 2025 – indicate that the Rand remains undervalued. This disparity suggests an alignment closer to R14.30 in a conservative estimation and potentially as low as R11.30, revealing a risk premium embedded in the current forex dynamics.
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Unlocking South Africa’s Potential

September 25, 2025
South Africa’s economy recorded modest growth of just 0.8% during the second quarter of 2025, continuing a pattern of sluggish expansion that has persisted over the past decade. With the economy still struggling to break free from its constraints, serious reforms and strategic policy adjustments are essential if South Africa is to achieve sustainable growth rates significantly higher than the current 0.8% average.
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South African Reserve Bank Maintains Interest Rates Amid Global Rate Cuts

September 18, 2025
In a decision that reflects cautious optimism and a strategic approach to economic stability, the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) resolved to maintain the interest rate unchanged at 7.0% during its meeting on 18th September 2025. This decision arrives amid a backdrop of global monetary easing, notably with the US Federal Reserve and the Bank of England both opting to reduce their interest rates by 25 basis points.
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The Importance of Cryptocurrencies for Sanctioned Nations

September 17, 2025
As the global economy becomes more interconnected, countries facing economic sanctions are exploring alternative financial avenues to maintain their trade flows and economic stability. The rise of cryptocurrencies as a viable financial tool, particularly for nations like Russia under significant Western sanctions, signifies a strategic pivot in international trade dynamics. The emergence of BRICS Pay and the growing acceptance of cryptocurrencies offer new pathways for Russia and its partners within the BRICS bloc to navigate these financial challenges.
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A Surprise Upsurge

September 11, 2025
In a welcome development for South Africa’s economy, recent data revealed a surprise growth rate of 0.8% for the second quarter of 2025, surpassing market expectations set at 0.5%. This unexpected growth, concluding at the end of June, reflects a complex interplay of economic variables involving demand, supply, consumer confidence, and investment trends.
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South Africa is at risked of being SWIFTed by the banking system

August 28, 2025
The potential loss of access to the SWIFT payment system poses a profound threat to South Africa’s economy, with repercussions that could undermine both our national stability and future growth prospects. As a nation heavily reliant on international trade, the disruption or suspension of our connection to this vital global financial communications network would significantly impair our ability to conduct cross-border transactions efficiently, leading to economic isolation and heightened volatility in the value of the Rand.
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The Rand Stands Rooted

August 20, 2025
In a move that initially sent shockwaves through the South African economy, the United States announced a 30% tariff on South African-produced goods entering its market, effective from August 7. The response of the rand, South Africa’s national currency, has confounded many market analysts who predicted a prolonged period of weakness. The rand, which depreciated sharply from approximately R18.50 to R19.74 against the US dollar following the tariff announcement in early April, has since appreciated back to a range of R17.50 – R17.70 (2025/08/18). This strength, amidst such trade tensions, highlights an economy that is adjusting to shocks through market foresight and strategic resilience.
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South African Reserve Bank's Double Edged Sword

The South African Reserve Bank’s Double-Edged Sword

August 7, 2025
South Africa’s economy is intricately linked to its international trade dynamics, which significantly influence the value of the Rand (ZAR). The South African Reserve Bank (SARB) operates under a dual mandate: to protect the value of the Rand and to ensure price stability through inflation targeting. Balancing these objectives becomes increasingly complex amid volatile global trade policies, especially in light of recent developments such as the US “Trump tariffs” announced in April 2025.
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What do the 30% tariffs on SA exports mean for South Africa

August 5, 2025
As global trade dynamics shift and protectionist policies re-emerge, South Africa finds itself facing a significant economic hurdle: new 30% tariffs imposed by the United States on selected South African exports. These tariffs threaten not just the competitiveness of our goods abroad, but the stability of key domestic industries – particularly manufacturing and agriculture. With the US standing as South Africa’s third-largest trading partner and a vital destination for many of our value-added exports, this policy change could ripple across the economy, impacting trade balances, jobs, and growth. Understanding who we trade with, what we export, and why the US market is so critical paints a clearer picture of the challenges, and the potential paths forward, in this unfolding trade dispute.
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Navigating Global Headwinds with Rates likely on hold at 7.25%

