The South African Federation of Trade Unions (SAFTU) reacted angrily to the rating agency’s decision to downgrade on Friday 24 November stating, “It is outrageous that these unelected enforcers of the big multinational monopoly corporations can wield such power…” Unfortunately, we can stomp our feet as much as we like, but while we are reliant on…
The last two weeks have been quite a roller-coaster for Southern Africa. We saw the non-coup/coup in Zimbabwe rise and succeed in peacefully removing Robert Mugabe, South Africa lost their bid for the 2023 Rugby World Cup, and there have been shifts in the right direction in terms of our own captured structures.
There is much confusion over the current state of Zimbabwe, South African journalists are being held at the border, and the information that is coming out of the country is questionable. In other news, Treasury Budget Chief, Michael Sachs, resigned this week after ten years of service.
The Paradise Papers have exposed royalty, politicians and rock stars alike. After two of Trump’s ex-aides were implicated in the Russia probe, the Paradise Papers have shown further links between Club Trump and the Russians. In other news, the Saudi Crown Prince has arrested royals, ministers and businesspeople in an anti-corruption purge – could something similar…
Last week Friday, 27 October 2017, American tech had an incredible day with the Nasdaq Top 100 companies adding $200 billion in market cap. Amazon, Microsoft, and Alphabet Inc. were some of the big performers. The South African ALSI had strong returns, but it may not be as healthy as it seems.
The mid-term budget speech was met with widespread disappointment. The numbers were worse than expected, economic growth forecasts decreased, the consolidated budget deficit widened, the nuclear deal was not addressed, and neither was the continuous bailing out of State Owned Enterprises – there is a concern that the rating agencies may downgrade us as a…
In South Africa, the last few days have caused a stir! Jacob Zuma reshuffled his cabinet, international corruption fighters have gotten involved in the Gupta case, and Dudu Myeni has been replaced as chairperson of South African Airways (SAA).
Internationally, there have been Brexit ball games and the ambiguous possibility of Catalonian independence. Locally, there are concerns over Gigaba’s interim budget allocations to State Owned Enterprises. We also outline below, the Dynasty house-view on the positioning of our domestic portfolios ahead of the ANC Elective Conference in December.
Fresh debate about gun control in America after a horrific mass shooting in Las Vegas. In South Africa, the countdown continues to the ANC’s elective conference in December. Read on for more:
