DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Judge Dismisses Fmr Pres Zuma's Appeal, Trial Postponed To Apr '22

SOUTH AFRICA

Earlier this morning, KwaZulu-Natal High Court Judge Piet Koen dismissed the application from former President Jacob Zuma to have the prosecutor in his corruption trial - Billy Downer - dismissed from the case.

  • Zuma's team had sought to have Downer removed on the charge that he was not independent and impartial.
  • Koen has ruled that the corruption trial will resume 11 April 2022, but Zuma's defence advocate Thabani Masuku has indicated that he could bring another application in front of the court before then.
  • There remains the prospect of an uptick in political risk in South Africa around the time of the trial's resumption. Earlier in 2021, political violence erupted around Johannesburg and in the KwaZulu-Natal region following Zuma's arrest. This then spiraled into widespread looting, vandalism, and the worst rioting seen in South Africa in decades. The gov't and security forces will be keeping a close eye on the social temperature come the spring of 2022.
EM BulletHomepagemarkets-real-timePolitical Market NewsBulletEmerging Market News

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.