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	<title>ZA Economist</title>
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	<link>https://www.zaeconomist.com</link>
	<description>A blog on the South African economy and global financial markets</description>
	<lastBuildDate>Wed, 03 Jun 2026 07:15:44 +0000</lastBuildDate>
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		<title>Foreign trade and the exchange value of the ZAR. Description and explanation</title>
		<link>https://www.zaeconomist.com/sa-economy/the-rand/foreign-trade-and-the-exchange-value-of-the-zar-description-and-explanation/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Wed, 03 Jun 2026 07:15:44 +0000</pubDate>
				<category><![CDATA[The Rand]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3415</guid>

					<description><![CDATA[Trade with foreign partners plays a very important role in the SA economy. Exports add about 30% to the demand side of the economy and imports add about the same 30% to the total supply of goods and services. Such trade is almost all conducted in a foreign currency – mostly with the USD – &#8230; <a href="https://www.zaeconomist.com/sa-economy/the-rand/foreign-trade-and-the-exchange-value-of-the-zar-description-and-explanation/" class="more-link">Continue reading <span class="screen-reader-text">Foreign trade and the exchange value of the ZAR. Description and explanation</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3415</post-id>	</item>
		<item>
		<title>The Risks in Index Tracking – some thoughts and evidence</title>
		<link>https://www.zaeconomist.com/global-financial-markets/the-risks-in-index-tracking-some-thoughts-and-evidence/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Wed, 03 Jun 2026 07:13:11 +0000</pubDate>
				<category><![CDATA[Global Financial Markets]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3406</guid>

					<description><![CDATA[Brian Kantor and Carig Evans 27th May 2026 Investors who over the past year (since May 2025) have invested in a portfolio of shares that passively replicate the S&#38;P 500 Index or the JSE All Share Index have every reason to be pleased. The value of their US portfolio, with dividends reinvested in the S&#38;P &#8230; <a href="https://www.zaeconomist.com/global-financial-markets/the-risks-in-index-tracking-some-thoughts-and-evidence/" class="more-link">Continue reading <span class="screen-reader-text">The Risks in Index Tracking – some thoughts and evidence</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3406</post-id>	</item>
		<item>
		<title>The Chairman of the Fed &#8211; In with the new- if not out with the old</title>
		<link>https://www.zaeconomist.com/monetary-policy/the-chairman-of-the-fed-in-with-the-new-if-not-out-with-the-old/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Mon, 18 May 2026 07:02:29 +0000</pubDate>
				<category><![CDATA[Monetary Policy]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3399</guid>

					<description><![CDATA[The Fed will have a new chairman of its Board of Governors. He will have to contend with the outgoing chairman of the Board, Mr. Jerome Powell, continuing to participate in the 12 member meetings of the Open Market Committee (OMC) that sets short term interest rates. Warsh remarked in his Senate hearings that he &#8230; <a href="https://www.zaeconomist.com/monetary-policy/the-chairman-of-the-fed-in-with-the-new-if-not-out-with-the-old/" class="more-link">Continue reading <span class="screen-reader-text">The Chairman of the Fed &#8211; In with the new- if not out with the old</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3399</post-id>	</item>
		<item>
		<title>Export led growth would be a blessing</title>
		<link>https://www.zaeconomist.com/sa-economy/export-led-growth-would-be-a-blessing/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Tue, 05 May 2026 11:06:26 +0000</pubDate>
				<category><![CDATA[SA Economy]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3389</guid>

					<description><![CDATA[A path to faster growth in SA could be export led. There is no lack of global demands for valuable goods and services that could be delivered from SA with the right incentives to do so. The most obvious incentive would be a consistently favourable relationship between the revenues, realised producing goods and services at &#8230; <a href="https://www.zaeconomist.com/sa-economy/export-led-growth-would-be-a-blessing/" class="more-link">Continue reading <span class="screen-reader-text">Export led growth would be a blessing</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3389</post-id>	</item>
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		<title>A luta continua. It does not have to be so difficult to grow faster</title>
		<link>https://www.zaeconomist.com/monetary-policy/a-luta-continua-it-does-not-have-to-be-so-difficult-to-grow-faster/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Tue, 05 May 2026 11:05:00 +0000</pubDate>
				<category><![CDATA[Monetary Policy]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3380</guid>

					<description><![CDATA[Since 2016 in ten years the annual growth in real GDP has averaged a miserable 0.69% p.a. and the growth in household disposable incomes has grown by an immiserating 0.46% p.a. average. By sharp contrast the increase in the wealth of South Africans has been very impressive. Net SA wealth held offshore was substantially negative &#8230; <a href="https://www.zaeconomist.com/monetary-policy/a-luta-continua-it-does-not-have-to-be-so-difficult-to-grow-faster/" class="more-link">Continue reading <span class="screen-reader-text">A luta continua. It does not have to be so difficult to grow faster</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3380</post-id>	</item>
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		<title>Wealth effects were much larger than income effects in SA in South Africa in 2025. A welcome reality</title>
		<link>https://www.zaeconomist.com/sa-economy/wealth-effects-were-much-larger-than-income-effects-in-sa-in-south-africa-in-2025-a-welcome-reality/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Tue, 07 Apr 2026 11:30:43 +0000</pubDate>
				<category><![CDATA[SA Economy]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3373</guid>

