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Business Maverick: Business sees long and hard road for SA’s economic recoveryBusiness for SA has warned that the country’s economic recovery could take two years or longer because the economy was already weak at the start of 2020 and before the highly contagious virus was imported.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stocks Mixed Before Fed; Treasuries Keep Advance: Markets WrapAsian stocks struggled for a clear direction as investors awaited the conclusion of the Federal Reserve’s policy meeting. Treasuries held overnight gains and the dollar steadied.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Canon Plunges Most in Eight Years After First Quarterly LossCanon Inc. slid to a two-decade low after reporting its first quarterly loss, as the Japanese icon struggled with potentially the worst global downturn since the Great Depression.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK ANALYSIS: Dollar’s diminishing safe-haven status is a benefit to emerging marketsInvestors have been rushing to the sanctuary of gold and alternative safe-haven currencies instead of the dollar, which reached a 22-year low. Low US bond yields, political uncertainty ahead of the elections and concern about the difficulties the US is having in getting the pandemic under control are all weighing on the greenback.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Life after the pandemic: Kumba approves R7bn mine expansion projectEven amid the Covid-19 pandemic and global economic turbulence, companies are allocating capital to expansion projects. Kumba Iron Ore, a unit of Anglo American, has announced approval of funding for its R7-billion Kapstevel South project at the Kolomela mine in the Northern Cape province. This underscores Anglo’s commitment to South Africa.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: R16.5bn to make the R135bn Steinhoff headache go awaySometimes it’s better to cut your losses and run. This is what Steinhoff’s board is hoping aggrieved shareholders will do. One shareholder is not taking the bait.
Source: dailymaverick - 🏆 3. / 84 Read more »