Last Thursday we witnessed a made for TV hostage crisis unfold before our eyes. Only in South Africa can we see a real-world hostage situation take place as defence minister Thandi Modise, her deputy Thabang Makwetla, and minister in the presidency Mondli Gungubele was held for around three hours by disgruntled military veterans who formed …
Opinions of the Day: We have a hostage situation Read More »
The Covid threat is flaring again. While we recorded only 210 new Covid-19 cases and seven deaths in SA on Monday, this morning New Zealand, once the poster child for stamping out the virus, registered the highest number of daily cases since the pandemic began last year amid a spread of the Delta variant in its biggest city Auckland. …
While you were asleep: The Covid fight is far from over Read More »
The JSE tracked global markets down as soaring energy prices reinforced inflation fears and the property crisis and electricity shortages weighed on Chinese growth. The bad data out of China has had a knock-on effect on commodity prices and heavyweight mining counters on the local bourse. Platinum, palladium and gold were down, last trading 1.66%, …
Market wrap: JSE tracks global markets south as inflation jitters intensify Read More »
(Bloomberg) — Bitcoin resumed its climb toward all-time highs with asset manager ProShares poised to launch the first Bitcoin futures exchange-traded fund. The largest cryptocurrency gained as much as 5.5% and was trading at about $61,799 as of 1 p.m. in New York. It fell both Saturday and Sunday to nearly $59,000. Bloomberg News reported …
Bitcoin Pushes Toward Record as Futures ETF Poised to Debut Read More »
Elon Musk, Jeff Bezos and Richard Branson are three men that elicit many strong opinions among us common folk. While we may marvel at their entrepreneurial acumen and boldness at racing against each other to be the first to venture into space tourism, many of us may resent them for not focusing on pressing issues …
Opinions of the Day: What if billionaires competed to create jobs? Read More »
The inflation monster is growing. Everywhere. And it couldn’t have happened at a worse time. New Zealand’s inflation this morning surged to 4.9%, the fastest pace in 10 years, and South Africa’s consumer inflation numbers set for release on Wednesday is expected to soar above 5%, reinforcing bets for interest rates to rise. With Covid …
While you were asleep: The escalating mental health crisis Read More »
The JSE added 0.27% to the previous sessions 1.26% gain to end the week on a healthy 67,028.86 points on the back of significant gains in private hospital stocks and as hospitality counters continue to benefit from easing travel restrictions. Mediclinic led the gains with an 11.39% surge following an upbeat trade update in which …
Market wrap: JSE, rand see a healthy dose of gains Read More »
As it may receive a huge R120bn injection from Coca Cola’s majority-owned local bottler, the centuries-old JSE is hemorrhaging listings. This week alone saw four listed companies – Long4Life, RMH and smaller caps Alaris and CSG – receiving buyout offers, while Liberty’s shareholders voted yes to Standard Bank swallowing its life insurance arm. Over the last 30 years the number of JSE-listed companies has …
While you were asleep: Quality vs quantity as JSE win some and lose a lot more Read More »
Some might say the real test of any political leader is to evaluate how their party performs during elections. Good supporter turnout and high vote percentages at the polls might be enough to rule a party leader a success even while their rhetoric and policies may not be up to scratch. Low turnout and a …
Opinions of the Day: Has Steenhuisen failed already? Read More »
Captain Kirk finally lived his ‘beam me up, Scotty’-moment. At age 90 and more than five decades after coining this phrase in the TV series Star Trek, William Shatner went where only the super rich have gone before, aboard multibillionaire Jeff Bezos’s Blue Origin New Shepard rocket. Back on Earth, the Canadian actor poured his heart …
While you were asleep: From space encounters to real-Earth problems and a crashing lira Read More »
