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Africa
Zimbabwe kicks off cannabis industry with prison plantation
17 October 2019 / Ray Ndlovu and Antony Sguazzin, Bloomberg
Ex-Credit Suisse banker says he hid $45m worth of bribes
17 October 2019 / Patricia Hurtado, Bloomberg
Kenya to double debt ceiling to almost match economy’s size
David Herbling, Bloomberg
/ 16 October 2019
The increased debt-ceiling could derail Kenya’s planned fiscal consolidation, the Parliamentary Budget Office says.
Zimbabwe starts further power cuts due to Eskom outages
Ray Ndlovu, Bloomberg
/ 16 October 2019
Eskom’s power cuts affect electricity exports to Zimbabwe.
LATEST
Companies and Deals
‘It’s not MTN’s responsibility to save Cell C’
17 October 2019 / Duncan McLeod
Zimbabwe cancels deal with Transnet JV to recapitalise state rail firm
17 October 2019 / MacDonald Dzirutwe, Reuters
Nestle to return $20bn to investors
Corinne Gretler, Bloomberg
/ 17 October 2019
Revenue up 3.7% on an organic basis in the 9 months through September.
Mediclinic interims set to confirm healthy growth
Neesa Moodley
/ 17 October 2019
Across all divisions, with Swiss operations achieving a significant increase in revenue.
LATEST
Economy
Too many South Africans are slaves to debt
16 October 2019 / Melitta Ngalonkulu
Sub-Saharan Africa's economic outlook uncertain as global growth teeters
15 October 2019 / Vuyani Ndaba, Reuters
Only two provinces have above-average living conditions – report
Tebogo Tshwane
/ 15 October 2019
New index finds they are the usual culprits: Gauteng and the Western Cape.
What to watch to see if world economy is heading into recession
Simon Kennedy, Bloomberg
/ 11 October 2019
IMF prefers term 'synchronised slowdown'.
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Industry
Mining, Engineering, Industry, Factory production
Vaping may help tens of thousands quit smoking, UK study shows
17 October 2019 / Corinne Gretler, Bloomberg
Rainbow Power Cement can't manufacture or supply cement to SA - regulator
16 October 2019 / Roy Cokayne
South Africans are paying more to drink
Melitta Ngalonkulu
/ 15 October 2019
Retailer revenue growth is soaring, while sales volumes remain steady.
Chocolate makers face sustainability dilemma over farmers’ pay
Leanne de Bassompierre and Manisha Jha, Bloomberg
/ 14 October 2019
Cocoa farmers are growing increasingly frustrated with the slow uptake of a plan adopted to help improve their pay.
LATEST
International
Brexit: EU says UK team agreed to draft deal
17 October 2019 / Nikos Chrysoloras, Thomas Penny and Tim Ross, Bloomberg
Brexit deal in doubt after Johnson’s Northern Irish allies reject plan
17 October 2019 / Tim Ross, Bloomberg
Junk bond sales soar before Brexit clock strikes midnight
Laura Benitez, Bloomberg
/ 16 October 2019
Corporates are capitalising on bonds ahead of Brexit.
Brexit deal inches nearer as key Boris Johnson ally threatens hold-out
Ian Wishart, Bloomberg
/ 16 October 2019
Ireland is still posing a problem.
LATEST
Markets
EM stocks rise on trade optimism; Turkish lira holds steady
17 October 2019 / Susan Mathew, Reuters
We're one mistake away from a global recession
17 October 2019 / Daniel Moss, Bloomberg
Wall Street slips as weak economic data offsets earnings strength
Stephen Culp, Reuters
/ 17 October 2019
Retail sales fall in September for first time in 7 months.
Wall Street advances as earnings season hits the road running
16 October 2019
Brexit hopes boost sentiment.
LATEST
South Africa
Treasury moves mini budget date - again
17 October 2019 / Tebogo Tshwane
SA seeks to renegotiate old renewables projects
17 October 2019 / Alexander Winning, Reuters
SA cabinet approves power plan
UPDATE
Reuters and Moneyweb
/ 17 October 2019
The plan must still be publicly gazetted, cabinet says.
Mid-term budget may come a day early – finance minister
Mfuneko Toyana, Reuters
/ 17 October 2019
Minister changes the date to accommodate President Cyril Ramaphosa's travel plans.
LATEST
Tech
Tesla’s China plant is hooked up to State Grid power supply
17 October 2019 / Bloomberg
US, South Korea bust giant child porn site by following a bitcoin trail
16 October 2019 / David Voreacos, Bloomberg
Huawei woos No. 2 wireless market as India sits on 5G fence
Ragini Saxena, Bloomberg
/ 16 October 2019
India has been an investment focus for Huawei even though the government is still to decide on auctioning 5G spectrum to carriers.
Walmart subsidising some vendors in price war with Amazon
Matthew Boyle, Bloomberg
/ 15 October 2019
Walmart introduces a program to temporarily lower the price of some items on its marketplace site.
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UPDATE
Nova board sidesteps disclosure obligations
Ryk van Niekerk / 16 October 2019
The board claims the resignation of Derek Cohen as trustee of the Nova Debenture Trust was 'unlawful'.
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