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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.
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Free AccessRamaphosa Heads to UK as Eskom Diesel Reserves Spiral
- Moneyweb writes on the options facing Eskom amid the diesel crunch and load-shedding crisis. Options cited by various economists include a government transfer of ZAR10 – 20bln to buy diesel and broad cost-cutting, neither of which would harm the fiscal outlook for the government or Eskom’s staffing levels, according to the piece.
- Workers represented by the Cosatu, Fedusa and Saftu unions will strike in a national day of action today, after the government rejected appeals to up their pay rise offer on Friday last week.
- Unions are demanding a 10% pay rise, while the government’s highest offer is 3%. The strikes appear to be going ahead despite last minute urgent meeting demands made by government, according to EWN.
- The ANC will formally announce the nominees for December’s elective conference today, with local branches submitting their candidates, before they’re vetted by a central committee. This should mark the formal beginning of Ramaphosa’s re-election campaign, who heads to the UK for a state visit, holding talks with UK PM Sunak.
- Leading indicator data for September rose to 125.0 from 123.4 previously.
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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.