SARB’s Steady Hand

July 30, 2025
As South Africa’s Monetary Policy Committee (MPC) prepares for its upcoming meeting on Thursday, 31 July, market expectations suggest that the Reserve Bank will maintain the repurchase rate at 7.25%. This stance reflects a deliberate cautiousness in the face of both domestic and international economic uncertainties, with the SARB prioritising the safeguarding of price stability and the stability of the Rand.
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Private Equity Deal Trends in 2025

Private Equity in Motion

July 23, 2025
The private equity landscape is evolving rapidly, reshaped by technological innovation, demographic shifts, and mounting pressure for sustainability. Some industries have emerged as clear beneficiaries of these forces, while others struggle to keep pace, seeing investor interest retreat.
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Navigating a Tightrope

July 21, 2025
As global trade tensions escalate, particularly with the looming imposition of a 30% tariff on South African exports to the United States, the South African Reserve Bank (SARB) finds its monetary policy options constrained. While inflation figures may appear benign—remaining within or below target levels—economic realities suggest that increasing interest rates in response to rising inflation could be both ineffective and damaging.
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From Strength to Strain

July 7, 2025
South Africa’s economic landscape is increasingly intertwined with the United States, which remains its second-largest trading partner. The bilateral trade relationship is vital not only for its market access but also for safeguarding employment, technological transfers, and investment flows. However, recent developments—particularly the impending expiration of the “Liberation Day” tariffs and potential US policy shifts—pose serious challenges that require decisive and strategic responses to avoid jeopardizing this essential partnership.
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South Africa’s Inflation and Interest Rate Outlook Amid Rand Volatility

June 30, 2025
South Africa’s economic landscape in 2025 remains delicately poised, with inflation and interest rate decisions heavily influenced by both domestic and international developments. Recent volatility in the Rand-Dollar exchange rate, driven by geopolitical tensions and domestic political uncertainty, underscores the fragile balance that the South African Reserve Bank (SARB) must maintain in its policy stance.
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The Ripple Effect of Middle Eastern Tensions on the South African Economy

June 23, 2025
In recent weeks, the geopolitical tensions simmering in the Middle East, particularly between Israel and Iran, have begun to cast a long shadow over global markets. The situation was further exacerbated by the recent US military action targeting Iranian nuclear facilities, which has sent shockwaves through international financial spheres. These developments have placed considerable pressure on South Africa’s exchange rate, contributing to the depreciation of the Rand from R17.95 to R18.14 against the US dollar as investors are increasingly wary of emerging market risks.
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The Impact of the Israel-Iran Conflict on South Africa’s Economy

June 20, 2025
The ongoing conflict between Israel and Iran in the Middle East has once again highlighted the fragility of global markets and the interconnectedness of geopolitical tensions with South Africa’s economic stability. As the conflict escalates, notable fluctuations in the rand’s exchange rate and oil prices have already begun to influence the South African economy, with potential implications that warrant careful analysis from a conservative, centre-right perspective.
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Father’s Day: The Gift of a Financial Legacy

June 12, 2025
As we celebrate Father’s Day this month, we are reminded of the significant role fathers play not only in nurturing their children but also in setting the ground for their family’s financial well-being. A meaningful legacy entails more than just memories; it encapsulates a well-thought-out financial plan that safeguards future generations. In today’s world, crafting such a legacy demands disciplined financial planning, astute budgeting, and strategic investing to ensure a secure and prosperous future for one’s descendants.
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South Africa’s Economy in 2025

June 5, 2025
Despite turbulent global conditions and internal headwinds, South Africa’s economy has demonstrated surprising resilience in early 2025. With GDP growth registering a modest 0.6% in the first quarter—considerably better than the forecasted contraction of 1.5%—the country is cautiously navigating its way through a complex landscape marked by rising international tensions, diplomatic disputes, and external economic shocks.
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Another 25-basis Point Interest Rate Cut

May 29, 2025
Recent developments have positioned South Africa’s monetary policy at a crucial juncture, amid fluctuating global economic conditions. The South Africzan Reserve Bank (SARB), by implementing a cautious 25 basis point cut, has underscored its commitment to balancing growth stimulation with price stability. This strategic move, marking the fourth-rate reduction since September 2024, reflects the Monetary Policy Committee’s (MPC) nuanced approach to navigating both domestic and international challenges.
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The Economic Landscape and the need for Strategic Adjustment

May 27, 2025
In the wake of the March 2025 Monetary Policy Committee meeting, significant global and domestic developments have reshaped South Africa’s economic landscape. Despite holding the interest rate steady earlier this year, the country now faces complex challenges, including diplomatic tensions with the United States and shifts in trade dynamics.
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Ramaphosa, Trump and the Budget 2025

