Free Trial

"Ramaphosa Factor" Seen As Key In Support For ANC, Retail Sales On Tap

SOUTH AFRICA
  • The Daily Maverick reported that a new survey by the University of Johannesburg showed that people trusting President Cyril Ramaphosa were 77% more likely to vote for the ruling African National Congress (ANC), which underscores the importance of his personal popularity for the support for the party. Ramaphosa's popularity increased by about 20pp from 54% in 2019, although the reasons for that were not clear.
  • Statistics SA will release retail sales data for March at 12:00BST/13:00SAST. Price-adjusted retail sales may have contracted by 0.6% Y/Y, according to Bloomberg consensus.
  • President Cyril Ramaphosa will sign the National Health Insurance (NHI) Bill into law today at 13:00BST/14:00SAST, despite widespread criticism.

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.