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SOUTH AFRICA: Trade Balance & Budget Data Eyed

SOUTH AFRICA
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  • Democratic Alliance (DA) leader John Steenhuisen said that his party does not regret being part of the government of national unity (GNU) despite some policy differences with the African National Congress (ANC). He noted that the DA would push for a reduction of the debt-to-GDP ratio below 70% in the next five years.
  • News24 reported that ActionSA threatened to exit the Tshwane coalition government if the ANC fielded a mayoral candidate. This comes after ActionSA's withdrawal from a coalition with the DA paved the way for the ouster of Mayor Cilliers Brink.
  • Private sector credit expanded by 4.95% Y/Y in August, according to data from the SARB. Meanwhile, M3 money supply grew by 6.11% Y/Y.
  • South Africa's August trade balance and budget balance will cross the wires at 13:00BST/14:00SAST. Consensus looks for a trade surplus of ZAR19.1bn. Monthly budget deficit may have narrowed to ZAR21.1bn.
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  • Democratic Alliance (DA) leader John Steenhuisen said that his party does not regret being part of the government of national unity (GNU) despite some policy differences with the African National Congress (ANC). He noted that the DA would push for a reduction of the debt-to-GDP ratio below 70% in the next five years.
  • News24 reported that ActionSA threatened to exit the Tshwane coalition government if the ANC fielded a mayoral candidate. This comes after ActionSA's withdrawal from a coalition with the DA paved the way for the ouster of Mayor Cilliers Brink.
  • Private sector credit expanded by 4.95% Y/Y in August, according to data from the SARB. Meanwhile, M3 money supply grew by 6.11% Y/Y.
  • South Africa's August trade balance and budget balance will cross the wires at 13:00BST/14:00SAST. Consensus looks for a trade surplus of ZAR19.1bn. Monthly budget deficit may have narrowed to ZAR21.1bn.