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Budget Well Received by Local Economists; Re-Infection Study Out Today

SOUTH AFRICA

LOCAL NEWS

  • Budget reaction has been broadly positive overnight with local analysts/economists praising Mboweni for sticking to his guns on spending cuts, while dropping plans to raise taxes.
    • Govt says it will release a study into transmissibility of the SA variant today and possibility for re-infection after SA notes 4,000 cases of re-infection.
  • Health expert says these re-infections may be mostly due to the new variant, but is awaiting more data
    • ANC says HelathMin Mkhize is innocent until proven guilty in terms of awarding Clovid-19 contracts to former associates.
  • The SIU continues to investigate the situation. Last year Mkhize said all instances of PPE irregularities should be investigated with a zero-tolerance approach
  • 0930GMT PPI m/m exp at 0.4% vs 0.2% prior & y/y at 3.2% vs 3.0% prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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