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In Shadow of Mt. Etna, Europe Makes a Last Stand for Solar

New York Times - 4 hours ago
Built in the early 2000s, it was overhauled in 2011 to churn out conventional panels used to build solar farms in Greece, Italy and South Africa. Once again, the factory struggled, this time losing ground to Chinese rivals that .... China now makes...

DIARY-Emerging Markets Economic Events to Oct 16

Reuters - 8 hours ago
JOHANNESBURG, South Africa - South African Reserve Bank Governor Lesetja Kganyago addresses learners - 1030 GMT BOGOTA - Colombia's new president Ivan Duque, as well as members of his cabinet, central bank board members and business ...and...

Seeking adventure in South Africa (and trying to stay safe)

Channel NewsAsia - 9 hours ago
I tried to understand, at least superficially, why South Africa is regarded as one of the most dangerous countries in the world. The Apartheid Museum in Johannesburg gave me a sense of how the effects of racial segregation during apartheid last century ...and...

Publiseer accepted into Venture Incubation Program in South Africa

Pulse Nigeria - 11 hours ago
Chidi Nwaogu, Co-founder of Publiseer, in an email note to Business Insider Sub-Saharan Africa, on Thursday, August 16, 2018, said he believed the startup has what it takes to become a leader in content distribution in Africa. "The University of Cape ...and...

Liquid Telecom, French firm ink Kenya network deal

Business Daily (press release) (blog) - 13 hours ago
Internet Service Provider Liquid Telecom and France-based network provider Sigfox have signed a deal to provide a smart communications network which will enable Kenyans to monitor water and electricity meters, track wildlife and environmental changes ...and...

Johannesburg wins the bid to host 2019 South Africa Brand Summit & Awards

Travel News | eTurboNews - 13 hours ago
Other speakers at the inaugural summit were Professor Thuli Madonsela, former Public Protector of South Africa, Bonang Mohale, CEO of Business Leadership South Africa, Kganki Matabane, CEO of Black Business Council, Mteto Nyati, CEO of Altron,...

Gold Fields boss 'won't quit' despite Mantashe's criticism

News24 - 14 hours ago
Mantashe said today that Gold Fields' plans to cut jobs in South Africa to reduce costs is taking the “easy way out” and avoids tackling the real issue of poor management. Gold Fields, which is due to report half-year ... In addition, the government ...and...

Chief executive vs employee pay at South Africa's 25 biggest companies

BusinessTech - 15 hours ago
A new report published by UK think tanks, Chartered Institute of Personnel and Development and the High Pay Centre, has revealed that the average CEO among the top 100 companies listed on the London Stock Exchange takes home a salary of...

Vox closes South African data centre in favour of Teraco colocation deal

Data Economy - 15 hours ago
The planned closure is seen as good business sense by the service provider and telco and builds on an existing deal between the pair. And in other news, Nigerian heavyweight MDXi advocates edge data centres for the African continent. South African ICT ...and...

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Spotlight: Chinese yuan gains increasing popularity in Africa

Xinhua - 4 hours ago
Officials of central banks and finance ministries from 14 African countries have suggested considering the RMB as a reserve currency and expanding its use on the whole continent, said Caleb Fundanga, executive director of the Macro Economic and ...and...

Editorial: Turkey is a lesson for South Africa

Mail & Guardian - 10 hours ago
For South African observers, the panicked scenes in Ankara and Istanbul brought back grim memories of December 2015 when former president Jacob Zuma fired the finance minister, Nhlanhla Nene, sending the rand on a similarly precipitous plunge against ...and...

World Bank touts private sector intervention in inequality, but MPs push back

Fin24 - 11 hours ago
Private sector intervention is among the policy proposals by the World Bank to address South Africa's inequality and poverty levels. However this has not been received well by some members of Parliament. Marek Hanusch, senior economist for the...

EFF tables draft bill to nationalise SARB | Fin24

Fin24 - 11 hours ago
The EFF has put forward an amendment to the law governing the central bank that would make the institution state-owned and see its directors appointed by the ...and...

South Africa's EFF Tables Bill to Make Central Bank State-Owned ...

Bloomberg - 12 hours ago
A South African opposition party put forward an amendment to the law governing the central bank that would make the institution state-owned and see its ...and...

South Africa to investigate money manager Public Investment Corp.

Pensions & Investments - 15 hours ago
A statement published on the South African government's news agency website, as well as on the website of the country's ministry of finance, said President Cyril Ramaphosa had agreed to the commission. The commission will look into allegations of ...and...

Investors pull money from emerging markets in wake of Turkey turbulence: IIF

MarketWatch - 17 hours ago
9, the Institute of International Finance said Thursday. Most of the outflow has been in stocks, with a much smaller outflow of bonds. South Africa and China were hit hardest, the IIF said. There has also been a modest retrenchment in emerging market ...and...

