Features | - Part 218

Africa is still a difficult region for paying taxes – PwC

JOHANNESBURG (Capital Markets in Africa) — Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC (www.PWC.com). Download the report: http://www.APO.af/PwC Released today, the report finds that the Total Tax rate decreased by 0.1 percentage points to 40.6 percent; time to comply declined by 8 hours to 251…

Expecting the unexpected: A post-Brexit world

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – The Brexit vote and the election of Donald Trump mark the rise of nationalism and risk intensifying the politics of fragmentation in the European Union. A new report by Amundi Asset Management and CREATE-Research shows how investors are adapting to the post-Brexit world. Its main focus is on political risks, asset allocation and product innovation. One of its conclusions is that investment processes need to go well beyond financial…

High Interest Rates: How do they impact Small Businesses in East Africa?

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JOHANNESBURG (Capital Markets in Africa) – Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses. That’s the word from Billy Owino, Regional Director for Sage East Africa (www.Sage.com), the market leader for integrated accounting, payroll, and payment systems. He says that business builders feel the pressure of rising interest rates more severely than…

Steady rates, rand to buoy South African bonds despite “junk” threat

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JOHANNESBURG (Capital Markets in Africa) – Yield-hungry investors look set to boost demand for South African bonds despite the threat of rating downgrades to “junk”, as the cycle of interest rate hikes ends, the rand recovers and inflation calms down, analysts say. The Treasury is battling to avoid downgrades from Moody’s, Fitch and S&P this year, with the agencies keen to see Pretoria’s commitment to fiscal prudence. But Lesiba Mothata, chief economist at Investment Solutions, which…

Nigerian lawmakers say 2017 draft budget has unrealistic assumptions

Posted on by The Editorial Team

ABUJA (Capital Markets in Africa) – A draft budget framework for 2017 submitted to parliament by Nigerian President Muhammadu Buhari is based on unrealistic assumptions about oil production and the currency exchange rate, lawmakers said on Wednesday. Nigeria slid into recession in the second quarter for the first time in 25 years , largely because oil price fell. Crude oil sales account for 70 percent of government revenue. The budget plans, which include spending a record…

OPINION: What Trump’s Presidency mean for Africa’s Economy?

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LAGOS (Capital Markets in Africa) – The ‘’Trump victory” in the United States drew very similar surprises and developed market angst compared with the “Brexit leave” vote in June this year. The prospect of restrictive migration policies, more trade barriers, and protectionist policies which according to their advocates will stimulate job creation and address income equality at home should be considered as a plausible response in shaping the Sub-Saharan African economic landscape in the future….

How Trump’s victory creates mixed fortunes for Africa’s economies

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Donald Trump’s recent victory as US’ 45th president leading to concerns around US political risk and its implications for the world economy as well as protests and demonstrations across the United States however his unconventional rhetoric during his campaign trail caused concern to global currencies and capital markets and is likely to create mixed fortunes for African economies says an Economic Report by Ecobank . In the short term…

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