January 15, 2025 07:39 GMT
SOUTH AFRICA: Malema Says EFF Remains Stable, Market Pares SARB Easing Bets
SOUTH AFRICA
- Economic Freedom Fighters (EFF) leader Julius Malema warned those supporting the uMkonto weSizwe (MK) Party that its leader, ex-President Jacob Zuma, only cares about himself and his clan. He said that the defection of senior EFF officials to the MK has not affected his party's operations, even as he accused his former allies of betrayal.
- Analysts from the Centre for Strategic & International Studies (CSIS) wrote that the relationship between South Africa and the US under the Trump presidency faces a "reconciliation or rapture" moment. Although in their view bilateral relations may deteriorate over the coming four years, this would "push Africa’s hegemonic power into the orbit of Russia and China."
- Bloomberg circulated a piece noting that traders now see the South African Reserve Bank (SARB) cutting rates only once this year, with the FRA market pricing a 25bp adjustment at the January 30 meeting. This comes amid a hawkish shift in Fed pricing observed over the past few months.
- The National Treasury will today sell 2030 floating bonds.
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