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Browsing: South Africa
Gone are the days where an eight to five job was the order of the day. Millennials have flipped the…
In the US, cheap and accessible shale gas is rapidly displacing coal. And in China, concerns about poor air quality and related health issues have caused demand for coal to fall three years in a row, from 2014 to 2016. So is coal demand about to decline globally? Is coal headed for the ash heap of history? Such a development is unlikely.”
The relegation of coal to the dustbin of energy sources, the Boston Consulting Group (BCG) does not believe is likely. They are not the only ones who hold this view.
McKinsey & Company, another highly regarded consulting company, does not believe coal will not have a role in the energy mix of the world going forward. They are not as blunt in expressing their views as their counterparts at the BCG however. McKinsey & Company featured an article on their website proclaiming that the adoption and development of renewable energy will be an evolution that is gradual as opposed to a sudden revolution.
The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho. The Lesotho…
Commenting on Africa’s participation at the conference and the continent’s development in general Egypt’s representative at Expo 2020, Ahmed Maghawry Diab, who is also an official from the country’s Ministry of Trade and Industry said, “…the world has started to look at Africa and rediscover it…the continent has a lot of difficulties, but it has also started to develop.”
Another optimist for the continent’s development and what it has to offer is Dr. Levi Uche Madueke, Head of the African Union (AU) Strategic Partnerships Office and AU Commissioner General for Expo 2020 said, “…Africa is undergoing a dynamic socio-economic and political transformation. There is a lot happening on the continent but the world is yet to hear all about it. It is time to take charge of Africa’s narrative and reclaim its rightful place in the global arena.”
Liquids Intelligent Technologies has reported that over 90 percent of IT decision makers across South Africa, Kenya and Zimbabwe have…
Numerous advantages and benefits have been proffered to explain the motives individuals have for moving their assets offshore and investing in jurisdictions other than their home countries. Standard Bank reckons that offshore investment aids in capitalizing on circumstances outside the country providing a buffer against our markets, our inflation spikes and exchange rate fluctuations.
Essentially, offshore investment serves as a hedge against the volatility and harsh economic fundamentals in the local economy. Zimbabwe as a case in point has suffered from perennial poor economic performance for the greater part of the last two decades. The economic phase that characterized this period included compulsory expropriation of productive farmland, the expropriation of hard currency funds that were never returned, of individuals and organizations by the government to fund its operations, hyperinflation and a generally depressed economy.
The lockdown occasioned by the coronavirus pandemic saw new e-commerce users rise by 5 percent in Sub-Saharan Africa in 2020…
Imperial (www.Imperiallogistics.com)is pleased to advise that in F2019 and F2020, it created value of R146 billion ($10.23 billion) and R98…
Practically speaking, it is not difficult to invest offshore. It is not illegal. It is perfectly legal.
There are no guarantees that investments made offshore will perform better than those available locally. FNB the South African bank says that diversifying share portfolio geographically has similar benefits to diversifying across asset classes.
Whatever the reason, the outcome was that most notable BEE transactions went to Patrice Motsepe’s African Rainbow Minerals and Ubuntu Botho Investments, Tokyo Sexwale’s Mvelaphanda Holdings and the current President Cyril Ramaphosa’s Shanduka Investments which is now part of the Pembani Group.
Legislated empowerment whose focus was primarily on ownership levels produced heavily skewed results towards benefitting political stalwarts and not the broader masses that were previously disadvantaged during apartheid.