SOUTH AFRICA: Opposition Democratic Alliance Calls For Snap Election

Dec-01 10:02

South Africa's main opposition Democratic Alliance will table a motion to trigger a snap election and calls for all parties to support it, DA leader John Steenhuisen said.

  • "South Africans should not have to choose between the Phala Phala corruption of Cyril Ramaphosa, the Digital Vibes corruption of Zweli Mkhize or the Mafia state of David Mabuza," the Democratic Alliance said in a statement.
  • The motion would require a simple majority of 50% plus one to pass, with the President Ramaphosa's African National Congress commanding a majority of 57.5%.
  • Minister in the Presidency Mondii Gungubele said that the President will make an announcement on the matter in due course, without providing further details.

Historical bullets

GILTS: Over 100 ticks reversal

Nov-01 09:31
  • A 100 ticks reversal for Gilt, now back at session low, below the open.
  • Gilt/Bund spread is now 2.6bps wider, after seeing decent tightening on the Gilt punchy upside open.
  • No spillovers into EGBs, nor Treasuries, as of yet.
  • Clip sellers in Treasuries, cumulative, USZ2 in 1k, TYZ2 3k and FVZ2 2.5k.
  • Bund is also drifting a few ticks.

MNI: UK FINAL OCT MANUF. PMI 46.2 (FLASH 45.8); SEP 48.4

Nov-01 09:30



  • MNI: UK FINAL OCT MANUF. PMI 46.2 (FLASH 45.8); SEP 48.4

US TSY OPTIONS: 10yr latest options

Nov-01 09:23
  • TYZ2 113.75/115cs 1x2, bought for 2 in 2.5k.
  • TYZ2 110/107ps, bought for 34 in 5k.