LOCKDOWN LEVEL 2 Ver1 [ DAY 2]
TOTAL DAYS 432 – 7 HOURS 40 MINUTES
Vaccine rollout day 116 / J & J VACCINE DAY 112 [Phase 2]
By the close of trade on Monday 31st May 2021, the South African rand strengthened against the US dollar.
- South Africa recorded its twelfth consecutive trade surplus in April, with precious metal exports providing the biggest boost. Markets were very quiet overnight with both the US and UK out on holidays. Global headlines though were interesting with the UK reporting just one virus death and zero deaths in England for the first time since the pandemic began. The UK’s sharp fall in deaths suggests markets can remain confident on the efficacy of vaccines and of a broader pickup in services consumption and travel. On the back of vaccine optimism and US fiscal stimulus the OECD upgraded its forecasts for global growth to 5.8% this year and 4.4% next year from 5.6% and 4.0% respectively back in March.
- The signs were clear last Thursday when China’s PBOC held an unexpected, improvised meeting with major forex market players after which the central bank published a vague if ominous-sounding statement that the yuan exchange rate “can’t be used as a tool to stimulate exports via depreciation nor to offset impact of rising commodity prices via appreciation.” While many had been looking in the rearview mirror, discussing the recent surge in the yuan, and speculating that the PBOC meeting was merely a warning from Beijing that the mercantilist nation (which in recent years has specialized in exporting deadly viruses in the pursuit of a grand reset) wouldn’t look too fondly on more appreciation.
- China announced on Monday that each couple would be permitted to have up to three children, a major policy shift from the existing limit of two children after recent data showed a dramatic decline in births in the world’s most populous country. The change was approved during a politburo meeting chaired by President Xi Jinping, the official news agency Xinhua reported. In 2016, China scrapped its decades-old one-child policy — initially imposed to halt a population explosion — with a two-child limit, which failed to result in a sustained surge in births as the high cost of raising children in Chinese cities.
- The yield on benchmark government bonds mostly fell yesterday. The yield on 2026 bond fell to 7.31%. Further, the yield on 2023 bond advanced to 4.97%, while that for the longer-dated 2030 issue fell to 8.91%.
In early trade on Tuesday 1st June 2021, the US dollar is trading lower against the South African rand at R13.7162, while the euro is trading lower at R16.7722. The British pound has marginally declined against the South African rand to trade at R19.5366.
By the close of trade on Monday 31st May 2021, the euro advanced against most of the major currencies.
- It has been yet another eventful month with Sterling managing to creep back up against most major currencies ending the month at 1.42 against the U.S Dollar and above 1.16 against the Euro. The slightly higher monthly close is owed to low liquidity on the markets on Bank Holiday Monday but generally Sterling has been a lot more bullish this month, with the Euro gaining significantly overall. As we enter June the most important factor which will decide the direction for Sterling exchange rates will be if the UK proceeds with the next step of coming out of lockdown on June 21st.
- German Chancellor Angela Merkel and French President Emmanuel Macron said on Monday that they expected an explanation regarding the revelations that the Danish secret service had aided the US in spying on European leaders. An investigation carried out by a group of European news outlets and broadcasters discovered that Danish intelligence had helped the National Security Agency (NSA) to spy on top politicians in Germany, France and other countries between 2012 and 2014 — when Joe Biden was serving as vice president.
- Germany’s annual consumer price index (CPI) accelerated in May, advancing above the European Central Bank’s target of close to but below 2.0%.
- Australian shares have fallen in afternoon trade, ahead of the Reserve Bank’s decision on interest rates and monetary policy.
- Japanese manufacturing firms continued to indicate a moderate improvement in operating conditions in May. Sustained, albeit softer expansions in both production volumes and new orders contributed to overall growth in the manufacturing sector. As demand conditions continued to improve in the latest survey period, manufacturers were encouraged to take on additional staff for the second month running. Businesses also remained optimistic regarding the year ahead outlook for activity, with positive sentiment at the second-highest level in the respective Index’s nine-year history.
In early trade on Tuesday 1st June 2021, the euro has marginally advanced against the US dollar to trade at $1.2232, while it has weakened against the British pound to trade at GBP0.8632.
Minister Zweli Mkhize confirms total of 1 662 825 cases of Coronavirus COVID-19
30 May 2021
As of today the cumulative number of COVID-19 cases identified in South Africa on 30 May 2021 is 1 662 825, with 3 755 new cases reported over the past 24 hours.
Province Total cases for 30 May 2021 Percentage total
Eastern Cape 197 759 11,9
Free State 101 074 6,1
Gauteng 456 764 27,5
KwaZulu-Natal 339 811 20,4
Limpopo 65 364 3,9
Mpumalanga 82 426 5,0
North West 75 847 4,6
Northern Cape 50 188 3,0
Western Cape 293 592 17,7
Total 1 662 825 100,0
The cumulative recoveries now stand at 1 556 874 representing a recovery rate of 93, 6%.
Province Total Deaths Total Recoveries Active Cases
Eastern Cape 11 657 185 257 845
Free State 4 329 88 614 8 131
Gauteng 11 207 429 685 15 872
KwaZulu-Natal 10 509 325 081 4 221
Limpopo 2 446 62 222 696
Mpumalanga 1 448 79 331 1 647
North West 1 933 67 386 6 528
Northern Cape 1 101 41 075 8 012
Western Cape 11 809 278 223 3 560
Total 56 439 1 556 874 49 512
SISONKE 479 768
PHASE TWO 488 551
SISONKE & PFIZER 968 319
The total vaccinated under the Sisonke Programme is 479 768. The total vaccinated in Phase Two as at midnight today is 488 551. These vaccinations were with the first dose of Pfizer vaccine. Total individuals vaccinated; Sisonke and Pfizer first dose is 968 319.