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Business Maverick: Tuesday, June 4: Five Things You Need to Know to Start Your DayThe technology industry is girding for sweeping investigations into its business practices and FAANGS got hit by the news. Asia equities are in the green despite a U.S. selloff. And China warns students on the growing risks of seeking a U.S. education. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: SA Needs `Robust Action’ to Cut Fiscal Gap, IMF SaysSouth Africa needs to take “robust actions” to reduce its fiscal deficit and reverse the increase in public debt, the International Monetary Fund said Let’s explain that to Cyril “the tortoise” Ramaphosa But we have a govt unable to make the really tough decisions
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BUSINESS MAVERICK ANALYSIS: SAA: Time for a Business Unusual approachNews of the resignation of SAA CEO Vuyani Jarana has aroused a binary response: If a private sector CEO with the credibility of Jarana cannot turn the airline around, then SAA is a basket case that must be placed into business rescue or sold. Alternatively, the narrative goes that Jarana’s departure is directly linked to Public Enterprises Minister Pravin Gordhan, who interferes and micro-manages, but denies crucial support when needed. The truth, as usual, is likely to be far more nuanced. sashaplanting What bs article, a donkey speaking!!!!!
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BUSINESS MAVERICK: Why has the JSE performed so poorly?That the local stock exchange has performed spectacularly badly for investors in recent years is no secret. The detail of why is unfortunately too often overlooked.
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Business Maverick: Shock as SA’s first-quarter economic growth shrinks by 3.2%Days after President Cyril Ramaphosa pledged to implement his economic reform plans during his inauguration, the latest economic growth figures underscore the urgency in which he has to fix SA’s broken economy. During the first quarter, the economy recorded the largest contraction since the global financial crisis 10 years ago. It’s the first time the impact of recent rolling blackouts on the economy is laid bare. All the fantastic ideas from MYANC led by CyrilRamaphosa led to this, they only think of ways to destroy the economy. Soon they will run out of tax revenue and then uncle Tom cannot be blamed anymore. We need to make SA a tax heaven with no BEEE etc, allow everybody than can create jobs to go wild in doing so, use the army to stabilize security, and then investors may return to create jobs Incompetence reigns supreme !
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Trade Risks Prompt Predictions for Fed Rate CutsMarkets rallied after Federal Reserve officials said they were closely monitoring the recent escalation in trade tensions and indicated they could respond to any economic deterioration by cutting interest rates.
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Business Maverick: Mexican tariffs could raise Toyota’s costs by $1 billionThe Trump administration’s proposed tariffs on Mexican imports could increase auto-parts costs for US dealers by more than $1 billion and hurt sales of its top-selling truck.
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BUSINESS MAVERICK: Agriculture’s negative contribution to the disastrous GDP figure driven mainly by droughtThe agricultural economy, by nature, is wobbly relative to other sectors of the economy as its fortunes are largely driven by a factor beyond the control of humankind – the weather. And in the recent past weather conditions have increasingly been a challenge as exemplified by frequent drought in South Africa. Bullshit. Expropriation and farm murders account for 90 % plus
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BUSINESS MAVERICK: Is the monetary policy genie out of the bottle?The ANC, newly invigorated after the elections, has put altering the mandate of the South African Reserve Bank at the centre of its developmental agenda and has touted exploring quantitative easing as a solution to SA’s many woes.
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