Free Trial

Cold Weather Entails Higher Load-Shedding Levels, SARB Gov Kganyago To Speak

SOUTH AFRICA
  • Wrapping up a four-day meeting of ANC's National Executive Committee (NEC), its leader and South African President Cyril Ramaphosa told party representatives in the government that they must deliver on the priorities set by the party or face harsh consequences. Ramaphosa was seeking to mobilise his party ahead of the 2024 elections, following an election manifesto workship held together with Cosatu and the South African Communist Party during the ANC's four-day session.
  • Cold weather conditions pushed Eskom to increase load-shedding levels, with the utility now moving between Stages 2 and 4 until further notice. Despite the latest escalation in power outages, BusinessTech ran a report suggesting that South Africa's projected blackout hours for 2023 have been slowly dropping over the past weeks, even as the current year is already a record year for load-shedding.
  • South Africa will release May manufacturing production data at 12:00BST/13:00SAST. The focus will then move to SARB Governor Lesetja Kganyago, who will deliver a lecture at 15:50BST/16:50SAST, which will be followed by a conversation with IMF chief Kristalina Georgieva.

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.