Today we are taking a look at:

  • SARB leaves interest rate unchanged but sounds mildly hawkish, CPI forecasts downwardly revised while the growth forecast was upwardly revised
  • USDZAR weakens substantially overnight as cabinet reshuffle and Gordhan removal materialises; Dollar firmer, global majors on the back foot
  • Top 40 sheds 0.41%, led by health care stocks; US equities closed firmer, Asian markets mostly lower this morning
  • US Q4 GDP finalised at 2.1%; SA PPI eases as most underlying subcomponents decelerate