South Africa’s rand weakened to a three-month low against the dollar and yields on benchmark government bonds hit record highs amid a selloff fueled by concern about the country’s fiscal outlook as well as the risk-off mood globally. The rand fell a fourth day on Thursday, its longest streak in six weeks, to its weakest … Read More “Rand slumps, yields at record highs as SA Inc falters” »
Image Credit: Complete Farmer To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, … Read More “Alitheia, Goodwell, Acumen Funds co-lead Complete Farmer’s pre-Series A” »
South African producer prices rose faster than analysts expected last month on higher food, metals and machinery prices. The annual rate jumped to 4.3% in August — higher than all eight estimates from economists in a Bloomberg survey — from 2.7% in July, according to data published Thursday by Pretoria-based Statistics South Africa. The median … Read More “SA factory inflation quickens on food, machinery costs” »
Image Credit: Java House To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, … Read More “Actis said to be exploring sale of Kenya-based Java House” »
Fresh drama at property developers including China Evergrande Group is jeopardising President Xi Jinping’s latest efforts to end the housing crisis. Just as China enters a key holiday sales season, a raft of headlines are weighing on already-frail confidence in the property market. Evergrande said it has to revisit its debt restructuring plan and a … Read More “Teetering China property giants undercut Xi’s revival push” »
by Fintechnews Africa 26 September 2023 In the first half of 2023, businesses in Africa embraced digital transformation at a fast pace, fueling demand for innovative e-KYC verification solutions. This is evidenced by the surge in activity observed by Smile ID, the identity verification solutions provider says in a new report. In Smile ID’s State … Read More “Increasing Usage of eKYC in Africa” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “Metier holds strong first close for Capital Growth Fund III” »
Western firms in China are the gloomiest they’ve been about the outlook for business and want Beijing to do more to reassure foreign investors as geopolitical tensions and economic woes dent sentiment. That’s according to a pair of business chamber reports published Tuesday gauging views among American and European companies operating in the world’s second-largest … Read More “Western firms in China are historically glum about outlook” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “RMB Ventures and ACV team up to drive climate returns in current and future investments” »
Chinese stocks rallied Thursday, running against the grain of declines across the region, while the 10-year Treasury yield drifted lower after touching the highest level in 16 years. Shares in Japan, Australia and South Korea fell while those in mainland China and Hong Kong rose, capping a run of daily declines. Tech stocks were well … Read More “China buoys Asia stocks, Yen weakens after BOJ: Markets wrap” »
