Report
Primaresearch
Thambo Mthwalo

Consumer watch - September 2017

September was relatively positive for the South African consumer. The SA Consumer and Producer Price Index came off YTD lows in July increasing 20bps and 60bps to 4.8% and 4.2% respectively. In August, the ABSA Purchasing Managers’ Index improved by 1.1 points following a 3.8-point decline in July. Business confidence sank to its lowest level since the mid-1980s at 89.6 points. The rand lost significant ground, closing the month at ZAR13.54/USD on the back of hawkish comments by the US Federal Reserve. Following a close call, the South African Reserve Bank decided to hold the repo rate at 6.75%. Motorists can expect additional fuel hikes in October. Inland petrol and diesel prices are forecast to increase by 29c/litre and 42c/litre respectively.

02/10/2017 5 EN
Provider
Primaresearch
Primaresearch

Primaresearch is an independent, sell-side, equity research firm based in Cape Town, South Africa. We focus our research on consumer-facing companies as we have credible experience in this space. The name “primaresearch” invokes both high quality (prime) as well as “primary” research – being novel and offering value-add investment insights for our clients.

Our Vision

Our vision is to be the leading independent sell-side research firm in Africa. While we start with South Africa, we are looking into providing our clients with comprehensive, Africa-wide consumer-facing company and market research. Africa is poised to emerge as a significant consumer market, for which investors in South Africa and abroad will require thorough research and insights on. We aim to be the “go-to” research firm for these investors.

Our Culture

  • We foster an environment where our analysts can think creatively, to search beyond the obvious and look for interesting investment angles.
  • This is an environment where there is a free flow of ideas, discussions and debates.

We take a thematic approach in our research. This thematic approach highlights issues, risks and opportunities which investors may not have considered. Our goal is to bring “new” information to our clients’ attention, avoiding “maintenance” research which regurgitates existing information and talks to analyst models and numbers.

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Thambo Mthwalo

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