MNI BRIEF:NGEU To Lift Growth Less Than Expected -ECB Bulletin

MNI BRIEF: US Hiring, Pay Growth Continue Downshift- ADP

MNI BRIEF: EZ Short-Term Uncertainty Low, Long-Term High -ECB

MNI China Daily Summary: Wednesday, January 8

MNI: PBOC Net Injects CNY1.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1887 Weds; -2.33% Y/Y

US EIA: CRUDE OIL STOCKS EX SPR -0.96M TO 414.6M JAN 03 WK

MNI:US NOV WHOLESALE INV -0.2%; SALES 0.6%

MNI: US JOBLESS CLAIMS -10K TO 201K IN JAN 04 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH AFRICA: SARB Warns Of Financial Risks From Infrastructure Deterioration

SOUTH AFRICA
EM BulletBulletEmerging Market News
  • The South African Reserve Bank (SARB) warned that deteriorating infrastructure is a risk to the stability of the financial system. In its Financial Stability Review (FSR), the SARB said that "the sustained deterioration in critical infrastructure poses direct operational risks," adding that "while electricity availability appears to be gradually returning to historical trends, other critical infrastructure such as the supply and quality of water as well as transport infrastructure - especially rail, port and road networks - continues to degrade."
  • The Mail and Guardian reported that the African National Congress's (ANC's) National Executive Committee (NEC) may finalise the dissolution of two provincial bodies at its meeting that will be held in two weeks. The outlet suggested that the Gauteng provincial committee will likely face the chop "because of its arrogance," but the KwaZulu-Natal committee could survive. Gauteng Premier Panyaza Lesufi, who leads the ANC in the province, has been mooted as a potential candidate for ANC presidency in 2027.
  • South Africa's private sector credit rose by 4.26% Y/Y in October, missing the consensus estimate of +4.80%. M3 money supply was up by 7.79% Y/Y.
  • The focus turns to October trade balance and monthly budget balance, which will cross the wires at 12:00GMT/14:00SAST.
199 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 South African Reserve Bank (SARB) warned that deteriorating infrastructure is a risk to the stability of the financial system. In its Financial Stability Review (FSR), the SARB said that "the sustained deterioration in critical infrastructure poses direct operational risks," adding that "while electricity availability appears to be gradually returning to historical trends, other critical infrastructure such as the supply and quality of water as well as transport infrastructure - especially rail, port and road networks - continues to degrade."
  • The Mail and Guardian reported that the African National Congress's (ANC's) National Executive Committee (NEC) may finalise the dissolution of two provincial bodies at its meeting that will be held in two weeks. The outlet suggested that the Gauteng provincial committee will likely face the chop "because of its arrogance," but the KwaZulu-Natal committee could survive. Gauteng Premier Panyaza Lesufi, who leads the ANC in the province, has been mooted as a potential candidate for ANC presidency in 2027.
  • South Africa's private sector credit rose by 4.26% Y/Y in October, missing the consensus estimate of +4.80%. M3 money supply was up by 7.79% Y/Y.
  • The focus turns to October trade balance and monthly budget balance, which will cross the wires at 12:00GMT/14:00SAST.