24.8.2019 08:45 am
Global bonds have once again deteriorated.
The global macroeconomic environment is treacherous at the moment. The shift to populism and the resultant risks have brought politics front and centre. This is inherently unpredictable. At the same time, extreme monetary policy action has de-emphasised the standard cycle. In this world, it is prudent to focus more on valuation (price) and to hold macro views lightly, while focusing on building portfolios that are well diversified.
Geneva-based MSC is in a joint venture to develop a R200m port project in Durban.
Stats SA says a fall in fuel prices and increases in municipal tariffs were the key price drivers during the month of July.
The worst of the bunch was not Steinhoff, but Tongaat Hulett, whose share price declined by 84% during the 12 months, from around R83 to only R13.
Agriculture, tourism and property sectors were hit particularly badly by the region’s worst drought in 100 years, and government and the tourism sector now need to get the message out.
Gauteng alone already has 10 gas filling stations as taxi operators flock to the cheaper, cleaner and more reliable alternative to petrol.
The suspension of a motorist’s license is likely to increase their insurance premiums or excess
The former CEO fought back against the retailer’s attempts to get him to give back salaries and bonuses paid to him since 2009.
It could make getting loans harder for those who qualify, and also risks the ire of international credit ratings agencies as uncertainty would increase.
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The company has never met its own emissions targets, and shareholders don’t seem to have realised, with some even applauding Sasol’s environmental policies.
Mine management confirmed all reductions would be reimbursed if the new business model was successful.
A total of 208 South African businesses are operating in Tanzania, employing about 21,000 people.
What happened at the company is now ‘widely understood to be the biggest corporate fraud in South African history’.