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BUSINESS AND THE ECONOMY – WHERE TO FIND GROWTH IN THE WORLD IN 2016

BUSINESS AND THE ECONOMY – WHERE TO FIND GROWTH IN THE WORLD IN 2016

United States  It should perform respectably in 2016, but the trade deficit is likely to widen as the dollar strengthens and imports increase.  United Kingdom  Prime Minister David Cameron will spend a lot of 2016 trying to persuade voters to keep the country in the…

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GLOBAL STOCK MARKETS

GLOBAL STOCK MARKETS

The decline in global stock markets this year has dented optimism among equity market analysts who expect only half of the 20 major stock markets to gain in a year.  Since August, financial markets have been on a roller-coaster ride. China devalued its currency, sending…

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PANAMA PAPERS: CREDIT SUISSE AND HSBC DISMISS OFFSHORE ALLEGATIONS

PANAMA PAPERS: CREDIT SUISSE AND HSBC DISMISS OFFSHORE ALLEGATIONS

Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed suggestions they were actively using offshore structures to help clients cheat on their taxes.  Their comments came a day after a leak of four decades of documents from a Panamanian law firm that…

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LEVELS OF MAJOR CAPE DAMS DROP BY 50%

LEVELS OF MAJOR CAPE DAMS DROP BY 50%

The major dams supplying the Cape metropolitan area are only about half as full as they were this time last year… and dropping by around 1.8% every week.  The current capacity of the six dams, which collectively hold 898 221kl, was 32.7% on 1 April…

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SA FALLS VICTIM TO ONGOING GLOBAL CURRENCY WARS

SA FALLS VICTIM TO ONGOING GLOBAL CURRENCY WARS

Although some causes for the volatility of South African’s rand are self-inflicted, the currency is also impacted by international “currency wars” currently engulfing the world, whereby governments, most from industrial countries, manipulate the value of their currencies to improve export competitiveness. In 2010, then Brazilian…

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TIES WITH GUPTA FIRMS SEVERED

TIES WITH GUPTA FIRMS SEVERED

KPMG Southern Africa, a member of the global advisory network, has ended a 15-year stint auditing companies controlled by the Gupta family, after the ANC and the public protector announced investigations into its alleged influence over the government. KPMG Southern Africa chief executive Tervor Hoole…

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GLOBAL STEEL GLUT

GLOBAL STEEL GLUT

Steel producers in high-cost countries say their best hope for surviving the global glut is to develop higher value specialised products. But they will still face a tough time competing with low-cost Chinese producers that are breathing down their necks. The announcement that India’s Tata…

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‘PANAMA PAPERS’ REVEAL TAX DODGERS OF RICH AND FAMOUS

‘PANAMA PAPERS’ REVEAL TAX DODGERS OF RICH AND FAMOUS

The 11.5 million documents from a Panama-based law firm reveals how top politicians, sports stars and criminals hide their money using offshore tax havens. The leaked data link at least 12 current and former heads of state and 128 other politicians to illicit financial transaction….

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WESTERN CAPE DAM STORAGE – MARCH 2012 – 2016, METAL VALUES AND RATES

WESTERN CAPE DAM STORAGE – MARCH 2012 – 2016, METAL VALUES AND RATES

Western Cape Dam Storage Levels Metals Value Interest Rate

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KATHRADA CALLS ON PRESIDENT TO RESIGN

KATHRADA CALLS ON PRESIDENT TO RESIGN

Comrade President, listen to the people of SA and step down Dear comrade President Zuma. I have agonised for a while before writing this letter to you. I am just a rank-and-file member of my ANC branch. However, even before the ANC opened its membership…

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