Free Trial

Briefing On MTBPS Underway, Pandor To Speak On Gaza Situation

SOUTH AFRICA
  • South Africa's Parliamentary Budget Office and the Financial and Fiscal Commission are holding a media briefing on the Medium-Term Budget Policy Statement (MTBPS). The briefing started at 07:00GMT/09:00SAST and can be watched here.
  • Fitch warned of a significant risk that South Africa might fail to meet the ambitious fiscal targets outlined in the MTBPS. They noted that wage cost control is particularly challenging. While they still see South Africa's credit profile as supported by a favourable debt structure, a durable resolution of the country's fiscal challenges would require a substantial acceleration of growth.
  • International Relation and Cooperation Minister Naledi Pandor will deliver a statement in parliament on the situation in Gaza. This comes after South Africa recalled all of its diplomats in Tel Aviv for "consultation", while the Cabinet advised that Pandor should démarche Israeli ambassador Eliav Belotserkovsky over his recent "disparaging" comments "about those who are opposing the atrocities and the genocide of the Israeli government".
  • Democratic US Senator Chris Coons has drafted a bill to extend the African Growth and Opportunity Act (AGOA) for 16 years, which would also involve an out-of-cycle review of South Africa's eligibility. The lawmaker argues that South Africa's status should be reviewed because of its relations with Russia and Hamas.

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.