Core Insights - South Africa's preliminary trade surplus for November reached 37.7 billion Rand, more than doubling from October's 15 billion Rand, marking the highest monthly level since 2025 [1] Trade Data Summary - November exports totaled 188 billion Rand, while imports were 150.3 billion Rand, including trade with Botswana, Eswatini, Lesotho, and Namibia (BELN) [1] - Month-on-month, exports decreased by 3.6 billion Rand (1.9%), while imports saw a significant decline of 26.4 billion Rand (14.9%) [1] - Year-on-year, exports increased by 4.5% compared to November 2024, and imports rose by 2.9% [1] - Year-to-date trade surplus stands at 178.8 billion Rand, slightly lower than the 182.5 billion Rand recorded in the same period last year [1] Factors Influencing Trade - The decline in exports was primarily due to reduced shipments of citrus, unwrought aluminum, and gold [1] - The drop in imports was mainly attributed to decreased purchases of refined petroleum products (excluding crude oil), capital equipment parts, and passenger vehicles [1] Regional Trade Performance - Excluding BELN countries, South Africa's trade surplus with the rest of the world was 25.7 billion Rand, while the surplus within the BELN region was 12 billion Rand [1] - By region, there was a surplus with Africa (32.7 billion Rand) and Europe (12.8 billion Rand), while deficits were recorded with Asia (27.2 billion Rand) and the Americas (0.9 billion Rand) [1]

南非新闻24小时网站1月7日报道，南非国家能源监管机构(Nersa)发布了新电网接入规则，旨在防止企业 为投机性项目垄断稀缺的电网容量。Nersa于2025年12月底在政府公报上发布了《电网容量分配规 则》，该规则立即生效。简言之，项目开发商需要提供更多证据，证明他们对项目认真负责，并已投入 必要的工作以确保项目能够按计划进行，才能获得电网接入。这些规则旨在遏制所谓的"电网霸占"现 象，即电网接入资源被预留给那些在项目上进展甚微甚至毫无进展的发电企业。此后，电网接入将只保 留给那些能够证明其已完成项目关键里程碑的开发商，包括获得财务担保、获得环境许可，以及已向 Nersa申请或已获得发电许可证。一旦达到这些里程碑，开发商就必须提交详细的定价和技术方案。只 有在网络服务提供商接受该报价且双方达成具有约束力的协议后，才会将电网接入分配给开发商。 ...

埃伯哈德指出，将输电资产留在Eskom体系内，将削弱竞争性发电商和交易商公平、透明接入电网和电 力市场的能力，也不符合《电力监管法》修订案中设立独立输电系统运营商(TSO)的初衷。他强调，输 电网络扩张需要大量资金，而高度负债的Eskom难以吸引资本。独立输电公司拥有稳定、受监管的收 入，更有利于获得机构投资者支持和低成本融资。若不彻底实现输电独立，南非推进电力市场开放和竞 争的改革成果将被削弱，并最终导致发电能力不足、限电卷土重来。他呼吁总统府介入，推动输电资产 从Eskom体系中剥离，成立真正独立的输电运营机构。 《MyBroadband》1月7日报道，南非开普敦大学"电力未来实验室"名誉教授安东.埃伯哈德(Anton Eberhard)警告称，如果南非国家电力公司(Eskom)在拆分改革后仍保留输电资产，未来数年新增发电能 力将不足，南非可能再次出现限电。 埃伯哈德的担忧针对电力与能源部长洛西恩佐.拉莫豪帕(Kgosientsho Ramokgopa)公布的最新改革方案。 该方案继续将Eskom划分为发电、输电和配电三大板块，但仍置于同一控股公司之下，而非此前预期的 完全独立。 ...

Core Insights - The central point of the article is that Pakistan's central bank foreign exchange reserves have risen to $16 billion, marking the highest level since the fiscal year 2020-21, which signals strong stability in Pakistan's exchange rate system [1] Group 1 - Pakistan's foreign exchange reserves have reached $16 billion [1] - This level of reserves is the highest since the fiscal year 2020-21 [1] - The increase in reserves indicates a strong signal regarding the stability of Pakistan's exchange rate system [1]

Group 1 - The core issue in Bosnia is the continuous rise in prices of food, energy, and public services, which outpaces wage growth, leading to a decline in consumers' purchasing power [1] - The Republic of Srpska has announced a price increase for water by approximately 7 marks and for garbage collection by 4 marks, with higher electricity prices set to take effect in February [1] - In the Federation of Bosnia, electricity prices were adjusted last year, and the price of eggs has increased by 2 marks, while infant formula has been removed from the list of price-controlled items due to rising procurement costs [1] Group 2 - Despite 63 basic food and hygiene items being subject to price controls, prices can still fluctuate based on market conditions, leading consumers to sometimes forgo purchasing essential goods [2] - Although pensions are set to increase by 17.6% and the minimum wage will rise by 27 marks, inflation effectively negates these increases, leaving household budgets under pressure [2] - The increase in minimum personal income may further drive up prices unless the government reduces taxes, as producers are likely to pass on additional costs to consumers [2]

