Tuesday, September 26, 2017
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...
JOHANNESBURG. — The government of the Democratic Republic of Congo (DRC) should hit the brakes on the Inga 3 hydroelectric scheme and consider alternate ways of powering its mines and bringing electricity to its people. The DRC can power its future — and become a model for energy development in...
JOHANNESBURG. — South Africa’s rand is the best-performing currency in emerging markets since Janet Yellen last week signalled that the Federal Reserve won’t rush to tighten monetary policy. The rand has netted an almost 5 percent return in the period for carry traders, who borrow where rates are low to...
WASHINGTON. — Little action was expected at Wednesday’s US-China Comprehensive Economic Dialogue, but despite the low bar, the event still yielded lackluster results — an indication of further bilateral strains ahead. “It was a little bit of a disappointment,” said Nicholas Consonery, senior director at business advisory firm FTI Consulting. Small...