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SOUTH AFRICA: S. Africa To Receive EU Grant Support Sustainability Goals

SOUTH AFRICA
EM BulletBulletGlobalEmerging Market NewsRegion
  • USD/ZAR failed to break above the 18.0 figure and attack the nearby resistance levels, which leaves it in a well-defined trading range that can be traced back to mid-August. The pair resumed losses this morning and last deals at 17.8730.
  • Foreign Minister Ronald Lamola said that South Africa will likely spend around ZAR691mn on hosting the G20 summit next year, including earlier meetings of sherpas and top diplomats. Pretoria will take the rotational presidency of the group at the beginning of December.
  • Energy Minister Kgosientsho Ramokgopa and EU Energy Commissioner Kadri Simson announced that the EU will grant South Africa ZAR628mn in aid to boost the development of green hydrogen energy and support the country's sustainability goals.
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  • USD/ZAR failed to break above the 18.0 figure and attack the nearby resistance levels, which leaves it in a well-defined trading range that can be traced back to mid-August. The pair resumed losses this morning and last deals at 17.8730.
  • Foreign Minister Ronald Lamola said that South Africa will likely spend around ZAR691mn on hosting the G20 summit next year, including earlier meetings of sherpas and top diplomats. Pretoria will take the rotational presidency of the group at the beginning of December.
  • Energy Minister Kgosientsho Ramokgopa and EU Energy Commissioner Kadri Simson announced that the EU will grant South Africa ZAR628mn in aid to boost the development of green hydrogen energy and support the country's sustainability goals.