MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Top Court Declares Ex-President Jacob Zuma Ineligible To Run In Elections

SOUTH AFRICA
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News

South Africa's Constitutional Court unanimously decided to declare former President Jacob Zuma ineligible to stand in the upcoming election to the National Assembly due to a prison sentence he received in 2021.

  • The constitution prohibits anyone who received a prison sentence of more than 12 months from running in elections for five years after the completion of the sentence. Zuma's lawyers were arguing that his sentence was reduced to three months in virtue of a presidential pardon, but the top court found it irrelevant to the matter.
  • This comes as a setback for Zuma's MK Party, which is preparing for the national and provincial elections slated for May 29. The verdict will lead to the removal of Zuma's name from the top position of the party's national candidate list. It can be expected that the MK Party will be trying to portray the verdict as politically motivated.
145 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.

South Africa's Constitutional Court unanimously decided to declare former President Jacob Zuma ineligible to stand in the upcoming election to the National Assembly due to a prison sentence he received in 2021.

  • The constitution prohibits anyone who received a prison sentence of more than 12 months from running in elections for five years after the completion of the sentence. Zuma's lawyers were arguing that his sentence was reduced to three months in virtue of a presidential pardon, but the top court found it irrelevant to the matter.
  • This comes as a setback for Zuma's MK Party, which is preparing for the national and provincial elections slated for May 29. The verdict will lead to the removal of Zuma's name from the top position of the party's national candidate list. It can be expected that the MK Party will be trying to portray the verdict as politically motivated.