BusinessEnergyPolicy

South Africa’s New Energy Strategy Receives Strong Backing from Eskom as Investment Blueprint

South Africa’s state-owned utility Eskom has welcomed the newly launched Integrated Resource Plan 2025 as a clear investment pathway. The plan aims to balance energy security with environmental sustainability while addressing the country’s high unemployment rates. Eskom’s CEO emphasized that regulatory certainty will be crucial for attracting the necessary capital investments.

National Energy Framework Gains Key Utility Support

South Africa’s state-owned electricity provider Eskom has expressed strong support for the government’s newly released Integrated Resource Plan 2025, according to recent reports. Sources indicate the comprehensive energy strategy aims to balance multiple national priorities including energy security, affordability, environmental sustainability, and socioeconomic development during the country’s transition from high-carbon to low-carbon energy sources.

Economy and TradingInternational Business and Trade

Fed’s Powell Signals Dovish Stance Amid Trade Tensions, Markets React to Conflicting Signals

Federal Reserve Chairman Jerome Powell suggested the central bank may prioritize employment concerns over inflation, boosting market optimism. However, President Trump’s renewed trade threats against China regarding soybean exports quickly dampened investor sentiment, creating mixed market reactions globally.

Federal Reserve Signals Potential Policy Shift

Federal Reserve Chairman Jerome Powell indicated yesterday that the central bank is closely monitoring economic indicators through alternative sources amid government data delays, according to his speech at the National Association for Business Economics conference in Philadelphia. The report states that Powell suggested the economic outlook remains largely unchanged since the last Federal Open Market Committee meeting, but with notable shifts in employment conditions.