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Covid Cases Draw Closer to 10k/day Mark, Analysts Surprised by Energy REform

SOUTH AFRICA

LOCAL NEWS

  • Covid cases rise to 9,149 overnight from 8,881 the prior day, coming closer to the 10k mark. NICD says SA is now officially in its 3rd wave with Gauteng the hardest hit.
    • 1.52m people have received their first vaccination, with 40m needed to reach herd immunity.
    • Nurses and doctors in Gauteng warning hospitals are struggling with capacity
  • Analysts/Economists surprised by positive energy developments following Ramaphosa's boost to the self-generation threshold yesterday from 1MW to 100MW.
    • However, SA does still face a 2-yr gap in supply and demand and is expected to face significant load-shedding in the near-term.
    • Interestingly, this directly overruled Gwede Mantashe, resulting in calls for his replacement from analysts overnight
  • Eskom moves down from stage 3 to stage 2 load-shedding which is expected to continue through to Sunday – Eskom Twitter
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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