Adriaan du Toit
7 Years at AB|19 Years of Experience
Adriaan du Toit is a Senior Vice President and Senior Economist for Africa. He also leads AB's team of emerging-market economists. He joined AB in 2017 as a Sub-Saharan Africa economist. Prior to joining the firm, Du Toit was a Sub-Saharan Africa currency and rates strategist and director at Citigroup in Johannesburg, where he worked from 2013 to 2017. Between 2007 and 2013, he held three roles at Standard Bank in Johannesburg (rates analyst, head of Macro Research and fixed-income strategist). Du Toit started his career in 2004 as an economist at the South African Reserve Bank. He holds a BCom (Hons) in economics and an MCom in econometrics (cum laude), both from the University of Pretoria in South Africa, and an MSc in financial economics from the University of Oxford. Location: London
Published Work
Lasting fiscal deficits can exact a cost. Here’s how the situation is shaping up for the world’s economies.
We expect a favorable environment for emerging-market bonds in 2024, provided investors stay selective.
The BRICS' invitation to six more nations to join their group is an important initiative promoting greater global influence for major EM countries.
2022 was a weak year for emerging-market debt, but with China pulling back on zero-COVID policies and inflation showing signs of easing, credit markets could stabilize in 2023. Given the prospect of slowing global growth, credit selection will be key.
The recent COP27 gathering will likely be remembered for shifting the global climate-change debate. We share our key takeaways from the conference.
The global growth outlook has declined as central banks tackle inflation. What signs would point to an eventual rebound for the economy and markets?
Emerging-market debt faces both obstacles and opportunities in 2022. Investors should proceed with care.
COVID-19 has aggravated inequality and social problems across EM economies, fueling populism. Key ESG metrics can help show potential pressure points.
Slow vaccine rollouts threaten not only to take a sizable human toll but also to scar some emerging economies.
Emerging-market sovereign debt has rebounded sharply off the lows, but this hard-hit sector offers attractive yields and compelling growth opportunities to discerning investors.
Emerging markets (EM) are at a crossroads. The impact of COVID-19 aggravates pre-existing challenges. But it also enables those EM economies that respond effectively to create better conditions for the future.
When driving through Lusaka, Zambia's capital, newly paved roads make it easy to forget that the country's bonds are stressed. I came here in September to find out whether the new finance minister could turn—or at least arrest—the country's dangerous debt trajectory.
When I landed in the brand-new airport in Nigeria's capital of Abuja I was taken by the modern and cavernous nature of its terminal, a reflection of the country's future ambitions. One of Africa's best airports, in Accra, Ghana, also boasts a new terminal. Meanwhile, foreign travelers can apply online for an e-visa before they fly to Ivory Coast, pick it up at the airport when they land and emerge into the bustling streets of Abidjan quickly and efficiently.
Africa's two largest economies will hold elections this year, and there's a good chance the outcomes will lead to slightly faster growth and higher asset prices. But rising populism and nationalism remain a longer-term risk.
The two biggest economies in Africa—Nigeria and South Africa—both have presidential elections in 2019. The results will set the stage for the next phase of these economies as well as investor interest in them. These elections could also have implications for the economic future throughout the continent.