MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

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

Nation Strikes While Inflation Expected to Rise to 13y High

SOUTH AFRICA
  • Today’s marks the beginning of nationwide strike action, led by the largest two unions in the country. Thousands of workers are expected to stay away from work and strike, with the unions protesting against load-shedding, fuel price hikes and escalating food prices. Some ANC party members are expected to join the action, particularly those who have not received any salary increases in the past four years, according to the Daily Maverick.
  • BusinessLive reports that President Ramaphosa has informed his closest aides that he does not plan a major cabinet reshuffle until after the governing party’s national conference in December. However, if finance minister Godongwana is to be charged with sexual assault, he would be immediately replaced.
  • The South African writes that previous Central Energy Fund data that had suggested a sizeable cut in fuel prices for September has largely reversed due to the weakening ZAR and higher oil prices. The smaller decrease in prices will be announced at the end of this month, becoming effective as of midnight September 6th.
  • Inflation data due later today is expected to tick higher to 1.5% on a M/M basis for July, with the Y/Y rate seen rising to 7.8%.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging 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.