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Business Maverick: Reserve Bank is likely to cut rates, but how low can it go?The SA Reserve Bank is widely expected to cut rates this week, with most economists expecting a 25 basis point cut. With a stagnant economy, there should be a lot more room for monetary loosening, but there probably isn’t, given the economy’s structural challenges.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: Thursday, June 18: Five Things You Need to Know to Start Your DayAsian stocks are poised for a downer amid mixed U.S. corporate earnings and lingering trade tension. A China investor who’s beaten almost all of his peers is betting big on Kong Kong. And Iran says it could shut the Strait of Hormuz if it wants to. Here are some of the things people in markets are talking about today.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
BUSINESS MAVERICK INTERVIEW: Taste Holdings CEO lays out leaner, meaner Starbucks expansionJSE-listed Taste Holdings, which owns the South African licence for Starbucks and Domino’s Pizza, has gone back to the drawing board when it comes to the iconic coffee brand. The bottom line, according to CEO Dylan Pienaar, is to avoid the mistakes of the initial roll-out. Expect smaller stores in the future and franchise openings in Cape Town with an eye to Bloemfontein and Port Elizabeth.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
BUSINESS MAVERICK: Small caps pose a significant buying opportunityThe underperformance of the JSE has mid- and small-caps trading at dirt-cheap levels. This offers some hope in an economy and financial market drowning in doom and gloom.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: Netflix Stock Plunges as Customers Fall on Price HikeNetflix Inc. shocked investors by reporting a drop in U.S. customers and much slower growth overseas, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: A R1.2bn pot of toxic soup at EOHEight people. That’s all. Eight people out of EOH’s staff of 11,500 put the entire organisation at risk through a systematic process of fraud, corruption and bribery that saw R1.2bn of irregular payments flow out of the company between 2014 and 2017. The company believes it has stemmed the rot.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »