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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.
SOUTH AFRICA
MNI (London)
VS FORECAST RAND 23.7 BLN
VS JUL TRADE BALANCE RAND 24.81r BLN
- Exports fell by 1.0% m/m whilst imports rose by 10.4% m/m in August, attributing to a substantially weaker August trade surplus.
- The R7.18bln August surplus was substantially lower than the R40.61bln trade surplus recorded in August 2021.
- Exports fell across precious metals and stones, basic metals and chemical products in August, whilst substantially larger imports in mineral products (driven by high energy and fuel prices), machinery and equipment were recorded.
- South African annualised mining production has been in contractionary territory since February.
- Despite being substantially weaker than the Bloomberg forecast, little reaction was seen in the ZAR.
Source: South Africa Revenue Service
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.
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