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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 To Escalate Power Rationing, Cabinet To Discuss ICC Arrest Warrant For Putin
- Eskom will ramp up load-shedding to Stage 3 this afternoon and run it until Tuesday morning, after which it will alternate between Stage 1 and Stage 2. The outlook for power outages has worsened after it was confirmed that maintenance works at South Africa's only nuclear plant are running 45 days behind schedule. Although Electricity Minister Kgosientsho Ramokgopa said that reaching Stage 6 won't likely be implemented, it is expected that power outages will deepen in the winter period.
- Finance Minister Enoch Godongwana outlined a plan to get South Africa off the Financial Action Task Force (FATF) gray list. He noted that the focus must be on bolstering the country's security cluster "because most of our problems arise from that cluster." South Africa is looking to address its eight "strategic deficiencies" by end-January 2025, which is a condition for being taken off the list.
- Public broadcaster SABC reports that the Cabinet is expected to discuss the ICC arrest warrant for Russian President Vladimir Putin and its implications for his potential attendance at an August BRICS summit. South Africa once disregarded an ICC arrest warrant for Sudanese President Omar Al-Bashir but was arguing at the time that he was in the country for an African Union summit rather than a bilateral visit, while a local court later ruled that the authorities should have cooperated with the ICC.
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.