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(U1) Tilted Higher

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(U1) Uptrend Weakening

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Bullard Kickstarts Reflation Unwind Theme

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LOCAL NEWS

  • ANC SG Magahsule's threatened 'suspension' of President Ramaphosa and defiant behaviour regarding his own suspension has opened discussions for his possible expulsion from the ANC – News24.
    • Final NEC discussions are expected this weekend with an announcement on Monday.
    • Analysts note an underwhelming level of support for Magahsule being indicative of a man running out of options as previous supporters recognise his case as a sinking ship.
  • Inside sources say Eskom is concerned about buying power from Turkey's KaarpowerShip, given the cost and length of the deal (R14bn/yr for 20yrs)
  • Moody's to review SA's credit Rating today – Analysts broadly expect SA's rating to remain unchanged at Ba2; Outlook negative.