Free Trial

SARB Announces Rate Decision, Eskom Escalates Load-Shedding

  • SARB Governor Lesetja Kganyago will announce the rate decision during a press conference at 15:00SAST/13:00GMT. The central bank is expected to moderate the pace of its rate-hike cycle, with consensus split 15-6 in favour of a 50bp over 25bp hike. Click here to see our full preview.
  • South Africa's PPI data will cross the wires earlier in the day, at 07:30SAST/09:30GMT. It is expected that factory-gate inflation eased to +13.9% Y/Y in December from +15.0% prior, according to a Bloomberg poll of economists.
  • Eskom ramped up load-shedding and will alternate between Stages 4 and 5 from this morning until Sunday afternoon due to the breakdown of generating units at Camden, Kendal, Lethabo and Majuba power stations. Extended power rationing has been stoking a growing discontent among South Africans amid inconsistent messaging from government agencies on when blackouts might end.

To read the full story



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.