Core Viewpoint - The real estate market in the Republika Srpska of Bosnia and Herzegovina is under new pressure due to rising costs associated with land, development fees, and permits, despite stable prices for construction materials. Experts predict that housing prices will continue to rise by 2026 [1]. Group 1: Cost Factors - The prices of land, urban development fees, rental costs, and building permit fees are all increasing, contributing to the anticipated rise in housing prices [1]. - The current price range for housing in Banja Luka is approximately 3,500 to 7,000 marks per square meter [1]. Group 2: Labor Market Impact - There is a significant and long-term labor shortage in the construction industry, forcing real estate developers to pay higher wages to workers, which also affects housing prices [1]. Group 3: Market Data - According to the Republika Srpska Statistical Office, 654 new apartments were sold in the first three quarters of 2025, with an average price of 3,763 marks per square meter. The average price for newly sold apartments in the third quarter reached 3,911 marks per square meter [1]. - Since September 2021, the average price per square meter has increased by at least 1,000 marks [1].

波黑《每日之声》1月6日报道。波黑电力公司发布消息称，继昨夜供电情况显著稳定后，强冻雨再次导 致电线覆冰，积雪融化引发山洪和滑坡，对配电网和电力设施造成了新的损坏。目前约有1.5万户断 电，其中大部分在泽尼察-多博伊州、图兹拉州。此外，乌纳-萨纳州、中波斯尼部州、黑塞哥维那-内雷 特瓦州及萨拉热窝州也出现部分供电中断。波黑电力公司将优先保障医院等重要机构及设施的稳定供 电。 波黑电力公司表示，抢修团队正通过持续关注天气变化采取预防措施，力求将供电系统面临的风险降至 最低。抢修团队已全员出动修复电网和供电设施，以确保用户正常供电。(驻波黑使馆经商处) 大部分现有故障预计在晚间修复，但情况的不可预测性导致新故障不断出现，断电用户数量也将持续变 化。抢修工作仍面临地形复杂的困难——特别是在农村地区，大量积雪和树木倒塌阻碍了抢修进展。预 计未来24小时波黑多地将遭遇更强烈的降雪，科尼茨、亚布拉尼察、布索瓦查、基塞利亚克、福伊尼察 和布戈伊诺等地区可能会引发新的供电问题。 ...

Core Viewpoint - Sarajevo Canton is experiencing a significant increase in fixed asset investments, reaching 1.779 billion marks in 2024, which represents a substantial growth of 33.6% compared to the previous year [1] Investment Growth - The investment growth trend that began in 2022 has continued, indicating a positive impact of systematic investment promotion on the business environment in Sarajevo Canton [1] - Sarajevo Canton has achieved investment growth for three consecutive years, with investment amounts nearly doubling compared to 2021 [1] Investor Confidence - Despite facing inflationary pressures, the high growth rate of investments suggests that investors are regaining confidence in the business environment of Sarajevo Canton [1] - The Sarajevo Canton Investment and Privatization Agency is actively engaging with international investors and promoting the region's business advantages, which has been recognized by investors [1]

Core Viewpoint - The Southern Interconnection Project is identified as the most important and largest investment for Bosnia in 2023, enhancing natural gas supply security and diversifying supply routes [1] Group 1: Project Overview - The Southern Interconnection Project will improve Bosnia's natural gas supply security and flexibility in sourcing and supply routes [1] - The project includes a 180-kilometer pipeline within Bosnia, with branches to Mostar and Travnik, and an annual gas transport capacity of 1.5 billion cubic meters [1] - The construction cost of the pipeline is estimated at approximately 250 million euros [1] Group 2: Economic Implications - Bosnia could become a transit country for natural gas to northern (Croatia and Hungary) and eastern (Serbia and Bulgaria) regions, potentially generating revenue from gas transportation [1] - The project aims to fully gasify the southern region of Bosnia and supply gas to industrial producers [1] Group 3: Future Developments - Future planning and construction of new gas infrastructure are anticipated to facilitate the transport of hydrogen and biogas [1]

马达加斯加午报报道，根据马达加斯加碳氢化合物办公室的数据，自1月5日（星期一）起，每升汽油 （SP95）的售价为4970阿里亚里，比上个月下降了200阿里亚里。柴油和煤油的价格调整较为温和，分 别为每升4670阿里亚里（上涨10阿里亚里）和3520阿里亚里（上涨30阿里亚里）。 ...