MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI BRIEF: Japan Oct Real Wages Unchanged Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

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

Kusile Unit 3 Comes Online Allowing For Longer Suspension Of Loadshedding

SOUTH AFRICA
  • The return to service of unit 3 of Kusile power station, combined with improved generation performance and the lower than anticipated demand for electricity, allowed Eskom to suspend loadshedding until 16:00 today. Loadshedding will resume at Stage 2 thereafter. Electricity Minister Kgosientsho Ramokgopa noted that Kusile Unit 3 was returned to service two months ahead of schedule and this should eventually improve the available generation capacity by 800MW, helping alleviate loadshedding in the short term. Unit 3 is currently producing 550MW, while units 1 and 2 are expected to come online by the end of next month.
  • SAGB yields last week printed their best levels since the outbreak of the COVID-19 pandemic before correcting the moves on Friday, with Finance Minister Enoch Godongwana under pressure to present a credible fiscal consolidation plan in his Medium Term Budget Policy Statement (MTBPS) on November 1. The Daily Maverick reports that the Treasury has a limited set of options as the ruling ANC party has ruled out most of its proposals to trim government spending and raise revenue. According to the news outlet, "most market watchers have said the Treasury will now be under pressure to borrow more money just to shore up its financial position".
  • Absa will release South African Manufacturing PMI at 10:00BST/11:00SAST. According to a Bloomberg survey, the index may have fallen to 49.5 in August from 49.7 prior.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.