May 22, 2025
As South Africa approaches the mid-year mark of 2025, it finds itself at a critical crossroads. Internal economic reforms, coupled with complex diplomatic relations, particularly with the United States, demand disciplined leadership rooted in fiscal responsibility, strategic reform, and national sovereignty. Recent developments—including the third Budget Speech and the high-stakes meeting between President Cyril Ramaphosa and U.S. President Donald Trump—highlight both the challenges and opportunities that will define South Africa’s future.
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A Conservative Framework for Stability, Growth, and Responsible Governance

May 21, 2025
South Africa’s 2025 Budget, unveiled by Minister Enoch Godongwana, signals a pragmatic and disciplined approach to navigating the country’s economic and fiscal challenges. Rooted in conservative principles from a ruling party perspective, this budget attempted to emphasise fiscal responsibility, structural reform, and targeted investments aimed at fostering sustainable growth, reducing debt, and restoring public trust. Amid global uncertainty and domestic pressures, South Africa’s government said that they are committed to a laying a resilient foundation that will try and safeguard future stability and prosperity over the medium-term framework (MTEF).
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South Africa’s Economic Outlook

May 20, 2025
South Africa stands at a crossroads where economic challenges threaten to stall progress, yet opportunities exist for a prudent, reform-based approach to steer the nation toward stability and renewed growth. Despite setbacks—including rising unemployment, sectoral contractions, and international diplomatic tensions—South Africa’s resilience and potential remain evident. The path forward requires responsible governance, targeted reforms, and a firm commitment to safeguarding strategic industries and international relationships.
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A Positive Turning Point for Global Trade and Markets

May 13, 2025
The recent negotiated agreement between the United States and China marks a significant milestone in international trade relations, providing a much-needed breather for the global economy. By agreeing to reduce tariffs for a 90-day period—U.S. tariffs cut from 145% to 30%, and Chinese tariffs from 125% to 10%—both nations have demonstrated a renewed commitment to cooperation.
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Navigating International and Domestic Winds

May 9, 2025
In a world of interconnected economies, global developments unfailingly ripple through national borders. For South Africa, recent international and domestic events offer a complex tapestry of challenges and opportunities that could shape its economic trajectory.
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Anticipated Monetary Policy Movements

May 5, 2025
As May 2025 approaches, the global economic landscape set to be shaped significantly by the upcoming interest rate decisions of the United States Federal Reserve (Fed) and domestically by South Africa’s Monetary Policy Committee (MPC) following what happens with the Fed rate in the US. Both central banks operate within interconnected financial systems and face complex domestic and international challenges. Their decisions will have profound implications not only for their respective economies but also in the US’s case, global markets, especially given the geopolitical tensions and trade dynamics currently at play.
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Aluma Capital Invests USD 5 Million in TLG Africa Growth Impact Fund II to Support SME Growth Across Africa

May 1, 2025
South African asset manager Aluma Capital has announced a USD 5 million private equity investment to the TLG Africa Growth Impact Fund II (AGIF II), a private credit fund aimed at supporting the growth and resilience of small and medium-sized enterprises (SMEs) across Africa.
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Financial Prudence in Action

April 25, 2025
On April 24, 2025, the Minister of Finance announced a significant decision that resonates positively with South African households and businesses alike: the proposed 0.5% increase in Value Added Tax (VAT) will not be implemented. This decision comes in the backdrop of mounting political and public pressure, culminating in a concerted effort by the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF), who took the Finance Ministry to the Western Cape High Court in opposition to this tax increase.
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VAT Increase Scrapped

April 24, 2025
The proposed VAT increase has been canceled, as the Minister of Finance announced last night that the 0.5% hike will not go forward due to mounting political and public pressure. This decision follows legal action from the DA and EFF, which sought to block the increase, and criticism from the Parliamentary Budget Office (PBO).
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Navigating the Economic Crosscurrents

April 22, 2025
As South Africa faces a complex interplay of international dynamics and persistent domestic challenges, the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) is confronted with the critical question of whether to adjust interest rates further downwards following the lowering of the repo rate by 25 basis-points each meeting in September 2024, November 2024 and again in January 2024. This dilemma is exacerbated by external pressures, particularly those stemming from the United States and its recent tariff policies, which add complexity to the SARB’s monetary policy landscape.
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Can Regulation Keep Up with Innovation?

