Ramaphosa Sets to Deliver his 6th SONA Speech (1700GMT), Mining Data Eyed

LOCAL NEWS

• Ramaphosa to deliver his SONA speech at 1700GMT: Key topics include grants, Eskom/SOEs, corruption, security, ANC factionalism and the economy. Most analysts believe Ramaphosa will favour an extension of the current R350 SRD grant over the permanent basic income grant. Useful article highlighting progress Ramaphosa made since the last SONA: https://www.dailymaverick.co.za/article/2022-02-09...
• Panel of experts says Ramaphosa has failed to control the ANC and the mechanisms that enable corruption. Panel says his anti-corruption stance has isolated him from both allies and enemies within the party implicated in corruption. Also notes that the fight against corruption has plateaued in recent months, making little fresh progress - EWN
• City of Tshwane embarks on major revenue collection campaign in an attempt to regain R17bn in lost revenues due to non-payment. Mayor warns the 44% of customers and businesses the fail to pay their bills will see their power shut off – 702 CapeTalk

Data:

• 0930GMT: Dec Mining Production m/m exp at -0.8% vs -2.2% prior
• 0930GMT: Dec Mining Production y/y exp at 4.9% vs 5.2% prior
• 0930GMT: Dec Gold Production y/y, -0.7% prior
• 0930GMT: Dec Platinum production y/y, 3.7% prior
• 1130GMT: Dec Manufacturing prod m/m exp at 0.9% vs 3.7% prior
• 1130GMT: Dec Manufacturing Prod y/y exp at -1.4% vs -0.7%