Everything you need to know about the markets this week
Weekly opportunities podcast EP 42
This week we cover Microsoft, Google and Amazons latest results as well as the share price performances post the prints. We also cover the Fed and the decision to keep rates at current levels. Lastly what to look out for next week as well as Chantal's stock pick.
02 November 2026
Flash Notes
Consumer inflation records a slight uptick in September
Headline inflation rose to 4.5% year-on-year (y/y) in September from 4.4% in August, coming in below our and market expectations of 4.7%. Monthly pressure was 0.4% month-on-month (m/m), mainly driven by fuel and core inflation.
26 October 2026
Everything you need to know about the markets this week
Weekly opportunities podcast EP 41
26 October 2026
Economics Weekly
Structural reform and infrastructure execution become critical variables
23 October 2026
Economic Insights
2026 MTBPS Review: Fiscal consolidation meets the growth challenge
The 2026 Medium-Term Budget Policy Statement (MTBPS) provides a credible continuation of this administration's fiscal consolidation, with government now shifting from stabilising debt to gradually reducing it. Stronger-than-expected revenue collection, a rising primary surplus and continued expenditure restraint have improved the fiscal trajectory, despite a more challenging global environment.
21 October 2026
Everything you need to know about the markets this week
Weekly opportunities podcast EP 40
19 October 2026
Investment Insights
FNB wins big at the 2026 Citywire South Africa DFM Awards
We are delighted to announce that FNB received outstanding recognition at the 2026 Citywire South Africa DFM Awards, including being named Overall Performance Winner for the second consecutive year.
16 October 2026
Everything you need to know about the markets this week
Weekly opportunities podcast EP 39
12 October 2026
Economics Weekly
South Africa's growth outlook: Capturing a gradual efficiency dividend
Despite near-term challenges, South Africa's medium-term outlook points to a gradual improvement in economic growth alongside a moderation in inflation. We expect GDP growth to rise from around 1.1% in 2026 to approximately 2.1% by 2030, while inflation gradually moves from 4.3% towards the South African Reserve Bank's (SARB's) 3.0% target. Although this represents a meaningful improvement, it should not be interpreted as a structural growth breakthrough. Rather, it reflects the economy's potential to extract more value from its existing productive capacity while gradually expanding that capacity through investment and reform.
09 October 2026
Everything you need to know about the markets this week
Weekly opportunities podcast EP 42
02 November 2026
Everything you need to know about the markets this week
Weekly opportunities podcast EP 42
02 November 2026
Everything you need to know about the markets this week
Weekly opportunities podcast EP 41
26 October 2026
Disclaimer
This Publication note is issued by FNB for the information of clients only and should not be produced in whole or part without prior permission. Although FNB is an Authorised Financial Services Provider, any opinions and/or analysis contained in this Publication are for informational purposes only and should not be considered advice, including but not limited to financial, legal or tax advice, or a recommendation to invest in any security or to adopt any investment strategy. The information contained herein has been obtained from sources/persons which we believe to be reliable. Still, it is not guaranteed for correctness, completeness or otherwise. We do not assume liability for loss arising from errors in the information or that may be suffered from using or relying on the information contained herein, irrespective of whether there has been any negligence by us, our affiliates or any other employees of ours, and whether such losses are direct or consequential. As market and economic conditions are subject to rapid change, any comments, opinions and analyses are rendered as of the date of publishing and may change without notice. Such changes may have a material impact on the outcome of any investment. Securities involve a degree of risk and are volatile instruments. Past performance is not indicative of future performance. Securities or financial instruments mentioned in the Publication note may not be suitable for all investors, and FNB bears no responsibility whatsoever arising from or as a consequence thereof. The material is not intended as a complete analysis of every material fact regarding any share, instrument, sector, region, market, country, investment or strategy. The recipient of this Publication must make their own investment decision and is advised to contact their relationship manager for a personal financial analysis before making any investment decisions. Copyright 2023.
