MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH AFRICA: Eskom’s Turnaround Dragged by Building Municipal Debt

SOUTH AFRICA
EM BulletBulletEmerging Market News
  • Ramaphosa has made minor changes as part of a cabinet reshuffle with Thembi Simelane moved from Justice to Human Settlements, while Kubayi moves from her position as Human Settlements Minister to become Minister of Justice and Constitutional Development.
  • Eskom’s turnaround plans have been jeopardized by the further build in municipal debt costs, casting a shadow over the recovery in the utility. Eskom executives cite municipalities failing to pay their full dues, or failing to pay at all. They see the situation deteriorating further this year, with bigger metros joining municipalities in failing to pay their bills.
  • The South African Chamber of Commerce have stated South Africa needs to stop finding excuses for economic underperformance, and that South Africa is struggling to “bed down its recovery program”. The group cite the success of Operation Vulindlela to loosen economic hurdles, however these measures may not be enough to tackle unemployment, poverty and inequality.
  • Data and speakers are few and far between Friday, with focus likely on the US jobs print set for later today.
169 words

To read the full story

Close

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.
  • Ramaphosa has made minor changes as part of a cabinet reshuffle with Thembi Simelane moved from Justice to Human Settlements, while Kubayi moves from her position as Human Settlements Minister to become Minister of Justice and Constitutional Development.
  • Eskom’s turnaround plans have been jeopardized by the further build in municipal debt costs, casting a shadow over the recovery in the utility. Eskom executives cite municipalities failing to pay their full dues, or failing to pay at all. They see the situation deteriorating further this year, with bigger metros joining municipalities in failing to pay their bills.
  • The South African Chamber of Commerce have stated South Africa needs to stop finding excuses for economic underperformance, and that South Africa is struggling to “bed down its recovery program”. The group cite the success of Operation Vulindlela to loosen economic hurdles, however these measures may not be enough to tackle unemployment, poverty and inequality.
  • Data and speakers are few and far between Friday, with focus likely on the US jobs print set for later today.