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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 AccessCovid Cases Spike above 8000, Eskom Under Pressure as Load-Shedding Worsens
LOCAL NEWS
- Covid cases spike yesterday, reaching 8,881 new cases and 127 deaths. NCID notes the uptick is evidence of the predicted third wave. Moves above 10k will likely precipitate harder restrictions in the coming weeks.
- Eskom moves to stage 3 load-shedding (0800-2200) from stage 4 late last night after a slight improvement in generation performance.
- However there have been additional breakdowns at Kusile, Matla & Tukta plants.
- Experts warn Eskom's power struggles will continue unless something is done to upgrade its ailing infrastructure.
- Eskom's plans to conduct over 4,000mw of maintenance next week are likely off the table
- Govt says it will likely keep a smaller percentage of its SAA shareholding and the airline will not change its name.
- Negotiations with the strategic equity partner are at advanced stage with due diligence likely to be completed in 6-8 weeks
To read the full story
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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.