MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

MNI China Daily Summary: Thursday, March 28

Japan Feb Retail Sales +4.6% Y/Y

Japan Feb Ind. Output -0.1% M/M; Shipments -0.4% M/M

Japan Tokyo Mar Core CPI +2.6% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Ramaphosa Stages First Defence in Farm Theft Saga

SOUTH AFRICA
  • News24 report that the ANC have now extended the step-aside rule to everyone competing for leadership positions across the party. This rule prevents those accused of crimes from running for leadership in the ANC – a move which has been seen as a targeted measure to prevent supporters of ex-President Zuma from running a successful campaign against Ramaphosa in the leadership elections due later this year.
  • On the accusations against Ramaphosa and his involvement in the Phala Phala scandal, the Daily Maverick writes that the President’s testimony to an independent panel will likely shed some light on the affair, but there is very little chance of any impeachment proceedings advancing from here.
  • Nonetheless, opposition parties are due to meet today to discuss options surrounding the President, which include the possible use of a section 89 committee – which would move to use constitutional powers to remove the President.
  • The President has reportedly testified that ‘only’ $600,000 was stolen from his farm – significantly less than the $4 million reported originally, according to News24. The piece also noted that other aspects of the initial reports were inaccurate, and that details had been submitted to the Public Protector.
  • SACCI Business Confidence crosses later today, but is likely to take a backseat to the US CPI release at 1330BST/0830ET. Markets look for M/M CPI to rise 0.2%, and 0.5% for ex-food and energy.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Markets News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Markets 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.