
RMB - Rand Merchant Bank
@RMBCIB
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Following
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RMB is a leading African Corporate and Investment Bank.
Johannesburg, South Africa
Joined March 2011
#Nigeria: We expect the #MPC to maintain the policy rate at 27.50% due to lingering price pressures and external uncertainties. #ThinkAfrica.
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#SouthAfrica: @flysaa (#SAA) reported a R352m loss for the year ending March 2025, despite a 23% rise in revenue to R7bn.
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Following the decline in production output in May, #Nigeria’s total #crudeoil production rebounded in June, printing at 1.70mbpd (incl. condensates) from 1.66mbpd recorded in May. #ThinkAfrica.
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#SouthAfrica: May’s retail sales figures pointed to a substantial loss of momentum in retail sales. Year-over-year growth moderated to 4.2%, easing from the robust 5.2% posted in April. #Markets.
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#Nigeria: We expect #inflation to moderate to 22.3% y/y in June from 23.0% in May due to base effects. #ThinkAfrica.
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#SouthAfrica: Retail sales data is on deck today. After a robust 5.1% y/y (0.9 m/m%) jump in April, buoyed by two-pot withdrawals. #Markets.
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The #Mozambican government has created the necessary conditions for the resumption of @TotalEnergies USD20bn liquefied natural gas (#LNG) project. #ThinkAfrica.
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.@SPGlobal ratings has downgraded #Senegal’s long-term foreign currency rating to B- from B and assigned a negative outlook, while affirming the short-term ratings at B. #ThinkAfrica.
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#SouthAfrica: Mining figures are due today, following a sharp 7.7% y/y (0.6% m/m) contraction in the prior month, driven largely by disruptions in gold production and weakness in the coal sector. #Markets.
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#Ethiopia: The Ethiopia Stock Exchange (#ESX) commenced equities trading with two listed lenders, @WegagenBanksc and @gadaabanksc, and some government securities. #ThinkAfrica.
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#Angola: Headline inflation slowed to 19.7% y/y in June from 20.7% in May, according to the @NacionalAngola (Instituto Nacional de Estatistica). #ThinkAfrica.
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#SouthAfrica: Friday’s #InflationLinkedBond (#ILB) auction was under-allocated as demand for #inflation hedging remained muted. #Markets.
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#Angola: We expect #inflation to slow to 19.9% y/y in June from 20.7% in May, as #disinflation continues due to #currency stability, favourable base effects, and the gradual increase in food supply and domestic production. #ThinkAfrica.
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#Namibia: #HeadlineInflation increased to 3.7% y/y in June 2025, marking a 0.2ppt rise from 3.5% in May 2025 and surprising to the upside relative to our forecast of 3.3%. #ThinkAfrica.
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#SouthAfrica: After six months of annual declines, the #manufacturing sector returned to growth in May, with output rising by 0.5% y/y, driven largely by a 4.3% increase in the metals and machinery division. #Markets.
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