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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 Ramps Up Load-Shedding, Johannesburg Elects Mayor
- Eskom announced that it will escalate load-shedding due to the delay in returning nine generating units to service. The utility will implement Stage 6 power rationing this evening, before moving back to Stage 4 tomorrow morning. This comes as the government has called on consumers to reduce their use of electricity during peak demand periods, that is from 17:00 to 21:00, which would alleviate some pressure on the grid. Meanwhile, Eskom told Business Day that it has already spent ZAR1.2bn for diesel since April 1 but is yet to finalise its diesel budget for this financial year.
- The City of Johannesburg will elect its third Executive Mayor in just three years during an extraordinary Council meeting today. Former Mayor Thapelo Ahmad stepped down ahead of a no confidence vote against him. The Democratic Alliance has nominated its caucus leader Mpho Phalatse, who was ousted by the Council in January and replaced by Ahmad.
- South Africa returns from a long weekend after observing the Workers' Day on Monday. The data calendar is headlined by April Absa Manufacturing PMI, coming up at 10:00BST/11:00SAST.
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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.