MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ANC Scandal Report Due Today, But Delays Possible

SOUTH AFRICA
  • Today marks the deadline at which, the ANC’s integrity commission report on the findings from their Phala Phala scandal inquiry.
  • Calls had grown for the President to take a leave of absence during the investigation, but this had been blocked by the wing of the ANC traditionally allied with Ramaphosa. While the report is due today, it’s possible it may be delayed, with M&G reporting this morning that the report has not been signed off yet.
  • This is the first in a series of tough days for the President, with Nov 15th marking the publication of branch nominations for the ANC’s elective conference (key to Ramaphosa’s re-election chances). This is followed by the recommendation made to the National Assembly by an independent panel on whether sufficient evidence exists to proceed with the Section 89 impeachment process. The deadline here is Nov 16th.
  • No key data due Friday, with focus on the possible release of the ANC integrity report. ZAR remains stronger early Friday, with USD/ZAR narrowing in on the 100-dma of 17.3067 and printing multi-month lows ahead of the Friday session.
  • Price action has been bolstered by the confirmed receipt of climate loans, which the finance minister stated were secured at a fraction of market rates and will push down future borrowing costs.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.