Economics research


Our highly rated analysts and economists provide research, analysis and forecasts of macroeconomic developments in Africa and India.

Our research team comprises highly rated analysts and economists who provide objective research and insightful analysis and forecasts of macroeconomic developments in South Africa, sub-Saharan Africa and India. Daily insights into market trends and risks, along with regular viewpoints compiled by our economists enable our clients to hedge their financial risk most efficiently.

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Meet our Chief Economist


Our Chief Economist is Ettienne le Roux. Ettienne graduated with a B.Com, B.Com Honours and M.Com Economics from the North-West University (1991–1995). He obtained his degrees cum laude. After lecturing Economics at the same university, he followed a career as an economist at the National Treasury. While employed by the Treasury Ettienne had the opportunity to further his studies in the US. He later joined FNB as an economist. In 1998 Ettienne joined RMB and in June 2009 was appointed as Chief Economist.

ContactEttienne on +27 11 282 8726 or email ettienne.leroux@rmb.co.za