Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

SOUTH AFRICA

Dept of Public Enterprises Head Gordhan:

  • SEES ESKOM DEBT `IN THE PAST' IN 3-5 YEARS
  • SOUTH AFRICA HAS IDENTIFIED 3 EQUITY PARTNERS FOR SAA
  • SEES DECISION ON SAA EQUITY PARNTER IN `MONTH OR SO'
  • while the first comment seems extremely optimistic, the latter is more interesting in terms of SOE reforms
  • An equity partner would alleviate risks of more bailouts being allocated to SAA in the near term reducing pressure on the fiscus
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