Free Trial

FinMin Sees Slightly Lower Debt Peak, Plans to Tap CB Reserves

SOUTH AFRICA
  • SOUTH AFRICA SEES DEBT PEAK AT 75.3%/GDP IN ‘26; SAW 77.7%
  • SOUTH AFRICA TO USE ZAR150B OF CONTINGENCY RESERVES TO CUT DEBT (BBG)

Immediate dip in USDZAR on the slightly lower debt peak forecast and announcement that the Treasury plans to tap the contingency reserve at the central bank to help pay down the nation’s debt. Price action narrows the gap significantly to initial support at 18.8004, the Feb 13 low. Below here, key support for USDZAR has been defined at 18.5578, the Feb 2 low.

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.