Tech Startup Funding Report illustrates Africa’s startup-investor boom
South Africa, Nigeria and Kenya are top destinations for tech investments in 2017...
Tag : South Africa
Cyril Ramaphosa elected as South Africa’s new President
Jacob Zuma’s resignation from his presidentship marks the end of a leadership corruption...
South African President Jacob Zuma’s position in troubled waters
Mr Zuma denies stepping down, says Julius Malema...
These are the most and least affordable places to travel this holiday season
Contrary to their notoriously high costs, San Francisco and Chicago ranked in the top five most affordable holiday travel destinations because of seasonal deals on flights and hotels....
Carlyle to become largest shareholder in Global Credit Ratings
The transaction with the South African company is expected to close in early 2017 January 19, 2017: Global alternative asset manager The Carlyle Group (NASDAQ: CG) announced on January 16 that it has agreed to acquire a significant stake in Africa’s largest credit rating agency Global Credit Ratings (GCR) from the management, founders and German...
Iran shifts tactics to lock in global energy allies
Adopts fresh approach to crude oil blending, ropes in collaborators Daniel Colover June 23, 2016: Iran’s new approach to building energy allies is being revealed as the former powerhouse staggers back onto the global stage. The lifting of Western-imposed sanctions on January 17 has given the country a new lease of life. Tehran’s ability to...
World Bank cuts global growth outlook
Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...
‘Many people assume that engineers work in the middle of nowhere’
Naadiya Moosajee is trying to get more African women to study and pursue a career in engineering Miriam Mannak March 3, 2016: GDP-wise, Africa is doing well – with 4.5% growth predictions for 2015 and beyond. That doesn’t take way the fact that the continent is one of the world’s least developed regions in terms...
The grim and costly side of South Africa’s strike culture
Striking mobs have been part of the South African economic landscape for quite some time. Over the past few years however, industrial action has become more frequent, violent, and costly; and a growing worry among investors, business owners,analysts. Miriam Mannak August 8, 2014: It has been a tumultuous couple of months on the South African...
A Billion-dollar Opportunity for Developing Countries
BY OTAVIANO CANUTO. 19th November 2013 The decision last week by the Swiss government to sign the OECD’s somewhat lengthily named Convention on Mutual Administrative Assistance in Tax Matters is the latest of a series of developments that have radically increased the amount and quality of tax information available to governments. For developing countries, being...