CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Ramaphosa & Steenhuisen To Meet For Another Round Of Cabinet Talks

SOUTH AFRICA
  • The Sunday Times reported that the Democratic Alliance (DA) is "playing hardball" in the ongoing cabinet negotiations, requesting the appointment of at least 10 of its MPs in key economic portfolios and the Deputy President position for party leader John Steenhuisen. However, the ANC has reportedly said that the inclusion of more parties in the GNU means that there are fewer cabinet posts available for each individual coalition member. EWN reported that Ramaphosa and Steenhuisen will meet today to iron out differences and are edging towards a deal, whereby "eight might be the magic number" - a compromise between the 10 portfolios demanded by the DA and the 6 offered by the ANC. Note that an IOL report quoted slightly different numbers, noting that the DA wanted 7 portfolios but then reduced its demands to 5.
  • Gauteng Premier Panyaza Lesufi had to postpone the announcement of his new cabinet after provincial coalition talks unexpectedly hit a snag. Lesufi noted that negotiators have asked for more time, which resulted in the delay. Unidentified sources told IOL that President Ramaphosa has told Lesufi to resume talks and include DA members in his provincial cabinet in order to avoid negative consequences for the national GNU.
  • This comes after Al Jama-ah party on Saturday became the 10th member of the government of national unity (GNU) led by President Cyril Ramaphosa, completing the first stage of coalition formation. His African National Congress (ANC) said in a statement that the addition of any further parties will only be possible in consultation with other members of the coalition. The coalition still excludes the Economic Freedom Fighters (EFF) and the uMkhonto Wesizwe (MK) party.
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market NewsPolitical Market News
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market NewsPolitical 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.