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Business Maverick: Monday, July 24: Five Things You Need to Know to Start Your DaySanctions on Iran, a blow to Turkey’s Erdogan, and a mixed start seen for markets. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Sad end to talc mine illustrates SA’s small business crisisIn his hour-long State of the Nation Address on Thursday, President Cyril Ramaphosa referred to small businesses only twice. In supporting small businesses, he said the government wants to create an enabling operating environment by reducing the cost of doing business and regulatory compliance. However, his promises fell on sceptical ears. This is soo 😢 peterthomas661 More andmore businesses will close; unemployment will skyrocket. That is the benefit the unions bring their members, and the unwilling passe gers, the non-members
Source: dailymaverick - 🏆 3. / 84 Read more »
SA needs a big business boost, but just how pro-business is Cyril?Some of his Sona speech sounded decidedly pro-market, but there was a whiff of the developmental state To me cyril is more for big businesses small businesses dont seem to be on his agenda Lets be absolutely open and frank. The ANC should never be in government because they are destroyers instead of being builders. Since 1994 together with their SACP parasites and hyena trade unions have shut down thousands of viable factories on the instruction of China
Source: SundayTimesZA - 🏆 47. / 51 Read more »
BUSINESS MAVERICK: Mozambique’s $20bn gas project: A boom that heralds a resource curse bust?Africa has a new petro-state, or gas-state. US energy firm Anadarko Petroleum this week gave the green light for the construction of a $20bn gas liquefaction and export terminal in Mozambique. The boom could double Mozambique’s GDP. But the shining examples of Angola, Nigeria and Equatorial Guinea suggest that this hydrocarbon windfall could have catastrophic consequences for the country.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Eskom’s Gain Is South Africa’s Pain as Investors Balk at DebtSouth African President Cyril Ramaphosa’s latest pledge to support Eskom Holdings SOC Ltd. is good news for the cash-strapped electricity company -- but some investors are balking at the prospect of increased sovereign-bond issuance to pay for the bailout. 'The current debt-to-GDP trajectory does not look healthy at all.” No kidding. 😒
Source: dailymaverick - 🏆 3. / 84 Read more »