MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

Q1 Sectoral Accounts Suggest Solid Real Income Gains

Services Behind Slight Fall In July ISTAT Business Confidence

Unemployment Falls To 11.3% In Q2, Driven By Services

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Ramaphosa Calls Blackouts "Regrettable," ANC Says MonPol Should Be Based On More Factors

SOUTH AFRICA
  • President Cyril Ramaphosa said that the rolling blackouts haunting South Africa are "regrettable" and called for more "urgency and speed" in the implementation of the national energy plan, while opposition leader John Steenhuisen asked to meet with the President to discuss the electricity crisis. On Thursday, South Africa's energy regulator NERSA approved an 18.65% electricity tariff hike this year, the largest in more than a decade but less than the 32% requested by the indebted power utility. Eskom's spokesman said the utility would not comment on NERSA's decision.
  • Reuters reported this morning that South Africa's ANC party resolved at its national elective conference that monetary policy should be implemented "in a balanced manner, taking into account growth, employment and exchange rate factors." The resolution seen by the news wire did not propose changing the SARB's constitutional mandate, a prospect which has applied pressure to South African assets in the past few days, as senior ANC officials toyed with the idea of broadening the central bank's remit.
  • Thursday saw spot USD/ZAR print its worst levels since August and close under its 200-DMA for the first time since April, coming under pressure from in-line U.S. CPI data and comments from Fed's Harker.
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.