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Process To Replace SARB Dep Gov Underway, Mining Output Data On Tap

SOUTH AFRICA
  • Presidential spokesperson Vincent Magwenya said that the process to replace SARB Deputy Governor Kuben Naidoo is underway and "an announcement will be made upon the conclusion of the process". Naidoo is currently on garden leave, which reduces the number of MPC members to four, leaving Governor Lesetja Kganyago with the tie-breaking vote ahead of next week's rate decision.
  • The Daily Maverick ran a piece citing legal experts who claimed that the International Court of Justice (ICJ) might order Israel to deliver humanitarian aid to Gaza, as requested by South Africa in its case, but were not sure it it would order the nation to halt its military operation.
  • South African November mining output data will hit the wires at 09:30GMT/11:30SAST. Consensus looks for a 3.0% Y/Y increase.

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