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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: RBA Holds, Notes Declining Inflation Risk
MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
ANC Facing Internal Issues Just Two Weeks Before Local Elections
LOCAL NEWS
- ANC is facing internal troubles just two weeks before the local elections with preparations being made for a welcome home rally for ex-president Zuma, military veterans holding a Luthuli House sit-in earlier in the week and rumoured political moves by Magahsule-aligned ANC members targeting Eastern Cape Premier Mbuyane and also registering as independent candidates to challenge the ANC in local elections.
- This comes at a time when the party is trying to salvage its image, dented in many municipalities by poor service delivery & corruption
- Energy Min Mantashe reiterates his opposition to the climate finance and just transition deal – saying rich nations should force SA to abandon coal and impose conditions as a requirement for funding.
- His position places him squarely at odds with Ramaphosa who has called for a reduction in emissions. Mantashe warned the switch to renewables could risk power shortages like those seen in india and China and defended the prior energy blueprint calling for 1500mw of new coal capacity & 3000mw of gas fired generation
- Eskom Suspends load-shedding after 6-days of power cuts, but warned that significant risks remained to some generating units which could cause load-shedding at short notice
- Transport Min Mbalula promises a new deadline for the Gauteng e-toll matter to be resolved. Says Govt is "determined" to see the issue laid to rest before the end of the year, with some form of an announcement expected during the mid-term budget in November.
- Gauteng motorists continue to ignore the system, while road agency Sanral racks up debt and suffers losses due to the govt indecision
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.