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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM
MNI BRIEF: SNB Cuts Policy Rate By 50 BP To 0.5%
MNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
Magashule Handed a Lifeline as Step-Aside Resolution Faces Delays
LOCAL NEWS
- ANC SG Magashule's deadline to step aside has passed, the supposed meeting with Ramaphosa has yet to materialise and the list of officials has also not reached the NWC for sign-off.
- Instead, he will reportedly be given yet another lifeline – an opportunity to appeal the ANC integrity commission's findings against him.
- Former North West ANC chairperson, Supra Mahumapelo, also remains an ANC member, despite being instructed to resign.
- His lifeline is also an appeal process against the order
- Ramaphosa toed the party line at the State Capture Commission, alluding to ANC 'delays' and 'lapses' in dealing with corrupt activity between members and businesses in matters of state
- but fell short of accepting responsibility, or acknowledging that certain activity was perpetuated with malicious intent.
- Instead of focusing on why SOEs were failing because of acts of party members, he rather repeated promises that the party was helping turn things around
- Ratings Afrika Municipal Financial Sustainability Index (MFSI) says R51bn is required to prevent a total collapse of SA municipalities – a burden that will undoubtedly be carried by taxpayers.
- Notes revenue collection at municipalities dropping, with 18% remaining uncollected. Report noted the very apparent deterioration of infrastructure in SA municipalities is widespread across the country
- Unions Black Sash & #PayTheGrants will be undertaking a national strike today as the R350 govt welfare grant comes to an end.
- With 32.5% unemployment, the ending of this scheme will likely be felt by consumers
- Eskom says it will start wage talks with unions NUMSA & NUM on 04 May – Eskom Twitter.
- Comes amid major cash issues for Eskom and govt pledges for fiscal consolidation and 0% rise in the public wages
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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.