Saturday, September 22, 2018
South Africa’s economy was built on the mining industry. But the sector has been in decline for decades. Mining contributed R312 billion, or 6.8%, to South Africa’s GDP and 464 667 direct jobs in 2017, a far cry from the 21% contribution to GDP in the 1970’s. Over the past...
From glorious highs to rock bottom, Indians hooked to cryptocurrencies have seen it all in the last year. In 2017, the price of a bitcoin, the world’s best known virtual currency, rose from around $900 at the start of the year to nearly $20,000 by December. This fuelled a boom...
Taurai Chinyamakobvu describes himself as "an innovation expert and enthusiast . . . with keen interest in blockchain, Bitcoin and other cryptocurrencies." The widely known public image of him comes from his work as a marketer and public relations practioner in the Zimbabwean financial sector. Now, Chinyamakobvu is among a handful...
By Olorunjuwon Samuel Big companies operating in developing countries often use corporate social responsibility initiatives to position themselves as development agents and friends of the host communities. But in places like South Africa – and within the mining sector in particular – initiatives aren’t achieving the objectives they were designed to...
Nixon Shingi Chekenya Industrial hemp is one of the most important fibre crops in the world. It has been cultivated much longer than any other fibre crop. There seems to be a never-ending list of benefits of the crop with products ranging from clothing and textile, to fibre and food stuffs....
Victor Bhoroma Rwanda is a small and landlocked country in East Africa. The country has total area of 26 338 square kilometres (half the size of Midlands in Zimbabwe). It borders the natural resources endowed Democratic Republic of Congo, trade hub Tanzania, Burundi and Uganda. It is hilly and fertile with a...
Imraan Valodia & David Francis The one percentage point increase in South Africa’s Value Added Tax (VAT) rate, which was implemented in April this year, has raised important questions about how the tax system can and should address inequality. In response to the increase, Nhlanhla Nene, the minister of finance,...
There’s more to understanding a country’s poverty levels than merely calculating how much or how little individuals earn. That’s why a method called the multidimensional poverty index was introduced globally in 2011. The multidimensional poverty index reflects aggregate levels derived from a number of socioeconomic indicators. These include education, health,...
LONDON - World shares fell and were set to end the week in the red on Friday while the dollar climbed to a seven-month high, as investors braced for a list of Chinese goods targeted in a first round of announced tariffs by the United States. The MSCI All Country World index,...
Alain Naef Turkey, Indonesia and Argentina have all seen their currencies experience huge drops in recent months. Similarly, stocks in India, South Africa, Mexico and others have taken a hit. Emerging markets across the board have been under pressure since the US Federal Reserve raised interest rates in June. Governments and...