Thursday, July 19, 2018
By Frik Els On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading. Despite recent weakness gold is still up by $75 an ounce since mid-December after large-scale speculators increased their exposure to gold on derivatives markets for the seventh week...
By Sarah Joseph Facebook has had a bad few weeks. The social media giant had to apologise for failing to protect the personal data of millions of users from being accessed by data mining company Cambridge Analytica. Outrage is brewing over its admission to spying on people via their Android phones....
By Jakkie Cilliers South Africa’s 2018 State of the Nation address by the president of South Africa has been postponed. This unprecedented step makes it clear that the country is seeing the final days of Jacob Zuma as president although it may take a day or a week or two before...
Kuzanai Sharara Finance and Economic Planning Minister Patrick Chinamasa last week told Parliament that Zimbabweans had embraced electronic platforms as means of transacting, with 96 percent of transactions now being conducted electronically. Although this information is not new, as Reserve Bank of Zimbabwe governor Dr John Mangudya had already disclosed the...
Richard Holden It’s not all that often that the semi-annual report titled “US Treasury Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States” is a hotly anticipated document. But against the backdrop of the Trump administration’s views on trade, it was this week. The report was prepared...
. . . Is full dollarisation the answer? Clive Mphambela --- Following a decade of instability and hyperinflation spanning 1998 to 2008 that resulted in the decimation of financial assets and the eventual demise of the Zimbabwe dollar, Zimbabweans have recently been haunted by a sense of déjà vu. The wide...
The sharp rise and subsequent fall in Bitcoin’s value places it among the greatest market bubbles in history. It has outpaced the 17th-century tulip mania, the South Sea bubble of 1720, and the more recent Japanese asset price and dot-com bubbles. The rapid price rise garnered attention from an increasing...
. . . Donkeys are not cows Clive Mphambela Rapid price increases in the last few months have finally attracted the attention of policy makers, with the highest office in the land adding its voice to the rising debate. In the last two articles, we spoke about inflation and the currency...
Nixon Shingi Chekenya --- “It was the best of times, it was the worst of times, it was the age of foolishness…it was the spring of hope, it was the winter of despair…” wrote novelist Charles Dickens. This statement seems so befitting in describing the situation in Zimbabwe; with regard to...
By Dr. Melba K. Wasunna Kenya’s extractives sector – covering oil, gas and mining – is booming. There have been recent discoveries of commercially viable resources, like oil and gold. The sector’s contribution to the country’s gross domestic product currently stands at around 1%. But the government expects this to...