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GOLD TECHS

Bearish Risk Still Present

MARKET INSIGHT

What to watch

BRENT TECHS

(N2) Reversal Exposes Support

BUNDS

Supply and speakers at the forefront

EQUITY TECHS

E-MINI S&P (M2): Clears Support

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LOCAL NEWS

  • Political analysts expect Tourism minister Sisulu to keep her job despite calls for Ramaphosa to remove her following her remarks against the judiciary and constitution.
    • They note that firing her could jeopardize Ramaphosa’s chances of winning a second term as ANC president and cause more factional rifts in the party
  • ANC MP and SCOPA Chair Hlengwa has called for Ramaphosa to be quizzed over ‘misuse’ of state funds used for party campaigns after a leaked recording of an NEC meeting alluded to the use of funds leading up to the 2017 ANC elective conference.
    • No date was given for the committee meeting to discuss the way forward before reaching out to the President
  • Business Chambers and provincial Govts take legal action against Eskom’s planned 20.5% electricity tariff hikes for 2022. Papers have been filed against the Nersa methodology for price increases.
    • Additionally SALGA has applied to cut out the middle man by removing municipalites from the distribution network for electricity to bring prices down
  • ANC staff begin strike over unpaid salaries since October. Follows promises by ANC officials to pay salaries on Saturday that never materialized. A meeting is planned with ANC treasurer on Tuesday
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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