MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Government Considers Declaring National State Of Disaster, Cabinet Reshuffle Imminent

SOUTH AFRICA
  • President Cyril Ramaphosa said at a meeting of the African National Congress that the government considers declaring South Africa's continued power outages a national state of disaster. The administration is taking legal advice on whether the necessary requirements have been met to implement measures that last were in place during the COVID-19 pandemic. Declaring a state of disaster would allow electricity utility Eskom to shorten procurement procedures and potentially reduce the time needed for maintenance and refurbishment.
  • BusinessDay reported that ANC Deputy President Paul Masathile could be sworn in as an MP as soon as today, in order to pave way for him to replace David Mabuza as South Africa's Deputy President, bringing party and state roles in line. The news website cited a letter dated January 30 and sent from the National Assembly Speaker's office to ANC Secretary General Fikile Mbalula. Mabuza is expected to be replaced as part of a broader Cabinet reshuffle in the wake of the ANC's recent electoral congress.
  • South Africa's M3 money supply grew by 8.66% Y/Y last month, missing the +8.70% estimate. Private sector credit was up 7.73% Y/Y versus +8.30% expected. The focus on the data front turns to monthly trade balance, coming up later in the day.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.