© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US TSY OPTIONS

June Quarterly Options Expiration Details

US TSYS

Eurodollar/Tsy/SOFR Option Roundup

WTI CURVE

Crude backwardation strengthens

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

FNB Economist Warne Extended Mining Strike Will Weigh on Output, Activity

SOUTH AFRICA
BulletEM BulletEmerging Markets

LOCAL NEWS

  • FNB economist warns that extended strike at Sibanye Stillwater’s gold mining operations has depressed gold output. This follows yesterday’s weaker March mining production data at -9.3% y/y vs -6.0% prior – marking the steepest decline since June 2020. This impact will increase through April and May with the strike still holding - bbg
  • Govt retains special voting rights in SA Airways even after selling the majority stake, and will be given R3bn in preference shares that can be redeemed through future cashflow.
    • This means that Govt retains a stake of 33.3%, hold voting rights and will benefit if new owner Takatso Consortium can revive the airline. Takatso will provide R3bn in working capital and has valued SAA’s assets at about the same amount – BusinessTech
125 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

LOCAL NEWS

  • FNB economist warns that extended strike at Sibanye Stillwater’s gold mining operations has depressed gold output. This follows yesterday’s weaker March mining production data at -9.3% y/y vs -6.0% prior – marking the steepest decline since June 2020. This impact will increase through April and May with the strike still holding - bbg
  • Govt retains special voting rights in SA Airways even after selling the majority stake, and will be given R3bn in preference shares that can be redeemed through future cashflow.
    • This means that Govt retains a stake of 33.3%, hold voting rights and will benefit if new owner Takatso Consortium can revive the airline. Takatso will provide R3bn in working capital and has valued SAA’s assets at about the same amount – BusinessTech