Brian Kantor: Zuma blunders now priced into SA assets as a permanent danger
Investors are now pricing in a permanent “Zuma” cost for SA assets. They want insurance against him trying another crazy, costly maneuver, says Brian Kantor.
Investors are now pricing in a permanent “Zuma” cost for SA assets. They want insurance against him trying another crazy, costly maneuver, says Brian Kantor.
The value of South African assets abroad outstripped foreign investment into the country for the first time on record – thanks to the Rand’s slump.
Vladimir Putin’s Vnesheconombank, used to pay for “special projects,” needs a rescue of its own and it could be the Kremlin’s costliest yet.
South African Airways (SAA) could have cost the country an extra few billion rand if the Airbus deal was changed again says Mike Schussler of Economists.co.za.
Nigerian authorities will wait for the outcome of a court challenge filed by South African telecoms firm MTN before deciding on whether to enforce a $3.9 billion fine.
James Myburgh asks how independent can Independent Newspapers be with almost a billion rand in growing debt to the State Pension Fund.
Finance Minister Pravin Gordhan, directed the Board of South African Airways (SAA) to conclude the swap transaction with Airbus in line with approval granted in July 2015.
Glencore’s aggressive approach to shrinking the industry’s biggest debt pile is fuelling optimism the trader and miner can retain its investment-grade credit rating amid the worst commodities rout in seven years.
Barclays is suddenly keen to sell its 62% controlling share in top SA retail bank Absa. The Barclays stake is worth R73bn down by R6bn since last Wednesday.
Well-known economist Peter Attard Montalto says hard decisions need to be made as nothing has been said yet that’ll save South Africa from junk status.