| It's a big week for the financial sector, with Standard Bank and Sanlam publishing their results, amongst other companies. FirstRand has already set the ball rolling, announcing better than expected half-year numbers last week - and the resumption of dividends after the Reserve Bank relaxed guidance on payouts to shareholders. Nedbank issued a trading statement on Friday, preparing shareholders for a significant decline in earnings when it reports back next week. It made no mention of a dividend. Also in today's newsletter, results from Mpact and Trellidor and updates from RMB Holdings, Growthpoint Properties and Jasco Electronics. The latest episode of the Magic Markets podcast is highly topical. The Finance Ghost and Mohammed Nalla look at the impact of a steepening yield curve and what it means for equity valuations. I hope you have a good week. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Are we looking at a resurgence of inflation and maybe a need for policy tightening sooner than consensus presumes? "Booming along" unpacks fascinating data with analysis that is a must read. Their latest note on central banking complements this with "Now what do they want?" also providing a timely analysis on bubbles being blown - central bankers are getting what they wished for, with a sting in the tail attached. "Budget blues" focuses on local commercial banks post budget. | 