					<description><![CDATA[South Africans grew their wealth at a much faster rate than their incomes in 2025. Household assets, less household debt, was 15% larger than the year before. Up by a very tidy R3,200b. The disposable incomes of households grew at a much more pedestrian rate of 4.7% or by R230 billion in 2025. Household spending &#8230; <a href="https://www.zaeconomist.com/sa-economy/wealth-effects-were-much-larger-than-income-effects-in-sa-in-south-africa-in-2025-a-welcome-reality/" class="more-link">Continue reading <span class="screen-reader-text">Wealth effects were much larger than income effects in SA in South Africa in 2025. A welcome reality</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3373</post-id>	</item>
		<item>
		<title>The best laid plans of mice and men (and women)</title>
		<link>https://www.zaeconomist.com/sa-economy/the-best-laid-plans-of-mice-and-men-and-women/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Tue, 07 Apr 2026 11:29:54 +0000</pubDate>
				<category><![CDATA[SA Economy]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3365</guid>

					<description><![CDATA[March 2026. Mike Tyson famously remarked that a plan was all very useful until you were smacked in the mouth. The SA economy has taken a snot-klap in the form of an oil price shock accompanied by a further shock in the form of a weaker ZAR. An unexpectedly disappointing development but by no means &#8230; <a href="https://www.zaeconomist.com/sa-economy/the-best-laid-plans-of-mice-and-men-and-women/" class="more-link">Continue reading <span class="screen-reader-text">The best laid plans of mice and men (and women)</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3365</post-id>	</item>
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		<title>Identifying quality companies listed on the JSE</title>
		<link>https://www.zaeconomist.com/financial-markets/identifying-quality-companies-listed-on-the-jse/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Wed, 11 Mar 2026 10:15:16 +0000</pubDate>
				<category><![CDATA[SA Financial Markets]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3357</guid>

					<description><![CDATA[Brian Kantor and Craig Evans A “ Quality” company consistently delivers a market beating return on the shareholders capital they allocate. (see BD December 4th 2025) A quality company will be growing its profits and investing in additional capacity to scale up its operations. The quality firm will be able to fund its growth from &#8230; <a href="https://www.zaeconomist.com/financial-markets/identifying-quality-companies-listed-on-the-jse/" class="more-link">Continue reading <span class="screen-reader-text">Identifying quality companies listed on the JSE</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3357</post-id>	</item>
		<item>
		<title>Wind in the SA economy’s sails – can we sail on to faster growth?</title>
		<link>https://www.zaeconomist.com/monetary-policy/wind-in-the-sa-economys-sails-can-we-sail-on-to-faster-growth/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Mon, 23 Feb 2026 12:54:29 +0000</pubDate>
				<category><![CDATA[Monetary Policy]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3351</guid>

					<description><![CDATA[Every time the SA economy picks up momentum it is preceded by a surge in the USD prices of metals and minerals, our major exports where exports account for 30% of all output. We can hope with past performance in mind, that this time, led by much higher precious metal prices, will not prove an &#8230; <a href="https://www.zaeconomist.com/monetary-policy/wind-in-the-sa-economys-sails-can-we-sail-on-to-faster-growth/" class="more-link">Continue reading <span class="screen-reader-text">Wind in the SA economy’s sails – can we sail on to faster growth?</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3351</post-id>	</item>
		<item>
		<title>How to promote competition- leaving well alone.</title>
		<link>https://www.zaeconomist.com/corporate-finance/how-to-promote-competition-by-leaving-well-alone/</link>
		
		<dc:creator><![CDATA[Brian Kantor]]></dc:creator>
		<pubDate>Fri, 30 Jan 2026 09:29:34 +0000</pubDate>
				<category><![CDATA[Corporate Finance]]></category>
		<guid isPermaLink="false">https://www.zaeconomist.com/?p=3331</guid>

					<description><![CDATA[The wider the market the less monopoly&#160; power any seller can have over it. If households choose, as they will, between all of the many goods or services households offered them, there can &#160;be no monopoly power. No one seller can command more than a very small share of the household budget that can easily &#8230; <a href="https://www.zaeconomist.com/corporate-finance/how-to-promote-competition-by-leaving-well-alone/" class="more-link">Continue reading <span class="screen-reader-text">How to promote competition- leaving well alone.</span></a>]]></description>
		
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">3331</post-id>	</item>
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