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S. Africa Expects To Keep AGOA Status, Unemployment Data On Tap

  • South Africa's ambassador to BRICS Anil Sooklal told Bloomberg that the nation will likely keep its preferential access to US markets under the African Growth and Opportunity Act (AGOA), as "it is not a one-way issue" and hundreds of US companies are operating in South Africa.
  • According to a BusinessDay report, President Cyril Ramaphosa has got "broad consensus" from "all" BRICS members to expand the bloc. The issue of BRICS expansion will be discussed at the upcoming BRICS Summit.
  • Statistics SA will publish Q2 unemployment data at 10:30BST/11:30SAST. The jobless rate may have ticked lower to 32.8% from 32.9%, according to a Bloomberg poll of economists.
  • SARB Governor Lesetja Kganyago and Basic Education Minister Angie Motshekga will speak at 14:00BST/15:00SAST.

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