Nicholas Weekly Note - 16 February 2026 Download Weekly Note - 16 February 2026 Local Market Update: The JSE All Share index declined 1.33% to 120,584.07 points, while the Top 40 fell 1.45% to 112,558.10, led by a 2.42% drop in the Resource... Feb 17, 2026
Nicholas Weekly Note - 09 February 2026 Download Weekly Note - 09 February 2026 Local Market Update: Last week, South African data signalled tentative stabilisation. The Absa PMI rose to 48.7 and the SP Global PMI reached 50.0, indicating f... Feb 9, 2026
Nicholas Weekly Note - 02 February 2026 Download Weekly Note - 02 February 2026 Local Market Update: South Africa’s fiscal outlook improved after National Treasury signalled debt stabilisation relative to GDP and a third straight primary su... Feb 2, 2026
Nicholas Weekly Note - 26 January 2026 Download Weekly Note - 26 January 2026 Local Market Update: South African macro conditions remained supportive, with SARB Governor Lesetja Kganyago reaffirming that inflation is converging towards the... Jan 26, 2026
Nicholas Weekly Note - 19 January 2026 Download Weekly Note - 19 January 2026 Local Market Update: South African markets reflected a mix of improving fundamentals and lingering political risk. Eskom struck a more constructive tone heading ... Jan 19, 2026
Nicholas Weekly Note - 12 January 2026 Download Weekly Note - 12 January 2026 Local Market Update: South African headlines last week reflected softer macro conditions and elevated political risk. The SP Global PMI slipped to 47.7 in Decemb... Jan 12, 2026
Nicholas Weekly Note - 05 January 2026 Download Weekly Note - 05 January 2025 Local Market Update: Investor sentiment in South Africa was moderately constructive as local equities edged higher in subdued holiday trading. Focus remains dire... Jan 7, 2026
Nicholas Weekly Note - 08 December 2025 Download Weekly Note - 08 December 2025 Local Market Update: South Africa’s macro backdrop showed mixed signals, with November foreign reserves rising to $70 billion and the Q3 current account deficit... Dec 8, 2025
Nicholas Weekly Note - 01 December 2025 Download Weekly Note - 01 December 2025 Local Market Update: South African newsflow remained modest, with markets reacting mainly to global developments. The SARB’s Financial Stability Review reaffirm... Dec 1, 2025
Nicholas Weekly Note - 24 November 2025 Download Weekly Note - 24 November 2025 Local Market Update: South Africa’s macro narrative strengthened as SP Global delivered the country’s first sovereign upgrade in two decades, citing improving f... Nov 24, 2025
