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Deadline Extended for Ramaphosa to Provide Adequate SARB Response

SOUTH AFRICA
  • A number of papers cover the SARB’s response to questions surrounding Ramaphosa’s actions toward theft on his Phala Phala farm. Fin24 reports that Ramaphosa did not report the foreign exchange transaction that was the source of the stolen dollars, as required by law.
  • The President is also has yet to respond adequately to the SARB, which has asked for details of the transaction. The bank had initially given Ramaphosa 21 business days to respond to the letter and subsequently granted an extension of 15 working days.
  • Ramaphosa makes an appearance later today, speaking at a Human Rights conference. Elsewhere, News24 hold a conference including the likes of the Chief Justice Zondo as well as the Eskom CEO de Ruyter.
  • Data due later today includes the Absa Manufacturing PMI (Exp. 48.2, Prev. 47.6) and electricity consumption stats for July.
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