Imtiaz Suliman from Sentio Capital joins Business Day TV for a broader look at the day’s market movers.
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WATCH: Market ReportBusiness Day TV talks to Greg Katzenellenbogen from Sanlam Private Wealth
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US sues Google over dominance of online ad market | BusinessThe US Justice Department sued Google on Tuesday for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant. | News24_Business
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WATCH | This abalone farm is starting to thrive | BusinessThe Doring Bay Abalone Farm started in 2013 and is partly community-owned. The farm started with just eight employees. Now it employs over 50 community members, and produces 60 tonnes of abalone each year.
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V&A Food Market closed to make way for a UK-owned food hallEarlier this month, the popular Cape Town outlet, V&A Food Market, announced on Twitter that its lease had not been renewed and that its last day of trading would be on Sunday, 22 January 2023.
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Africa: Climate Change - Africa Has a Major New Carbon Market Initiative - What You Need to KnowAnalysis - Climate finance for the African continent got a boost at the 2022 United Nations Climate Conference (COP27), with the launch of the African Carbon Markets Initiative. This aims to make climate finance available for African countries, expand access to clean energy, and drive sustainable economic development.
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What You Need to Know About Africa's New Carbon Market InitiativeClimate finance for the African continent got a boost at the 2022 United Nations Climate Conference (COP27), with the launch of the African Carbon Markets Initiative. This aims to make climate finance available for African countries, expand access to clean energy and drive sustainable economic development, writes Jonathan Colmer for The Conversation. Carbon markets offer an incredible opportunity to unlock billions for the climate finance needs of African economies while expanding energy access, creating jobs, protecting biodiversity, and driving climate action. However, Africa currently produces only a tiny percentage of its carbon credit potential. Kenya, Malawi, Gabon, Nigeria, and Togo have already indicated their intention to collaborate with the market. Climate projects include reforestation and forest conservation, investments in renewable energy, carbon-storing agricultural practices, and direct air capture. In return for funding projects like these, investors receive carbon credits - certificates used to "offset" the emissions that they continue to produce. The African initiative's goal is to produce 300 million new carbon credits annually by 2030, comparable to the number of credits issued globally in voluntary carbon offset markets in 2021. However, there is considerable skepticism about whether carbon offset credits do mitigate climate change.
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