While firms with offshore HQs and operations account for a big share of the JSE market cap, only about a quarter of the shares of the foreign-domiciled companies like BAT are actually available to South African investors, according to a 2017 Ownership Monitor report commissioned by the Treasury. This means that the stratospheric market capitalisation of the JSE is an illusion. In that report, 55% of the JSE’s market cap was available in 2017 to South African investors.
Uncertainty about global economic growth because of a developing trade war between the US and China might, for instance, prompt foreign investors to sell shares on the JSE and keep the money in cash or bonds. A slump in commodities might mean investors take a dim view of our mining companies’ prospects and move into US manufacturing firms, for example.
While the big foreign-based firms and the exporters depend on the global economy, a stagnant local economy has made life hard for South African-based companies. Stock markets and economic growth do not rise and fall in tandem, and stock market performance can be decoupled from growth, but low disposable income and weak consumer confidence et al do affect domestic investor share buying.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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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!!!!!
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
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 !
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
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
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: U.S. probe of Google’s online ad dominance would appease long suffering rivals, publishersAd tech firms and publishers have had to stay in the good graces of Google or risk insolvency. For them at least, the US Justice Department probe is welcome.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK: Forget fintech, it is Big Tech that banks should fear the mostWhile fintech start-ups have slightly rattled the cages of traditional global banks, the establishment is as strong as ever. But Facebook and Amazon are about to enter their turf, and given their power and size, banking as we know it might not survive the onslaught.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK: Spur and Grand Parade Investments set for divorce?Separate SENS statements, released at exactly the same time – at 4pm on Monday, 3 June 2019 – were always going to provoke speculation that Spur was buying Grand Parade Investments, or the other way around – although that seemed unlikely. The reality is less lovey-dovey.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK: Race for low-to-middle income consumers heats up in SA’s insurance industrySA’s financial services sector is in for a shake-up. Discovery Bank, TymeBank and Bank Zero, which are underpinned by technology, will change the way in which people bank. In the process, they will challenge the dominance of the big four banks. The boring insurance industry will also reform, with the emergence of new players, African Rainbow Life and Sithega Holdings, which want to serve low-to-mid income consumers.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK: South Africa’s carbon tax raises questions and hot airAs of Saturday 1 June, South Africa’s government is taxing carbon. This policy is designed to make polluters pay and help the continent’s most industrialised economy meet its targets to reduce the emissions of greenhouse gases linked by most scientists to climate change – the burning ecological issue of our era. But is it an appropriate policy for a developing economy with energy-intensive industries?
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: SAA CEO Jarana resigns, placing SAA’s turnaround plan in questionNot again. Not another one. SAA CEO Vuyani Jarana has resigned, becoming the eighth SAA CEO to resign in the space of six years, raising the question of whether the airline is now so run down from years of mismanagement and corruption that it's possible to save it at all. And there is the niggling issue of whether government even wants to save it.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: Emerging markets buffeted by trade tariff surprisesEmerging markets have taken the brunt of the pain as Trump’s trade announcements send investors to the perceived safe havens. But many of these countries are trading at attractive valuations, with mixed economic fundamentals, so savvy investors could well be winners if they take the time to sort the wheat from the chaff.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
BUSINESS MAVERICK ANALYSIS: Tongaat Hulett scandal raises more red flags about governance in corporate South AfricaCorporate South Africa has long prided itself on its sophistication, governance ethos and commitment to the highest global standards of accounting and transparency. A strong corporate culture and deep and liquid financial markets for years set South Africa apart from many of its emerging market peers. That is starting to unravel, with Tongaat Hulett the latest South African company to signal that it will have to ‘restate’ profits because they were not up to scratch first time around.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »