Free Trial

NERSA Welcomes Proposal for Greater Authority in Gas Market

SOUTH AFRICA

LOCAL NEWS

  • Energy regulator NERSA welcomes the proposal to provide it with greater authority in determining maximum prices and tariffs for different parts of the gas industry.
    • The proposed Gas amendment Bill was discussed yesterday and is expected to help boost technological development and infrastructure investment in the space
  • SA registers 4,373 new cases of Covid-19 & 21 deaths overnight and the first case of Omicron noted in Cape Town. The WHO has said that blanket travel bans will not stop the spread of the variant - giving hope that SA’s tourism season may not be completely erased.
    • Gauteng health Dept has now doubled the incentive for citizens to get vaccinated to R200 for anyone over 50. vouchers are available for the first 260,000 people to get their J&J shot or the first dose of the Pfizer vaccine.
  • FinMin Godongwana says the fiscal consequences from the fourth wave are currently unknown. Says we need to protect the vulnerable at the same time in a sustainable manner through structural reforms which will boost the economy. Reiterated that no more bailouts were coming to ailing SOEs
  • Eskom tower collapses due to vandalism and theft as the utility warns the grid is critically constrained - boosting the likelihood of load-shedding in the near-term after two weeks of stable power. The cost of repairing the tower is estimated at R20m

Data:

  • 0900GMT: Absa manufacturing PMI Nov: exp at 53.3 vs 53.6 prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.