April 17, 2025
In an era defined by rapid technological advancement, the arrival of global infrastructure giants like Starlink is often viewed as a leap forward for developing economies. Yet in South Africa, Starlink’s signal has gone silent. The reason? Regulatory gridlock.
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Trump-China Trade War

April 15, 2025
The ongoing trade war between the United States and China represents one of the most significant geopolitical developments in recent years, impacting bilateral trade, economic growth, and international partnerships. As both nations impose steep tariffs—145% on Chinese goods entering the U.S. and 125% on American products entering China—the situation continues to evolve, with notable implications for global trade networks, including South Africa.
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Unlocking Potential with Private Equity in South Africa

Unlocking Potential with Private Equity in South Africa

April 10, 2025
In today’s fast-evolving global economy, political developments, market trends, and national policies significantly shape investment landscapes. South Africa, like many emerging markets, faces both challenges and opportunities that demand investors take a more strategic approach. Recent developments, such as the increase in VAT, the political dynamics within the Government of National Unity (GNU), and international economic tensions, have impacted market behaviour and investor confidence.
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The Impact of Local and Global Recession on the South African Economy in 2025

April 8, 2025
As the world enters a potentially recessionary phase due to factors such as the recent tariff impositions by the Trump administration, South Africa faces an intricate web of challenges that threaten to exacerbate its already precarious economic situation. With fiscal debt soaring to approximately 75-76% of GDP and a budget deficit projected at 5%, the implications of a recession on employment, trade, and government finances are profound.
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Trump’s Tariff Tactic

April 3, 2025
In a striking escalation of trade policy, President Donald Trump has imposed a sweeping 30% blanket tariff on imports from South Africa, effective April 2. Citing what he termed “persistent and unfair trade practices,” the former president labelled South Africa one of the “worst offenders” among U.S. trading partners—a move that threatens to upend longstanding economic ties between the two nations.
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Lower Consumer Confidence

March 26, 2025
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The Ripple Effect

March 20, 2025
In a landmark development for the digital asset industry, the U.S. Securities and Exchange Commission (SEC) has formally withdrawn its appeal in the long-running legal case against Ripple Labs. This pivotal decision has far-reaching implications—not only for Ripple’s native token, XRP, but also for the broader landscape of cryptocurrency exchange-traded funds (ETFs), which are fast emerging as a bridge between traditional finance and the digital economy.
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Tax, VAT and Inflation

March 13, 2025
The South African state budget was tabled on March 12, 2025, after a month-long delay, with an increase in the VAT rate becoming a central point of contention among members of the Government of National Unity (GNU) and other parliamentary parties.
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Budget Speech 2025

March 12, 2025
Much has happened in the last twelve months as well as the last month since the postponement of the February 2025’s budget. The big talking point and “bone of contention” was the mooted 2% increase in VAT. This increase was met with fierce resistance and made “balancing the budget” quite difficult, as the government has to decide between increasing taxes of cutting expenditures, leaving the Government of National Unity (GNU) between a “rock and a hard place” as it currently stands. The increase in VAT or other taxes sprout from the various expenditure items the government announced or want to implement which among other things include the National Health Insurance (NHI), a transformation fund and continuation of the Covid-19 relief grant and the possible introduction of a Basic Income Grant (BIG).
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A Sticky Affair

March 6, 2025
The Laffer Curve is an economic theory that describes the relationship between tax rates and tax revenue. Proposed by economist Arthur Laffer, the curve suggests that there is an optimal tax rate that maximizes government revenue without discouraging productivity, investment, and economic growth. The central idea is that increasing tax rates beyond a certain threshold can lead to diminishing returns; higher taxes may disincentivize work, entrepreneurship, and investment, ultimately reducing the overall tax base.
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Rising Tensions

February 28, 2025
In recent months, diplomatic relations between South Africa and the United States have taken a troubling turn, particularly highlighted by a February 26, 2025 article in Foreign Policy. The piece, which has been criticized for its anti-U.S. sentiments, poses severe implications for the future of U.S.-South Africa relations and raises the spectre of targeted financial sanctions against South African leadership, including President Cyril Ramaphosa and influential figures within the African National Congress (ANC).
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Economic Overview

