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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
MNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Formal Eskom Negotiations Resume Friday
- Stage 4 loadshedding is currently underway across the country, after Eskom confirmed overnight that they had replenished their emergency reserves sufficiently to not require Stage 6 Loadshedding during the morning. However, Stage 6 Loadshedding will be implemented from 16:00-22:00 local time today so as not to deplete these reserves any further. Stage 4 is being implemented until 16:00 local.
- Eskom CEO today holds an open media conference to provide further information on the “current system challenges” at 11am local time (1000BST/0500ET).
- Today, negotiators are due to formally present the supposed 7% pay increase offer to unions, after progress in talks was made earlier in the week. A report yesterday suggested that both the NUM and Numsa had outright rejected the offer – however media this morning is refuting that original report, stating that the rejection claims are false.
- Fin24 reported late yesterday that Gordhan and the President were exploring emergency measures for the utility, after the extended stage 6 loadshedding.
- Lastly, Moneyweb writes that one of South Africa’s essential trade and manufacturing regions, the Eastern Cape, is set to receive an R9.1bln infrastructure development investment by Transnet National Ports Authority. The export boost investment plans to assist the province’s automotive, agricultural, rail and port infrastructure.
- Absa Manufacturing PMI data takes focus going forward, with May’s figure showing a decent growth clip at 54.8.
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.