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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
Source: dailymaverick - 🏆 3. / 84 Read more »
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.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Fiat Chrysler withdraws merger offer for Renault, blames French politicsFiat Chrysler said it has abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Just gotta love that French arrogance !
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Lagarde Says Trade Risks Becoming Reality as Global Growth SlowsFears that rising trade tensions might undermine global growth are becoming a reality, contributing to a widespread slowdown in the world economy, according to International Monetary Fund Managing Director Christine Lagarde.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Thursday, June 6: Five Things You Need to Know to Start Your DayBoeing is in talks for a megadeal that the trade war could derail. Asia equity futures are mixed after a U.S. stock advance. And the Trump administration readies a $2 billion Taiwan arms package. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK/NEWS ANALYSIS: Gloves come off between SAA CEO and his boardThe relationship between the CEO of SAA, Vuyani Jarana and the board of the beleaguered airline appears to have irretrievably broken down, with the board investigating the CEO for a breach of confidence and he, in turn, threatening legal action. With the airline in a precarious position, this is probably not ideal. SAA still captured it seems
Source: dailymaverick - 🏆 3. / 84 Read more »