Features

JOHANNESBURG (Capital Markets in Africa) – South Africa’s main opposition party is proving to be its own worst enemy as it bids to topple the ruling African National Congress from power in next year’s elections. Instead of capitalising on voter antagonism toward the ANC and President Jacob Zuma over a succession of scandals, the Democratic Alliance has stumbled, with its mayors’ performance drawing criticism in several of the biggest cities it runs, including Cape Town and…

HARARE (Capital Markets in Africa) – Zimbabwe, which has the world’s second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51 percent owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert Mugabe resigned under pressure from the military, has announced that the ownership requirement on all other minerals will be abolished. The government needs to assess its platinum and…

Johannesburg, January 19, 2018: The Allianz Risk Barometer 2018 report reveals theft, fraud and corruption as the top risk in Nigeria with 38% of responses, up from #4 in 2017. Market developments remains unchanged at #2 at 36% of responses and changes in legislation & regulation also remains unmoved at #3 with 33% of responses. Fire, explosion and power blackouts (both #7 with 16% of responses) emerged as two new risks in the top 10….

JOHANNESBURG (Capital Markets in Africa) – South Africa’s Reserve Bank named the first woman to the Monetary Policy Committee in more than three years, bringing the rates-setting panel to seven members. Fundi Tshazibana will become an adviser to Governor Lesetja Kganyago and his three deputies from Feb. 19, the central bank said in an emailed statement on Tuesday. She’s the first woman to join the MPC since former Governor Gill Marcus stepped down in November 2014. While the MPC…