MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

SARB Gov Kganyago Says Taming Inflation Is Not Over, Tsy's Modise May Become New Dep Gov

SOUTH AFRICA
  • South African Reserve Bank (SARB) Governor Lesetja Kganyago told the Financial Times that "the job of taming inflation is not yet done," reiterating that "the arrival of one swallow does not make a summer." He also noted that there are ongoing discussions on whether and how to tap the government's gold and foreign exchange reserves held at the central bank.
  • The Business Times reported that the Treasury's Mampho Modise will likely replace Kuben Naidoo as SARB Deputy Governor. Modise is believed to be the preferred choice of Finance Minister Enoch Godongwana.
  • Eskom suspended loadshedding in the wake of last week's flare-up and said that it would alternate between no power cuts and Stage 2 outages until further notice.
  • The key event this week is Finance Minister Godongwana's budget speech scheduled for Wednesday.
  • The main opposition Democratic Alliance (DA) will today release its manifesto and its version of the government budget.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.