The persistent pessimism of South African business and consumers — a common concern of credit rating agencies in their reports of this country — will be in the spotlight on Monday.Monday is a busy day on the economics front, with several releases delayed by SA’s summer holidays scheduled for release.The South African Reserve Bank will release December’s foreign exchange reserve figures at 8am. After unexpectedly rising to $50.3bn in November from $48.9bn in October, December’s reserves are expected to have held about level.The Absa sponsored purchasing managers index (PMI) done by Stellenbosch University’s Bureau for Economic Research (BER), which usually appears on the first business day of each month, is scheduled for release at 11am.Investec Bank economist Kamilla Kaplan said in her weekly note e-mailed on Friday that she expected the poll to show the pessimism of South African factory managers improved slightly to about 49 points in December from 48.6 in November."The manufactur...
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