@etmanalytics There is nothing in this data that builds any confidence that more jobs will not be lost through the remainder of 2014. SA inc struggling
@etmanalytics People putting +'ve spin on the fact that this was not a technical recession are missing the point. SA econ still shrank in real terms in H1
@George_Glynos Very clear to me that SA's quality of growth is poor. Low rates & consumption = poor quality. Need more focus on investment and production
@JanavDeventer .@etmanalytics Annual growth slows from 1.6% y/y in Q1 to a near 5yr low of 1.0% y/y in Q2 vs. post crisis peak of 3.8% y/y.
@JanavDeventer .@etmanalytics GDP underpins mounting fiscal risks. Govt. GDP estimates could be lowered to 1.8% (FinMin Nene) - still seems too optimistic
@CausticPop Even without strike activity, SA GDP still likely to have come in under 2.0% this year. Dominance of consumption contribution a big issue
@George_Glynos Primary and secondary productive sectors that SA economy needs both detracting from growth, tertiary/service & consumption sectors positive
@JanavDeventer .@etmanalytics GDP expands marginally in Q2 at 0.6% q/q ann., slightly above in-house forecast of 0.5% q/q.
@George_Glynos Q2 GDP 0.6% q/q SAAR. Well done ETM team who got very close at 0.5%. Basically SA economy barely grew in H1 2014. Mining & Manu a drag
@RussLamberti While "geopolitical tension" dominates the market narrative, quietly the US high yield bond market powder keg fuse is being lit.
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ETM was founded by directors George Glynos and Quinten Bertenshaw in 2004, initially offering real-time financial market analysis and advisory services to mostly banking and treasury clients. Client requirements have led the organic growth of the business into providing Data & Analytics Services and Investment Strategy Services.

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