MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Two-Day Cabinet Legkotla Begins, Eskom Crisis Remains At Forefront

SOUTH AFRICA
  • News24 reported that officials in the Presidency are pressuring ministers and departments to sign approvals and exemptions for Eskom in order to facilitate plans to add more generation capacity to the grid. On Tuesday, ANC Secretary General Fikile Mbaula said that declaring a national state of disaster and reprioritising the national budget is a "critical avenue" for ending the energy crisis by the end of the year. This comes as Eskom is running Stage 5 load-shedding until Friday morning. Rolling blackouts averaged out at Stage 4 in January, according to calculations by Business Insider, up from around Stage 2 last year.
  • South Africa's Department of Mineral Resources and Energy has increased the retail prices of gasoline by ZAR0.28/litre from today. The prices of fuel typically move with international oil prices and the ZAR exchange rate.
  • President Cyril Ramaphosa will convene an extended Cabinet strategy meeting (legkotla) today after ruling ANC party executives wrapped up a similar gathering earlier this week. Officials will discuss key issues ahead of the President's State of the Nation Address scheduled for February 9.
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.