Sibanye's challenges and South Africa’s gold future - BizNews
Nov 6, 2024 · Peter Major, Director of Mining at Modern Corporate Solutions, discusses challenges facing South Africa’s mining industry. He highlights political volatility in the U.S., Sibanye’s financial performance, and South Africa’s dwindling gold production due to high costs and regulatory burdens.
FT: Musk, Thiel and the shadow of apartheid South Africa
Sep 20, 2024 · The FT’s Simon Kuper highlights the striking parallels between apartheid-era South Africa and modern-day US politics, particularly through figures like Elon Musk, Peter Thiel, and David Sacks, all of whom spent formative years in southern Africa.
China unveils major stimulus package to revive slowing economy
Sep 24, 2024 · Details of Pan’s Package: The seven-day reverse repurchase rate will be lowered to 1.5% from 1.7%RRR lowered by 0.5 percentage points, unleashing 1 trillion yuan in liquidityPBOC didn’t specify when RRR cut takes effectMLF expected to be cut by 0.3 percentage pointsMinimum down-payment ratio cut to 15% for second-home buyers, from 25%China may cut the RRR further this year by another 0.25 ...
Alphabet’s Q3 earnings surge on cloud growth and AI ... - BizNews
Oct 30, 2024 · The Other Bets division remains unprofitable, losing $1.1 billion in the quarter, but Alphabet has been working to narrow those losses. Ruth Porat, Alphabet’s former longtime CFO who famously instilled a greater spirit of fiscal discipline in the company, recently transitioned into a new role as president and chief investment officer.
Tesla soars $80bn on record profits and bold 2025 forecasts
Oct 24, 2024 · A Tesla logo on a tire rim at a charging station in San Francisco, California, US, on Thursday, Oct. 17, 2024. Tesla Inc. is scheduled to release earnings figures on October 24.
The Economist: Why half of America will vote for Donald Trump
Nov 4, 2024 · Donald Trump’s enduring appeal among American voters is a complex phenomenon that defies simple explanations. The Economist explores three key explanations for Trump’s strength: the unique political landscape of the U.S., the economic context favouring anti-incumbent sentiment, and a cultural divide that sees working-class voters aligning with him against an elite establishment.
Musk confirms Starlink awaiting regulatory approval for SA launch
Sep 9, 2024 · Elon Musk has confirmed that SpaceX’s Starlink is awaiting regulatory approval to launch in South Africa. Responding to a South African farmer’s plea for faster Internet, Musk revealed the service is still in the approval process, despite previous delays.
FSCA investigates alleged financial scams involving Banxso
Oct 30, 2024 · The FSCA is investigating alleged financial scams by Banxso and AfriMarkets, accused of using deep-fake ads to lure vulnerable investors. With around 90 million rand frozen and licenses provisionally withdrawn, FSCA’s Gerhard van Deventer emphasizes public education and ethical sales practices, stressing accountability for deceptive financial schemes.
Banxso hit by triple blow from the FSCA, the FIC & the NPA
Oct 16, 2024 · Banxso, the online trading platform, faces a triple blow as the FSCA has provisionally withdrawn its license, the FIC has placed seven bank accounts on hold, and the NDPP has placed a preservation order on its funds amid an ongoing investigation into deep fake ads and investor losses.
FT: PwC to parachute in UK partner to run scandal-hit ... - BizNews
Sep 10, 2024 · The company was China’s largest property developer but Beijing found that it overstated its mainland revenues by almost $80bn in the years before defaulting on its debts in 2021.