MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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

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

SOUTH AFRICA: S. Africa Reports June PPI After Headline CPI Slows To +5.1% Y/Y

SOUTH AFRICA
EM BulletBulletGlobalEmerging Market NewsRegion
  • The Daily Maverick reported that ANC rapporteur Amanda Vilakazi called upon the party's National Disciplinary Committee (NDC) to expel ex-President Jacob Zuma for his involvement with the uMkhonto weSizwe (MK) Party. Zuma failed to attend the virtual hearing after his request for an in-person one was declined.
  • Trade Minister Parks Tau echoed US President Joe Biden's call for an extension to the African Growth and Opportunity Act (AGOA) beyond the 2025 expiry date, noting that a long-term re-authorisation would provide policy certainty and foster industrial growth on the continent.
  • South Africa's headline CPI inflation slowed to +5.1% Y/Y in June, the lowest level this year, in line with expectations. Core CPI eased to +4.5% Y/Y, marginally missing the consensus forecast of +4.6%. The focus turns to PPI data, due for release today at 10:30BST/11:30SAST.
  • Stanlib said that South Africa may struggle to keep inflation sustainably at +4.5% Y/Y over the next few years amid problems with infrastructure backlogs and fiscal constraints.
158 words

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.
  • The Daily Maverick reported that ANC rapporteur Amanda Vilakazi called upon the party's National Disciplinary Committee (NDC) to expel ex-President Jacob Zuma for his involvement with the uMkhonto weSizwe (MK) Party. Zuma failed to attend the virtual hearing after his request for an in-person one was declined.
  • Trade Minister Parks Tau echoed US President Joe Biden's call for an extension to the African Growth and Opportunity Act (AGOA) beyond the 2025 expiry date, noting that a long-term re-authorisation would provide policy certainty and foster industrial growth on the continent.
  • South Africa's headline CPI inflation slowed to +5.1% Y/Y in June, the lowest level this year, in line with expectations. Core CPI eased to +4.5% Y/Y, marginally missing the consensus forecast of +4.6%. The focus turns to PPI data, due for release today at 10:30BST/11:30SAST.
  • Stanlib said that South Africa may struggle to keep inflation sustainably at +4.5% Y/Y over the next few years amid problems with infrastructure backlogs and fiscal constraints.