Weekly Review

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Impumelelo Economic Growth Lab

Weekly Review

The BER Weekly Review provides in-depth, data-driven insights into the South African and global economies. Alongside the latest statistics, we cover key financial market developments and explain what matters - from monetary policy decisions to broader policy shifts and economic drivers. Each issue also looks ahead to the coming week, highlighting events and data releases that are likely to shape the economic and market outlook. From 2026, the Review includes a concise South African political update. It is available to Premium Insights and Essential Insights subscribers.

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Ceasefire optimism gives way to inflation reality

Date Uploaded: May 15 2026 07:00


This week’s review explores how fading ceasefire optimism and renewed tensions around the Strait of Hormuz have shifted market focus back toward inflation and interest rate risks. We unpack the implications for global oil and refined fuel markets, central bank expectations and financial markets, alongside key domestic data releases, including a sharp deterioration in SA’s labour market. We also assess the political implications of the Constitutional Court’s Phala Phala ruling, mounting pressure on President Cyril Ramaphosa and his firing of Social Development Minister Sisisi Tolashe amid corruption and nepotism allegations.