February 18, 2025
Significant developments have transpired since January 2025. The United States has elected a new administration, with Donald Trump returning to the White House. His administration is quickly implementing a series of executive orders that impact various areas, including politics, economics, and the release of classified documents related to JFK, RFK, and Martin Luther King Jr. Trump has emphasized the importance of oil as a vital asset within the U.S. framework, prioritising oil exploration and drilling to enhance energy independence.
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Cargo ship transporting export containers, symbolizing South Africa US trade relations

South Africa’s Trade Relations with the United States

February 14, 2025
South Africa has long enjoyed a dynamic trade relationship with the United States, characterised by mutual benefits and significant economic exchanges. The trade landscape is defined by a range of exports and imports that reflect the strength and diversity of both economies. In this article, we explore the specific products and services traded between South Africa and the US, the implications of the African Growth and Opportunity Act (AGOA), and the potential impact of changes to this pivotal agreement.
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Predictions on the Budget Speech 2025

February 13, 2025
Much has happened in the last twelve months that will make the February 2025’s budget one of the most important budget statements in a very long time. This will be the 1st budget of the formation of the Government of National Unity (GNU) after the general elections in May of 2024. This will also be a budget in the midst of an international diplomatic spat between Pretoria and Washington and suspension of US aid to South Africa with regards to the President’s Emergency Plan for Aids Relief (PEPFAR) program.
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Love your finances, a Valentine's approach to Financial Well Being | Aluma Capital (pty) Ltd

Loving Your Finances

February 11, 2025
As February ushers in the month of love, it presents an excellent opportunity to extend that affection to our finances. Just as relationships thrive on care and attention, so too do our financial well-being and security. By cultivating healthy financial habits, we can set the foundation for long-term wealth and prosperity.
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Review of the State of the Nation Address 2025

Review of the State of the Nation 2025

February 7, 2025
President Ramaphosa’s State of The Nation address was yet again filled with promises of reforms, growth and employment promises, nothing that the South African citizens have not heard before. Same old “stories” in different wrapping paper, and like Hillary Clinton once famously said “this was the biggest nothing-burger ever”.
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Sona 2025 Predictions | Aluma Capital (Pty) Ltd

State of the Nation 2025

February 6, 2025
Recent events have captured the attention of South Africa’s public and political landscape, particularly following President Donald Trump’s announcement to suspend U.S. aid to South Africa. This decision came after President Ramaphosa signed the contentious Expropriation Without Compensation (EWC) Bill into law, provoking strong reactions both locally and internationally.
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South Africa, Trump and the EWC | Aluma Capital (Pty) Ltd

South Africa, Trump and the EWC

February 4, 2025
January 2025 came with some uncertainty when contentious bills were signed into law by President Ramaphosa. These bills were the now Bela Act and the Expropriation Without Compensation (EWC) Act, with the latter having had some serious international concerns, and in particular the US, where President Trump didn’t mince his words regarding his administration’s view on the current development and “constitutional amendment” that was pushed through by the ANC led government without proper consultation process with the Government of National Unity (GNU) partners.
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Economic Outlook | Aluma Capital (Pty) Ltd

Economic Outlook for South Africa in 2025

January 27, 2025
As 2025 begins, South Africa finds itself in a phase of renewed productivity, building on the momentum from 2024. However, the new year brings fresh challenges that the nation must address to foster economic growth and attract new investment in the short to medium term.
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Donald Trump Implementation of System | Aluma Capital (Pty) Ltd

Highlights of Trump’s 2025 Inauguration Speech

January 21, 2025
On January 20, 2025, Donald J. Trump was inaugurated for a second term as the 47th President of the United States. His inauguration speech articulated a vision for America that resonated with citizens seeking strong leadership and economic growth.
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Financial Resolutions | Aluma Capital (Pty) Ltd

Financial New Year’s Resolutions for a Prosperous 2025

December 19, 2024
As the New Year approaches, many people take the opportunity to reflect on their lives and set resolutions for the future. This year, consider making financial resolutions that can lead to lasting improvements in your financial health. By focusing on budgeting, saving, and investing wisely, you can set yourself on the path to achieving your financial goals in 2025 and beyond. Let us look at a five-step plan to achieve a financial prosperous 2025.
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Reflections 2024 | Aluma Capital (Pty) Ltd

Challenges, Changes, and New Horizons

December 12, 2024
To reflect on 2024, what a remarkable year it has been! There were significant developments both locally and globally—not just economically but politically as well. We can all agree, “what a year it has been!”
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Black Friday Cart | Aluma Capital (Pty) Ltd

