Free Trial

Jet Fuel Availability Could Hinder Airports

SOUTH AFRICA
  • Ahead of this week’s ANC conference starting on Friday, national chairperson Mantashe has thrown his hat into the ring to be re-elected in December, according to BusinessDay. A win for Mantashe would mean he’d been in the top echelons of ANC government for 20 years and would be a boon for Ramaphosa, who considers the minister a key ally.
  • EWN writes that the Department of Energy has raised concerns about the availability of jet fuel at airports after Sasol had to temporarily shutdown South Africa’s Natref refinery over the weekend. Sasol said that a crude tanker had since arrived in Durban and that Natref should be back up and running by the end of this month.
  • BusinessDay writes on the SARS strike action, stating that the revenue service is facing prolonged strike action as no talks are planned to break the impasse with workers. The strike has resulted in close to 40 branches being closed just ahead of income tax filing season.
  • No key data due Tuesday, with focus resting on tomorrow’s CPI print and the SARB decision on Thursday. The median consensus is for the bank to raise rates by 50bps, but a number of analysts see a real risk of a 75bps hike this week.

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.