Journal publications

This paper develops large-scale Bayesian Vector Autoregressive (BVAR) models, based on 268 quarterly series, for forecasting annualized real house price growth rates for large-, medium and small-middle-segment housing for the South African economy. Given the in-sample period of 1980:01 to 2000:04,...

This paper analyses returns and volatility linkages between the South African (SA) equity market and the world major equity markets using daily data for the period 199-2007. Also analysed is the nature of volatility, the long term trend of volatility and the risk-premium hypothesis. The univariate...

South Africa is in the grip of an electricity crisis marked by a euphemism known as “load shedding”. The demand for electricity has grown to the point that the supply reserve margin is often under threat, necessitating the electricity supplier to cut supply to some areas for various periods of time...

The high rate of unemployment in South Africa stands out in an otherwise vastly improved set of macroeconomic fundamentals compared to the situation in the early 1990s. One might be tempted to argue that by this single indicator alone, government policies such as GEAR have been a failure. This...