MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI: ITALY NOV FLASH HICP +0% M/M, +1.6% Y/Y

MNI: EUROZONE NOV FLASH HICP +2.3% Y/Y

MNI: UK OCT M4 MONEY SUPPLY -0.1% M/M, +3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

National Treasury Presents Debt Relief Measures For Municipalities, S&P Global PMI On Tap

SOUTH AFRICA
  • The Fed delivered a 25bp rate hike Wednesday and said that it may have been the final move in this tightening cycle. The knock-on effects of that decision may radiate into South African markets today, even as Governor Lesetja Kganyago last month said that the SARB is not trying to follow what the Fed is doing. Separately, Allan Gray economists said that South African interest rates and inflation will likely stay higher and stickier for longer than the market expects.
  • The National Treasury outlined a new debt relief plan for 165 of 257 eligible municipalities. Government measures will come with strict conditions designed to tackle the culture of non-payment, with collections in some parts of South Africa falling as low as to 17%.
  • President Ramaphosa's spokesman Vincent Magwenya said that his boss doesn't see his exclusion from the G7 summit hosted by Japan as a "snub." Tokyo decided to invite Comoros President Azali Assoumani in his capacity as African Union Chairperson instead of the South African leader.
  • South Africa's S&P Global PMI for the month of April will be published at 08:15BST/09:15SAST and is expected to have stayed at 49.7. Electricity production and consumption data will be released later in the day at 12:00BST/13:00SAST.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.