The Impact of Black Friday on the South African Economy

November 21, 2024
Black Friday has rapidly become a significant shopping event in South Africa, boosting both retail and wholesale trade sales. Although consumer demand faced pressure in 2024 due to rising costs, the anticipated 25 basis point interest rate cut may enhance spending capacity. This increase in consumer spending creates a ripple effect, stimulating production and potential job creation. Black Friday not only improves economic activity but also raises tax revenues, benefiting public services. However, consumers should remain cautious of accumulating debt. Overall, Black Friday plays a crucial role in driving economic growth in South Africa.
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Trump Administration Blog Image

The Trump Administration

November 19, 2024
The landslide victory and re-election of former President Trump has already led to some interesting appointments in his upcoming administration. There was plenty of speculation about “who would make the cut,” but after several high-profile endorsements, it became clear who had the ear of the President-Elect as advisors.
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Market Resilience Trump | Aluma Capital (Pty) Ltd

Investment Resilience

November 12, 2024
The landscape of international stock markets and cryptocurrencies has witnessed significant movement and resilience since Donald Trump’s re-election on November 6, 2024. This electoral outcome has injected a renewed sense of optimism among investors, influenced by expected continuities in pro-business policies, tax reforms, and regulatory frameworks that foster growth and innovation.
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Kamilla Harris | Aluma Capital (Pty) Ltd

The Implications of Kamala Harris’s Tax Plan

November 4, 2024
As the United States approaches the 2024 presidential election, Vice President Kamala Harris’s tax plan has sparked significant debate across political and economic spheres. Central to her proposal is the controversial initiative to tax unrealized gains. While intended to address income inequality and bolster revenue from wealthier individuals, this proposal poses serious risks to financial markets, liquidity, and the broader economy. Understanding these implications is essential, as they could undermine capital accumulation and stifle business expansion.
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Donald Trump and Kamilla Harris

The Implications of U.S. Presidential Elections

October 28, 2024
As the 2024 U.S. presidential election approaches, the possibility of Donald Trump returning to the White House or Kamala Harris securing victory raises important questions about the implications for South Africa. Each candidate presents both opportunities and challenges that could significantly impact the South African economy and its trade relations under the African Growth and Opportunity Act (AGOA).
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Gold Bitcoin | Aluma Capital (Pty) Ltd

The Rise of Cryptocurrencies: Opportunities, Challenges, and the South African Context

October 21, 2024
In recent years, cryptocurrencies have transformed the financial landscape, capturing the attention of investors and consumers alike. As younger generations increasingly turn to digital currencies like Bitcoin and Ethereum, alternative investments are becoming more appealing. This growth is not without challenges, including risks associated with nefarious uses and regulatory hurdles.
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People at their Businesses | Aluma Capital (Pty) Ltd

Small and Medium Enterprises: The Lifeblood of the South African Economy

October 14, 2024
Small and medium enterprises (SMEs) are often heralded as the backbone and lifeblood of the South African economy. With a significant contribution to job creation, economic growth, and innovation, SMEs play a vital role in shaping the country’s economic landscape.
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Embrace Alternative Investments Blog Post Image | Aluma Capital (Pty) Ltd

Embracing Alternative Investments

October 7, 2024
As the investment landscape evolves, the younger generation is increasingly turning to alternative investments, moving beyond traditional asset classes like stocks and bonds. This shift is driven by a desire for diversification, higher potential returns, and innovative investment opportunities that align with their values. But what exactly are alternative investments, and why are they gaining traction among young investors in specific?
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Business Partnerships Program | Aluma Capital (Pty) Ltd

The Economic Outlook

October 4, 2024
As we approach the end of the year, the South African economy appears to be on an upward trajectory, with newfound optimism following the elections in May 2024. Economic growth exceeded expectations in the second quarter, although challenges remain that could affect performance in the medium term. The South African government is acutely aware of these obstacles and is committed to addressing them swiftly.
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Interest Rate Basis Point Decrease | Aluma Capital (Pty) Ltd

An Expected 25 Basis Point Interest Rate Cut

September 19, 2024
In response to shifting economic conditions, the South African Reserve Bank has announced a 25-basis point reduction in interest rates. This decision reflects lower inflation expectations and aims to stimulate growth amid persistent economic challenges. With consumer confidence rising and a more stable electricity supply on the horizon, the MPC is optimistic about fostering a recovery in the latter part of 2024. However, ongoing concerns about consumer indebtedness and inflationary pressures remain critical considerations for future policy.
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Percentage Drop Arrow | Aluma Capital (Pty) Ltd

