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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
BNP Paribas on ZAR & SAGBs:
- Gradual deterioration in South Africa’s terms of trade could see rand weakening to 16.50 per dollar
- Current-account balance to swing to deficit of 0.6% of GDP in 2022, from an estimated surplus of 3.8% of GDP in 2021
- Gradual deterioration in South Africa’s terms of trade could see rand weakening to 16.50 per dollar
- “We remain constructive on South African government bonds given a robust fiscal performance in FY21/22, large cash buffers and a chance that the National Treasury could even find room to modestly cut issuance, depending on social spending, from the second quarter”
Citi Terms of Trade
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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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