South Africa's Ramaphosa to appoint inquiry into $130 bln state pension fund

Reuters Africa - 17 hours ago
“The commission's terms of reference will include a review of the PIC's governance and operating model, possible changes to the PIC's founding legislation and its Memorandum of Incorporation and investment decision-making framework,” the Finance ...and...

Spooked investors pull $1.4bn from emerging markets

Irish Times - 18 hours ago
Investors rattled by events in Turkey, China and South Africa have pulled $1.3 billion (€1.23 billion)out of emerging-market stocks in the last week and $100 million from bonds, according to the Institute of International Finance (IIF), which tracks ...and...

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SA Reserve Bank says it won't implement policy which interferes with its mandate

Fin24 - 11 hours ago
Any government policy interfering with the South African Reserve Bank's (SARB) constitutional mandate will not be implemented, Reserve Bank Governor Lesetja Kganyago assured members of Parliament. Kganyago on Wednesday briefed Parliament's ...and...

House panel okays 'Bangko sa Baryo'

manilastandard.net - 18 hours ago
Citing Asian Development Bank studies, Villafuerte said only 28 percent of Filipino adults own a bank account and only about 15 percent save money with a formal financial institution over a 12-month period, while only 10 percent borrow money from ...and...

Proposed law to expand banks in towns sought for House OK

Business Mirror - 18 hours ago
IN step with the government's goal of financial inclusion for all Filipinos, the House Committee on Banks and Financial Intermediaries has endorsed for plenary approval a measure creating “Bangko sa Baryo.” Rep. Luis Raymund F. Villafuerte Jr. of ...and...

Ensnaring Stocks: Banco Bradesco SA, (NYSE: BBD)

Top Stocks News (press release) - 18 hours ago
Banco Bradesco S.A., belongs to Financial sector and Foreign Regional Banks industry. The company's Market capitalization is $50.40B with the total Outstanding Shares of 0.0005. On Wednesday, BBD stock construct a change of -1.95 in a total of its ...and...

Validea Peter Lynch Strategy Daily Upgrade Report

8/16/2018 - 23 hours ago
BANCO SANTANDER, S.A. (ADR) ( SAN ) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 85% based on the firm's underlying fundamentals and the stock's...

EXCLUSIVE: Pravin Gordhan in race to secure special credit facility for SOEs

Business Day - 1 day ago
In June, Gordhan and finance minister Nhlanhla Nene approached the Banking Association of SA (Basa) and the Association for Savings & Investment in SA to discuss the establishment of a R30bn to R40bn aggregated loan facility that could be used to fund ...and...

Nedbank: The quiet man of SA banking

Financial Mail - 1 day ago
If the regulator would allow it, many are arguing for three and not four big banks in SA. And Nedbank, soon to be liberated from Old Mutual's control, could end up as prey. Within the managed separation process at Old Mutual, Nedbank has been below...

SARB: Auditors were part of the VBS Mutual Bank conspiracy

Fin24 - 2 days ago
The Standing Committee on Finance on Wednesday heard from SA Reserve Bank Governor Lesetja Kganyago, Deputy Governor Kuben Naidoo and others about the processes followed in handling VBS Mutual Bank's curatorship. The Reserve Bank placed ...and...

Herman Mashaba aims at R20bn for affordable inner-city housing units

Business Day - 2 days ago
Johannesburg mayor Herman Mashaba is aiming to raise about R20bn from SA's largest banks to redevelop 71 dilapidated buildings into affordable housing units, giving the inner city the kind of investment it has not enjoyed since pre-democracy....

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Crypto Trading To Join Jamaica Stock Exchange (JSE)

Crypto Block Wire, LLC - 12 hours ago
Jamaica, through its Stock Exchange, has decided to start trading cryptocurrencies and tokens. The exchange has selected a fintech company from Canada called, Blockstation, to help facilitate the trading of cryptocurrencies on the Jamaica Stock ...and...

Crypto news in brief (August 16, 2018): Brian Armstrong, Jamaica Stock Exchange, Square, bitcoin ETF, blockchain ...

Crypto Reporter (blog) - 14 hours ago
Thus, JSE may become one of the first international stock exchanges to deploy an online digital currency and token trading platform, including trading, quotes, execution and settlement services, in a way that aligns with current regulatory and...

Jamaica Stock Exchange Selects Canadian Fintech to Facilitate Cryptocurrency Trading

Crypto Gazette - 14 hours ago
The Jamaica Stock Exchange (JSE) has announced that it will work with Blockstation, a Canadian Fintech to facilitate the trading of cryptocurrencies. According to a press release published August 14, the JSE chose the Toronto-based company to provide ...and...

Kremi up more than 20%; Indies Pharma makes trading debut

Loop News Jamaica - 15 hours ago
Investors attempted to exchange shares in Indies Pharma Limited as high as $2.65 or 75 per cent higher on its opening day of trading on the Jamaica Stock Exchange (JSE), but these trades were canceled. The regulator cancels such trades when a stock ...and...

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