MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Vote Count Underway, SARB Rate Decision Eyed

SOUTH AFRICA
  • The vote count after the South African elections is underway, with the rand trading on the back foot as early results fuel concerns about the probability of the least market-friendly scenarios. The Electoral Commission's (IEC's) CEO Sy Mamabolo said that "evidently we are in for a higher turnout than in 2019," when turnout was 66%. When this is being typed, with 10.84% of votes already counted, the ruling African National Congress (ANC) leads with 42.57%, with the Democratic Alliance (DA) in second place with 26.04%. Should the ANC's final result be significantly below 50%, it might be forced to partner either with its archrivals from the DA, or with radical leftist EFF and/or MK parties. The prospect of the EFF and MK parties entering investors has spooked the market due to their wide-ranging nationalisation plans and populist policy proposals.
  • The South African Reserve Bank (SARB) is expected to keep the repo rate unchanged at 8.25% today. Inflation is yet to return to the target mid-point, which the central bank flagged as a condition for lowering interest rates. The decision will be announced during a press conference at 14:00BST/15:00SAST. Click here to see our preview of the decision.
  • Statistics SA will release April PPI data at 10:30BST/11:30SAST. Separately, the National Treasury will release budget data at 13:00BST/14:00SAST.
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market NewsPolitical Market News
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market NewsPolitical Market News

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.