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Eskom Suspends Loadshedding Until Sunday

SOUTH AFRICA
  • Eskom said that "due to sufficient generation capacity including emergency reserves, expected units to be returned to service as well as anticipated lower demand into the weekend, loadshedding will remain suspended until 16:00 on Sunday". The week ahead outlook will be published on Sunday.
  • BMI said in a note that the SARB could raise interest rates by 25bp in November amid signs of building inflationary pressures. Data yesterday showed that factory-gate inflation accelerated to +5.1% Y/Y in September, topping the +5.0% consensus call.
  • The FTSE/JSE Africa All Share Index closed below the 70,000 mark for the first time since November 2022 amid pressure to the global equity space.

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