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SOUTH AFRICA: Talks On Tshwane Mayor Ongoing, S&P Global PMI On Tap

SOUTH AFRICA
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  • The African National Congress's (ANC's) Tshwane secretary George Matjila said that the metropolitan area will likely have a new mayor on Thursday after Democratic Alliance's (DA's) Cilliers Brink was voted out last week. Matjila added that negotiations around Brink's likely successor are ongoing, while the ANC will not be intimidated by the DA's threats to retaliate in other municipalities if the ANC refuses to reinstate Brink.
  • Deputy Finance Minister David Masondo played down the potential for South Africa's imminent exit from the Financial Action Task Force's (FATF's) greylist, noting that it will likely be achieved only in October 2025.
  • The latest reading of South Africa's S&P Global PMI will be published at 08:15BST/09:15SAST. Later in the day, electricity production/consumption data will hit the wires at 12:00BST/13:00SAST.
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  • The African National Congress's (ANC's) Tshwane secretary George Matjila said that the metropolitan area will likely have a new mayor on Thursday after Democratic Alliance's (DA's) Cilliers Brink was voted out last week. Matjila added that negotiations around Brink's likely successor are ongoing, while the ANC will not be intimidated by the DA's threats to retaliate in other municipalities if the ANC refuses to reinstate Brink.
  • Deputy Finance Minister David Masondo played down the potential for South Africa's imminent exit from the Financial Action Task Force's (FATF's) greylist, noting that it will likely be achieved only in October 2025.
  • The latest reading of South Africa's S&P Global PMI will be published at 08:15BST/09:15SAST. Later in the day, electricity production/consumption data will hit the wires at 12:00BST/13:00SAST.