MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Intense Power Cuts May Last Until Mid-Week, US Lawmakers Propose Review Of Relations With SA

SOUTH AFRICA
  • Eskom reduced loadshedding to Stage 5 until further notice from Stage 6 over the weekend, the highest level of power cuts in months. Electricity Minister Kgosientsho Ramokgopa said that "it was like four stages of loadshedding essentially imposed on us" as the utility had to ramp up power outages, with nine generating units going offline due to boiler tube leaks - but he was expecting the situation to improve by mid-week. During his media briefing on Sunday, Ramokgopa repeatedly emphasised that the situation was an "outlier" and South Africa was moving closer to the end of loadshedding, in line with President Cyril Ramaphosa's pledge in last week's SONA.
  • A bipartisan bill has been submitted to the US Congress calling for a review of diplomatic relations with South Africa in the wake of the International Court of Justice (ICJ) ruling on the Gaza situation in a case brought by Pretoria. This comes after last year a bipartisan group of US lawmakers were calling on the White House to review South Africa's trade benefits under the African Growth and Opportunity Act (AGOA).
  • The Social Research Foundation (SRF) said that the new party formed by ex-President Jacob Zuma could contribute to ending the dominance of the African National Congress (ANC) in South African politics. The organisation's polling data showed that the new party could garner 24% of the vote in Zuma's home base of KwaZulu-Natal, the country's second most-populous province, which could reduce the ANC's national vote share by around 5pp.
  • The Economic Freedom Fighters (EFF) unveiled an election manifesto, which included proposals to raise corporate taxes and nationalise the central bank. Should the ANC's vote tally drop below around 45%, it would likely need to form a coalition with one of its main rivals, the centrist Democratic Alliance (DA) or the radical left-wing EFF.
USEM BulletHomepagePolitical RiskPolitical Risk BulletBulletEmerging Market News

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.