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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 AccessANC's NEC To Discuss Ramaphosa, Eskom Remains In Crisis Mode
- The Phala Phala scandal keeps fuelling tensions within the ruling party. The ANC's National Executive Committee (NEC) will convene today to discuss a report by the party's integrity committee on the conduct of President Ramapahosa in relation to the scandal. Ramaphosa's rival in the race for party leadership Zweli Mkhize described the latest NEC meeting as "mafia style," accusing party executives of bullying the Committee into rejecting the Section 89 report.
- The decision to postpone the planned start to maintenance works at Koeberg nuclear-power plant allowed Eskom to avoid escalating its load-shedding to Stage 7 Thursday night, Moneyweb reports. With the six-month outage of Koeberg's Unit 1 now due to start tomorrow, there are concerns that the electricity utility will be forced to ramp up its rolling blackouts. Eskom has come under criticism for not having prepared load-shedding levels or schedules going beyond Stage 8.
- The Ministry of Mineral Resources and Energy reduced the number of bidders in the latest round for the renewable energy procurement programme, with no wind projects awarded. Minister Mantashe said that only 860MW in projects were greenlighted in Bid Window 6 "because there is no grid capacity to sign more on now," another reminder about the predicament of South Africa's energy system.
- South Africa's public servant unions are planning to resume strikes today. The Public Servants Association (PSA) said that they are "prepared for indefinite strike action."
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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.