Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
- USD/ZAR trades slightly higher at the open, broadly in line with some early USD strength.
- Price action remains below 13.50 after the US NFP miss sparked a bout of risk-on.
- Domestic focus this week remains on public sector wage talks, which continue to edge towards national strikes as govt holds firm on its 1.5% offer.
- Murmurings of Cabinet reshuffles starting to re-emerge after going quiet in May, most likely brought back by recent allegations against HealthMin Mkhize.
- A Cabinet reshuffle would really cement Ramaphosa's grip on power in the party amid extensive factional infighting.
- Eskom Load-shedding risks remain acute and escalating, despite Eskom's improved debt situation.
- Unplanned breakdowns reman high and the risk of moving to more severe outages in the stage 4-5 zone would be a major drag on the recovery.
- Domestically we have a raft of data this week, including GDP which is expected to be strong, given higher commodity prices.
- Current Acc & mining data is also due at the end of the week alongside US CPI.
- The cross is now back in oversold territory on the RSI and well beyond fair value at 14.00-14.50, but continues to gains downside momentum in bouts of risk-on.
- Intraday Sup1: 13.3941, Sup2: 13.2406, Res1: 13.5111, Res2: 13.6780