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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 AccessEskom Looks For New CEO, Non-Farm Payrolls On Tap Today
- Eskom has reduced load-shedding to Stage 4 this morning and outlined plans to move to Stage 3 on Sunday. The energy utility is looking for a new CEO after Andre De Ruyter stepped down, bowing to pressure from Mineral Resource and Energy Minister Gwede Mantashe, who accused Eskom chief of sabotage. Some observers are suggesting that De Ruyter's resignation was linked to factional infighting in the ruling ANC party, as President Ramaphosa stayed tight-lipped when the Eskom chief came under attack from his minister. De Ruyter will continue to serve as interim CEO until the end of March 2023.
- ANC delegates are heading to Johannesburg where the party will hold its national elective conference from Friday. The focus will be on the election of top six party executives, with President Ramaphosa remaining the frontrunner to win the leadership contest.
- Q3 non-farm payrolls and November PPI will cross the wires shortly, concluding data releases for the week. Reminder that South Africa will observe a public holiday tomorrow.
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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.