In Johannesburg, South Africa, Q3 saw a 0.3% rise in formal sector employment to 10.176 million, while November’s producer inflation eased to 4.6% from 5.8% in October. Investec economist Lara Hodes attributed relief to producers from fuel price cuts. Following the U.S. Federal Reserve’s rate decision, the rand dipped 0.52%, hitting a four-month low. Despite market surge on the Johannesburg Stock Exchange, the 2030 government bond yield spiked to 9.765%.
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Tuesday, May 27
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