A warm welcome to bloomberg daybreak. I am anna edwards. Lets describe what has been called the night of the long knives in the South African political despair sphere. Dhe devaluation of the ran coming through as president zuma replaces his finance minister. Gordon is out, replaced by somebody with little financial experience. The former finance minister, speaking on the phone to bloomberg in the last few minutes, saying there are a range of characters troubling the treasury. Andion between him and zuma part of the anc. Also saying south africas treasury has a strong team of professionals. We will discuss this through the program. Certainly, the new minister does not seem to have from the cv to have a great deal of experience. Anc, could split. The presidency could be called into question. A fairly popular emerging market destination. Lets come back to the south africa story shortly, but we will check out where we are on various assets in the overnight sessions. The bloomberg dollar in
The Presidential Climate Commission (PCC) is currently assessing the impact of South Africa’s decision to delay the decommissioning of the Hendrina, Grootvlei and Camden coal-fired power stations on the country’s Nationally Determined Contribution (NDC), which outlines the country’s decarbonisation goals. Eskom confirmed recently that Cabinet and board permission had been granted for the continued operation of the three power stations beyond their original decommissioning dates, owing to the ongoing shortage of supply and delays in adding new generation.
The Presidential Climate Commission (PCC) is currently assessing the impact of South Africa’s decision to delay the decommissioning of the Hendrina, Grootvlei and Camden coal-fired power stations on the country’s Nationally Determined Contribution (NDC), which outlines the country’s decarbonisation goals. Eskom confirmed recently that Cabinet and board permission had been granted for the continued operation of the three power stations beyond their original decommissioning dates, owing to the ongoing shortage of supply and delays in adding new generation.
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