Interest Rates

September 19, 2024
Today we are expecting a drop in the Interest Rate based on the international developments and what is happening in other emerging markets. Providing a potential drop of 25 basis points, or more.
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Plants Growing on Money | Aluma Capital (Pty) Ltd

Retirement funds and the Two-Pot system

September 12, 2024
The two-pot retirement system has garnered significant attention from commentators and market analysts regarding its impact on fund flows and the reasons behind its introduction by the government. According to the National Treasury, many South Africans are not saving enough for a comfortable retirement.
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Donald Trump and Kamilla Harris

Trump vs Harris debate – What we’ve learned

September 11, 2024
The debate featured tense exchanges as both candidates aggressively challenged each other on various hot topics. Key issues included inflation and whether U.S. citizens are better off than they were four years ago, particularly in light of rising energy costs. Former President Trump pressed Vice President Harris on her stance regarding energy and fracking, highlighting her continued support for a ban on fracking in the U.S. Inflationary fears persist, with many consumers feeling worse off than before. Advocates argue that energy independence could help reduce gas prices and lower inflation.
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Economic Performance Statistics | Aluma Capital (Pty) Ltd

South African Economic Performance

September 5, 2024
The South African economy avoided a technical recession by expanding 0.4% quarter-on-quarter in the second quarter of 2024. This growth was slightly above the 0.3% anticipated by most market analysts.
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Xago Financial Institution | Aluma Capital (Pty) Ltd

Aluma Expands Its Horizons with XAGO

September 4, 2024
Aluma Capital’s Private Equity team is pleased to announce its latest investment, a strategic acquisition of a stake in XAGO Technologies.
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International Trade | Aluma Capital (Pty) Ltd

International Trade and Trade Balance

September 4, 2024
International trade measures South Africa’s demand for foreign goods and services against the demand for domestically manufactured products internationally.
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Private Sector Credit Extension Report | Aluma Capital (Pty) Ltd

Private Sector Credit Extension (PSCE)

August 30, 2024
Credit demand remains under pressure as high interest rates still weigh on consumers and businesses decision to borrow more. With lower inflation levels recorded in both producer and consumer inflation hopefully the Reserve Bank will start an interest rate lowering cycle to aid a struggling South African economy that has been stagnant for the couple of years.
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Charts Of Budget Data | Aluma Capital (Pty) Ltd

Interest Rate Prediction

August 27, 2024
The inflation rate has decreased significantly in the first half of 2024, dropping from 7.3% in July 2022 to 4.7% in July 2024. This decline is due to higher interest rates, rising consumer debt, and reduced overall demand, which have put downward pressure on prices throughout the economy.
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Overview Of The GNU | Aluma Capital (Pty) Ltd

The South African Economy: An Overview since the GNU

August 16, 2024

Current Economic and Political Climate in South Africa

The pressing question on everyone’s mind is: “Where are we as a country and economy, and where are we headed?” This question can only be partially answered given the developments since the formation of the Government of National Unity (GNU) at the end of May 2024. As we assess the situation two months in, another question arises: “Are we still in a honeymoon phase, and if so, how long will it last?“

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Financial Lines Climbing on Charts | Aluma Capital (Pty) Ltd

Global Financial Markets in Turmoil Amid Recession Concerns and Geopolitical Tensions

August 9, 2024
As recession fears grip the United States, combined with overheated gains in the technology sector and tumultuous carry trade movements between the US and Japan, both economies and their stock markets face unprecedented challenges. On Monday morning, a dramatic sell-off hit both US and Japanese stock markets. The Japanese market experienced its most severe drop since the 1987 crash, with the Nikkei plunging 6.5% and some blue-chip stocks losing over 10% in a single day.
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Woman Sitting With Laptop | Aluma Capital (Pty) Ltd

From Housewife to Financial Hustler

March 14, 2024
How investment trends for women have evolved.
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Will Getting Set Up | Aluma Capital (Pty) Ltd

The Benefits of having a Will: Ensuring your legacy

December 5, 2023
Creating a Will is an essential part of estate planning, however, many of us tend to procrastinate or neglect this crucial step. Let’s discuss a few of the benefits of having and updating your Will:
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