MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Authorities Exempts Eskom, Transnet from Cost-Cutting Rules

SOUTH AFRICA
  • South African authorities will exclude state-owned logistics company Transnet and power utility Eskom from an updated set of cost-containment measures for national departments and provinces, Business Day reported citing a note from the National Treasury. The guidelines are intended to help slash expenditure as government grapples with an estimated revenue shortfall of ZAR22bln in the current fiscal year.
  • Due to the sustained improvement in generation capacity, loadshedding was suspended at midnight until 1600 today, Eskom said in a statement earlier today. Thereafter, Stage 3 loadshedding will be implemented from 1600 until 0500 on Thursday, followed by Stage 1 loadshedding from 0500 until 1600.
  • South Africa is due to report August inflation figures later this morning at 0900BST/1000SAST. Consensus looks for an uptick in headline inflation to +4.8% Y/Y from +4.7%, according to a Bloomberg survey of analysts. Core inflation may have stayed at +4.7% Y/Y last month. The SARB are looking to anchor inflation and inflation expectations around the +4.5% Y/Y mid-point of the inflation target range and will announce their next monetary policy decision later in the day.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.