Tuesday, November 21, 2017
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic...
Greenback is being pushed down by rising geopolitical worries and a rallying euro. The dollar fell to its lowest level in more than 2 1/2 years yesterday, pushed lower by a rallying euro and rising geopolitical worries. The ICE Dollar Index, which measures the US currency against a basket of six...
South African lion farmers are supplying large volumes of lion bone, teeth and claws as “tiger parts” to an insatiable Asian market — says a report recently published by the Environmental Investigation Agency. South Africa is the world’s largest exporter of lion body parts. The report goes on to say...
Business Day The community’s trade and investment flows have grown considerably over the past 15 years, but integration into value chains remains low, writes Chelsea Markowitz As the 37th Southern African Development Community (Sadc) Summit kicks off, the longstanding question of how to best spur industrial growth and development in the...
South Africa will harvest 15,969 million tonnes of maize this season, the biggest crop on record after improved weather conditions across the maize belt boosted yields, the government’s Crop Estimates Committee (CEC) said on Wednesday. The estimate is up 2 percent compared to the CEC’s June forecast of 15,6 million...
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard...
European officials think voters are more important than the institutions that buy their bonds, but that's a costly error. What are the powers that be at the European Union and European Central Bank thinking? They have now concocted a very dangerous scheme to buy back junior bank bonds that were “mis-sold”...
Africa could soon be the largest free-trade area in the world. This is if the African Union’s Continental Free Trade Area (CTFA) stays on track to be operational by the end of this year. Once up and running, the continent-wide free trade zone could lead to a 52 percent...
The decision by the United States’ Federal Reserve Bank to raise the benchmark interest rate for three consecutive quarters, with more likely to come, as well as recent moves to reduce its size of the balance sheet assets through offloading some of its bonds by the end of the...
LONDON. — Banks could face a “Kodak moment” where they approach obsolescence in five to 15 years at the hands of new financial-technology companies, according to former Barclays chief executive officer Antony Jenkins. Traditional banks are already seeing the start of an “Uber moment”, whereby the industry is being transformed...