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Godongwana's MTBPS Due at 1300BST / 0800ET

SOUTH AFRICA

In just under 90mins, Godongwana’s MTBPS takes focus, with the finance minister to present the statement at 2pm local time (1300BST / 0800ET).

Full MNI preview including expectations and summary of sell-side views here: https://roar-assets-auto.rbl.ms/documents/19873/MN...

  • Public finances are expected to be on a better track, with the deficit seen stabilizing at 4.5 – 5.0% of GDP
  • Better growth outlook and commodity prices seen pressuring debt-to-GDP ratio below 73%
  • Market to focus on Eskom debt re-structuring plans and any basic income grant announcement

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