(Reuters) – Trade ties between the United States and Africa will be hit if the U.S. Congress decides to close the Export-Import bank, the Financial Times reported General Electric Co Chief Executive Jeff Immelt as saying. The Ex-Im Bank provides loans, loan guarantees and credit insurance to help private companies export goods overseas. Its biggest … Read more
Striking a balance between reducing carbon emissions while continuing to use coal as a source of energy is an ongoing global challenge – not least in South Africa, where coal provides more than 70 per cent of the national power requirement. Coal mining is a major employer and key component of the South African mining … Read more
I met Gary Shayne, a CA, and Cris Dillon, a chemical engineer, of private equity firm Coast-2-Coast at the Berkshire Hathaway AGM in 2011. They were enthusiastic about building a healthcare business called Ascendis that made its debut on the JSE late last year. The duo, who model themselves on Warren Buffett and Charlie Munger, … Read more
LUANDA (Reuters) – General Electric (GE) will supply railway and energy equipment to Angola in a $1 billion deal financed by the U.S.-run Export-Import Bank (Ex-Im), officials and state-run media said on Wednesday. The state-owned Jornal de Angola newspaper said the agreement would involve $650 million of energy equipment and the remainder on railway machinery. … Read more
Between the the distribution of last week’s newsletter and the writing of my weekly Undictated column for Business Day, a London coroner released results of her investigation into the death of the Merrill Lynch intern Moritz Erhardt. That got me thinking again about the topic of  workaholics. As did an email from old friend, … Read more