South Africa is home to the vast majority of the world’s white rhinos, and around half of them, or 7,000, are owned by private ranchers, according to the Private Rhino Owners’ Association .
A proposal at the latest Conference of the Parties of the Convention on International Trade in Endangered Species by Eswatini to sell its stockpiles – a sort of trial balloon also floated at the previous CITES – was rejected, as was a proposal led by Botswana seeking to loosen restrictions on the trade in ivory.
Variations on these themes have overshadowed CITES’ debates for decades, partly because discussions are dominated by governments and NGOs who often remain welded to outmoded ideas. This had lead to stalemate and frustration on the part of southern African policymakers, as well as private sector actors in the region.
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BUSINESS MAVERICK: Bullish sentiment as Naspers readies to list Prosus in AmsterdamIt’s all systems go for the listing of Naspers’ offshoot Prosus on the Amsterdam stock exchange. Given Naspers’ huge size – it’s larger than Anglo American, Standard Bank, FNB, Vodacom and MTN combined – the importance of this listing can’t be understated for SA shareholders. But will the share price take off like a rocket or join the ranks of Uber and Lyft whose listings earlier in 2019 were big disappointments?
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Business Maverick: Distell’s African cylinders are firingFor years Shoprite’s Africa operations were the envy of South African business executives following the retailer’s slow and measured investment across the continent. However, as former Shoprite CEO Whitey Basson was fond of saying, Africa is not for sissies as the Africa promise proved slow to materialise. Many SA firms, including Shoprite, Tiger Brands, Woolworths, Consolidated Investment Ltd, suffered as volatile currencies and economies (and questionable investments), retarded their expectations. At first glance, it seemed liquor company Distell was to meet the same fate, but a closer look suggests the opposite is the case.
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Business Maverick: Apple to Start Online Sales in India After Country Eases RulesApple Inc. is poised to start online sales of its devices in India within months, a person familiar with the matter said, benefiting from new rules making the world’s fastest-growing smartphone market more attractive to foreign brands.
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Business Maverick: Thursday, August 29: Five Things You Need to Know to Start Your DayQuestion marks hang over Hong Kong’s capital outflows, Duterte brings up past quarrels with China, and Apple finally sets its eyes on India. Here are some of the things people in markets are talking about today.
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Business Maverick: The Big Short’s Michael Burry Sees a Bubble in Passive InvestingMichael Burry shot to fame and fortune by betting against mortgage securities before the 2008 crisis, a trade immortalized in “The Big Short.”Now, Burry sees another contrarian opportunity emerging from what he calls the “bubble” in passive investment.
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BUSINESS MAVERICK: SA has probably dodged a recession, which is about the best the economy can do at the momentSecond-quarter 2019 GDP data due on Tuesday 3 September, will probably show that South Africa dodged a recession after a sharp contraction in Q1. That’s hardly a cause for celebration. Overall growth in 2019 will be anaemic at best and potential rating downgrades are looming.
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