MNI BRIEF: Japan Oct Services PPI Rises 2.9% Vs. Sept 2.8%

MNI BRIEF: Cuts Should Be Timely But Cautious - Buba's Nagel

MNI BRIEF: ECB Policy Decisions Based On Broad Analysis- Lane

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

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

Pay Disputes Linger Despite Amplats Deal

SOUTH AFRICA
  • Today sees the signature of the wage deal agreed between unions and Amplats, a formality following the agreement made on Tuesday this week. The deal sees wage agreements across the next five years, and will come into effect from July onwards. The deal sees wages rise by R1,100 pm in year one, and up to R1,500 increase in year five.
  • Elsewhere, strikes across South Africa’s tax collection agencies are to target ports initially, according to the Public Servants Association, in a dispute over pay. 6,000 workers are to up tools, as workers rejected an offer for a 1.3% pay rise and a R3,000 one-off bonus. The union is demanding a pay rise of 11.5%.
  • BusinessLive cites the DG of the Treasury as saying that of the 257 municipalities in South Africa, 170 are in “financial distress” and thereby require Treasury intervention – but the Treasury cannot cope with the demands. Mogajane added that 43 of those municipalities qualify for government intervention as prescribed in SA’s constitution.
  • EWN reports that South Africa has passed the peak of the current wave of COVID19, according to the head of the Centre for Respiratory Diseases, with the North Cape the only province in which cases are rising. * PPI data due later today is expected at 0.9% M/M, 12.0% Y/Y.
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.