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Free AccessPeace Mission To Ukraine & Russia Concludes, S. Africa Still Wants To Host BRICS Summit
- African leaders wrapped up their peace mission after meeting Ukrainian President Volodymyr Zelensky on Friday and Russian President Vladimir Putin on Saturday. Their peace plan was met with little enthusiasm in both Kyiv and Moscow, fighting along the frontline escalated, while the mission itself hit multiple logistical snags. Most of President Cyril Ramaphosa's security team failed to make it on time to accompany the leader after their plane was detained in Warsaw. Poland's Foreign Ministry said that the plane was grounded because Ramaphosa's security detail were transporting undeclared persons and weapons without all necessary permits. Meanwhile, Ramaphosa refused to acknowledge the inconclusiveness of the peace mission and said that it would be measured on ending of war, while follow-up meetings with Zelensky and Putin were likely.
- Following President Cyril Ramaphosa's trip to Eastern Europe, his spokesman reaffirmed South Africa's intention to host the BRICS summit in August and said that the leader must consult with his counterparts from the bloc. The Presidency reportedly confirmed to BusinessDay that it was working on finding a way to go ahead with the summit and was exploring options for in-person attendance of Russian President Vladimir Putin, despite an ICC arrest warrant being issued against him.
- Eskom sticks with a suspension of load-shedding this morning, with Stage 3 outages scheduled to kick in this afternoon (after 16:00 local time) and remain in place until midnight. This pattern will repeat until further notice.
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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.