LATEST Covid-19  

Coverage of the business and financial impact of the Covid-19 epidemic.

Africa needs $424bn to recover from pandemic devastation

7 Jul 2022 /  Caroline Hepker and Tom Mackenzie, Bloomberg  
'We should not minimise the impact of Covid-19 on African economies,' Akinwumi Adesina, president of the African Development Bank, said.

Aveng shares advance for a third straight day

UPDATE
7 Jul 2022 /  Roy Cokayne   1
On news of its R282m claim settlement, debt repayment plan and progress with the disposal of Trident Steel - its last material non-core asset earmarked for sale.

Who could succeed Boris Johnson?

6 Jul 2022 /  Ellen Milligan and Joe Mayes, Bloomberg  
Runners and riders.

Ster-Kinekor shows fair chance of rescue, reports BRP

5 Jul 2022 /  Nondumiso Lehutso  
Company’s liquidity has remained stable and improved marginally.

Oil holds above $110 as tight supply balanced by recession risk

5 Jul 2022 /  Sharon Cho, Bloomberg  
Brent for September settlement added 0.4% to $113.89 a barrel on the ICE Futures Europe exchange.

Octodec still banking on the Pretoria and Joburg CBDs

5 Jul 2022 /  Suren Naidoo   2
Jeffrey Wapnick, MD of the JSE-listed real estate investment trust, discusses how the residential property market has recovered from the Covid-19 fallout and why he still sees commercial property opportunities in Gauteng’s two biggest city centres.

Bruised emerging markets are battle-ready for a US recession

4 Jul 2022 /  Netty Ismail, Bloomberg  
So why are investors expecting the developing world to show resilience when a US recession hits?

EU lending arm aims to raise 100bn euros to help rebuild Ukraine

4 Jul 2022 /  Philip Blenkinsop, Reuters  
The EU-Ukraine Gateway Trust Fund would seek to have an initial 20bn euros in contributions from EU countries and the EU budget in the form of grants, loans and guarantees.

Don’t harm yourself with emotional perspectives: Hlelo Giyose

3 Jul 2022 /  Ryk van Niekerk    2
First Avenue Investment Management's founder and CIO offers insight into his investment journey and explains why he made it his career.

What it would take to set up an African drug discovery ecosystem

3 Jul 2022 /  Ozlem Tastan Bishop, Adrienne Edkins, Edwin Murungi, Fabrice Boyom and Heinrich Hoppe   2
Access to infrastructure, long-term funding and supply chain constraints are among the challenges.

G7 and Nato summits lay bare deep and hostile divide between Russia and China and the west

3 Jul 2022 /  Stefan Wolff   3
The outcomes of both events indicate the limits of western-dominated global governance and deepening polarisation.

Meme stock investors place risky bet on bankrupt Revlon being the next Hertz

3 Jul 2022 /  Angelique Chen and Krystal Hu, Reuters  
Retail investors who bought Hertz shares after it filed for bankruptcy in May 2020 ended up with handsome profits when a group of investment firms offered $6bn a year later to take over the car rental firm.

Firms from rich countries are taking factories home

2 Jul 2022 /  Adegboyega Oyedijo   2
What this means for Africa.

UK Covid cases surge 32% in one week as subvariants spread

1 Jul 2022 /  Deirdre Hipwell, Bloomberg  
News of a country-wide jump in cases comes a day after the UK Health Security Agency reported that England’s hospital admissions are climbing again, with intensive-care cases spreading among older age groups.

Richest billionaires lose $1.4trn in worst half-year ever

1 Jul 2022 /  Josephine Walker, Bloomberg  
With policy makers now raising interest rates to combat elevated inflation, some of the highest-flying shares -- and the billionaires who own them -- are losing altitude fast.

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