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SOUTH AFRICA: Unrest At Mozambique Border Disrupts Trade

SOUTH AFRICA
  • Neighbouring Mozambique remains in post-election turmoil, with a contested landslide victory for the ruling party triggering widespread protests. Bloomberg reported that protesters blocked a border crossing with South Africa again after it briefly re-opened on Thursday. The article notes that the border "connects South Africa's industrial heartland with the Maputo port - Mozambique's biggest."
  • USD/ZAR pierced its 200-DMA yesterday but struggled to stay above that moving average and pulled back this morning. The rand has been under pressure amid the recent weakness in precious metals.
  • The National Treasury will sell inflation-linked bonds.
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  • Neighbouring Mozambique remains in post-election turmoil, with a contested landslide victory for the ruling party triggering widespread protests. Bloomberg reported that protesters blocked a border crossing with South Africa again after it briefly re-opened on Thursday. The article notes that the border "connects South Africa's industrial heartland with the Maputo port - Mozambique's biggest."
  • USD/ZAR pierced its 200-DMA yesterday but struggled to stay above that moving average and pulled back this morning. The rand has been under pressure amid the recent weakness in precious metals.
  • The National Treasury will sell inflation-linked bonds.