MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

Japan Jun Core CPI +2.6% Y/Y; Energy Price Up

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

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 On ANC Executives To Facilitate Ending Load-Shedding

SOUTH AFRICA
  • President Cyril Ramaphosa called ending rolling blackouts the nation's "most immediate" challenge but warned that government interventions will take a while to have an effect and that "load-shedding - in one form or another - will be with us for some time." In a speech opening a meeting of the ANC's National Executive Committee, the leader called on officials to come up with a realistic plan to fix the Eskom crisis and boost the economy ahead of the 2024 general election.
  • The two-day meeting ("lekgotla") of the NEC was called ahead of a Cabinet gathering this week, with President Ramaphosa expected to announce changes to executive line-up before his State of the Nation Address slated for February 9. In the meantime, the NEC elected a National Working Committee (NWC) dominated by Ramaphosa's allies, allowing him to consolidate his control over the ruling party. One NEC member told the Mail & Guardian that "this is an even more CR NWC than the last one.
  • Eskom said in an update yesterday that it would implement Stage 4 load-shedding continuously until further notice. Opposition Economic Freedom Fighters (EFF) leader Julius Malema threatened to call widespread protests against power outages on March 20.
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.