Features | - Part 207

Land Reform `Key’ for S. Africa Economic Stability, ANC Says

JOHANNESBURG (Capital Markets in Africa) – South Africa’s ruling party will accelerate the transfer of land to the black majority to help reduce inequality and avert future protests, the African National Congress’s spokesman Zizi Kodwa said. “If you don’t deal decisively with the issue of land, you may have to deal with a bigger problem,” Kodwa said in an interview at the party’s head office in Johannesburg on Wednesday. President Jacob Zuma has vowed to step up wealth distribution in…

African Soccer Ruler’s 29-Year Reign Ends After Election Defeat

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – A little-known official from Madagascar toppled African soccer head Issa Hayatou, ending almost 30 years of rule as the world’s most-popular sport continues to deal with the fallout of corruption probes into its management. Ahmad Ahmad, 57, will replace Cameroon’s Hayatou, who is also senior vice president of global governing body FIFA, after a 34-20 victory in a vote Thursday in Ethiopia’s capital Addis Ababa. Hayatou’s ouster is the second…

Military wins in first Trump budget; environment, aid lose big

Posted on by The Editorial Team

WASHINGTON (Capital Markets in Africa) – President Donald Trump will ask the U.S. Congress for dramatic cuts to many federal programs as he seeks to bulk up defence spending, start building a wall on the border with Mexico and spend more money deporting illegal immigrants. In a federal budget proposal with many losers, the Environmental Protection Agency and State Department stand out as targets for the biggest spending reductions. Funding would disappear altogether for 19…

Will Income Tax & Petrol Price Rises Trigger Debt Spirals in South Africa?

Posted on by The Editorial Team

Personal debt levels may have at long last begun to fall in South Africa, but future income tax and petrol price hikes have triggered fears that growing financial pressures on South African households could see this positive change reversed. What’s on the horizon? There are a number of upcoming financial challenges which may affect South African households in the coming year. This February, for instance, continuing fuel price rises are predicted to hit forecourts across…

Powerful Finance Tips To Help Lower Your Risk Of Going Into Debt

Posted on by The Editorial Team

Melbourne (Capital Markets in Africa) – For many businesses, especially young or growing businesses, the proverbial question is not how to grow or succeed, but how to avoid taking on risky debt in order to do so. In the long and storied history of finance, the concept of debt is relatively new. Many of the world’s largest and most successful firms were those that generated or held the most debts from others. Morgan and Baring,…

Nigerian Regulator Seeks to Block Takeover of Etisalat Unit

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria’s telecommunications regulator is seeking to block a potential takeover of Emirates Telecommunications Corp.’s unit in the country by a group of banks after the mobile-phone operator missed repayments on a $1.2 billion syndicated loan. The Nigerian Communications Commission has urged the central bank to intervene in the matter because it is concerned over the fate of Etisalat Nigeria’s more than 20 million subscribers in the country, the Abuja-based NCC said in an…

Nigeria’s economic recovery plan has modest oil & gas ambitions but needs clarity, Says Ecobank

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The government of Nigeria rolled out its Economic Recovery and Growth Plan yesterday. The plan, which is expected to enable the country borrow funds from both the World Bank and African Development Bank, is targeted at quickly pushing the country out of recession back into a stable growth path between 2017 and 2020. A cardinal aspect of the plan is fixing the oil and gas sector to enable output…

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