A victory of that magnitude for the African National Congress in the May 8 poll is a result seen by many as strengthening President Cyril Ramaphosa’s hand and his ability to carry out investor-friendly changes. An opinion poll released Monday showed the ANC is likely to secure 61 percent support.
UBS has listed a basket of 20 stocks correlated to rand strength, including financials, retailers, industrials, property and telcos. The second of the six-month products is based on a group of 10 domestically focused, “South Africa Inc.” stocks tipped to benefit most from lower bond yields, a stronger currency and improved growth and consumer sentiment.
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BUSINESS MAVERICK: China, South Africa and the middle-income trapChina and South Africa seem so distant and so different. Chinese economic growth has been fabulous; over the past decade, South Africa’s has been miserable. China is enormous; SA is small… and so on. But in one singular respect, China and South Africa are similar — they may be both caught in the middle-income trap. If there is such a thing.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Gold worth billions smuggled out of AfricaBillions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – Reuters analysis has found. David Lewis, Ryan McNeill and Zandi Shabalala report on the extraordinary and rising problem of gold smuggling out of Africa. It used to be called 'artisanal'. Now its big business.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: The spectre of stagflation is haunting South Africa and the alternative is also scarySouth Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few bright spots. Even this has been a mixed blessing as it partly stems from subdued demand. This could change soon, with price pressures unrelated to consumption building in the economy. Against the backdrop of anaemic growth and sky-high unemployment, this could unleash the spectre of stagflation. And if prices do remain subdued, it is only because of the dire state of the economy. No clear policy and leadership ! Just corruption from thieving, bent MYANC and CyrilRamaphosa who can’t stop it and won’t! MoodysAnalytics MoodysAnalytics WSJ business PIMCO FT Davos GoldmanSachs jpmorgan
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: The spectre of Stagflation is haunting South Africa and the alternative is also scarySouth Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few bright spots. Even this has been a mixed blessing as it partly stems from subdued demand. This could change soon, with price pressures unrelated to consumption building in the economy. Against the backdrop of anaemic growth and sky-high unemployment, this could unleash the spectre of stagflation. And if prices do remain subdued, it is only because of the dire state of the economy.
Source: dailymaverick - 🏆 3. / 84 Read more »
Freedom Day in South Africa - a reminder of unfinished businessAs South Africa marks 25 years of freedom, many citizens have to contend with the harsh reality that they can't eat democracy. You cannot change the past, but you can change the future. Stop digging in the past otherwise this country will stay in the past As I’ve recently learnt the truth around the world is that first you need a liberator to set you free the you need freedom from your liberator... voteforchange ..And also can we talk about our successes?! GrowSouthAfrica GrowGauteng VoteANC
Source: eNCA - 🏆 49. / 51 Read more »
Freedom Day in South Africa - a reminder of unfinished businessAs South Africa marks 25 years of freedom, many citizens have to contend with the harsh reality that they can't eat democracy. Only on FREEDOM day.... May 8 unfinished business ANC will be re-elected Freedom to employ Bell Pottinger
Source: eNCA - 🏆 49. / 51 Read more »
91% of Malaria cases globally occur in Africa: WHO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.91% of Malaria cases globally occur in Africa and beating the disease is a massive challenge. On Thursday countries across the globe mark World Malaria Day under the theme 'Zero Malaria Death starts with me.'
Source: SABC News Online - 🏆 32. / 51 Read more »
China's vast investment in Africa hits a snag in Congo - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.China's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an IMF bailout. Hopefully it's not cancer causing factories they're investigating
Source: SABC News Online - 🏆 32. / 51 Read more »