Only those investors who are able to take seriously the value destruction potential of climate change will survive.
Faced with a lack of infrastructure development and an unreliable exchange rate in South Africa, the company has looked to the rest of the globe.
PREMIUM!
Investors enthusiastic about their pledges to SA
‘We are absolute believers that SA is going to rise in the years ahead. To this end we wish to contribute to the growth and development of the country.’
The billionaire and Virgin founder expressed faith in the leadership of President Cyril Ramaphosa. 
President Cyril Ramaphosa said the Township Entrepreneurship Fund he announced earlier in the year was being finalised.
This follows Moody’s downgrading the outlook for its credit rating of the SA government from stable to negative.

Ford to take its Silverton plant off the grid

Ford will be building a biomass plant on land that has been identified for the first phase of a four-year renewable energy plan on its site in Silverton in Pretoria.

Sasol rejects shareholders’ resolution to disclose greenhouse gas emissions strategy

Six local asset managers filed a joint shareholder resolution asking that Sasol report on how its greenhouse gas emissions strategy aligns with the goals of the Paris Agreement.

Ramaphosa launches automotive hub, which may provide over 5K jobs

The Tshwane Automotive City project aims to transform the city into an automotive production powerhouse.

Electric vehicle charging stations launched at three airports

Electric vehicles accessing the BMW ChargeNow stations will enjoy exclusive parking bays at three airports.

McDonald’s CEO forced out over ‘consensual relationship’ with employee

McDonald’s announced Sunday that its president and CEO Steve Easterbrook was forced out after showing ‘poor judgment’ by engaging in a ‘consensual relationship’ with an employee.

Taste Holdings loses its appetite in Starbucks and Domino’s

The decision to license Starbucks was always questionable, because the strategy of building out enormous stores in malls as destinations was flawed.

PREMIUM!
Moody’s downgrade next year is nearly inevitable – experts

Moody’s downgrade next year is nearly inevitable – experts

To sustain Moody’s current rating, government would need to develop a credible fiscal strategy to contain the rise in debt.

San and Khoi to profit from rooibos after landmark agreement

After nine years of negotiations, the Khoi and San communities will now benefit from the rooibos and honeybush-producing industry.

SA one step closer to ‘junk status’ as Moody’s changes outlook to negative

The country has effectively been placed on notice, with the decision to move SA to sub-investment grade now looming over the next 12 to 18 months.

With a man-made beach, the billions keep pouring into Joburg’s Steyn City

A R5.5bn ‘city centre’ is next up for the massive lifestyle estate, backed by insurance and property magnate Douw Steyn.

Joburg’s inner city: the Dubai of southern Africa, but all below the radar

Shoppers and retailers say they would like to increase their investment in shopping in the inner city.

Mboweni’s mini-budget in a nutshell

Tax revenue, growth, spending – everything is bleak.

Zimbabwe is getting another ‘new’ currency

Economists are not holding out hope.

Makhura confident Gauteng will transform SA economy

He was delighted that the Southern Africa-Europe CEO Dialogue brought 12 new foreign direct investment projects by Italian companies into the province.




 

 

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