South African President Cyril Ramaphosa announced his plan to set up a Sovereign Wealth Fund in his State of the Nation Address last week. According to analyst this move will prove difficult considering South Africa’s gloomy budget deficit and few resources to spare. Joining CNBC Africa to give insight is Neville Chester, Portfolio Manager at Coronation Fund Managers and Victoria Barbary, Director of Strategy and Communications at the International Forum of Sovereign Wealth Funds.
THE COVID-19 GLOBAL pandemic has brought forward the future. It has brought about humanity’s biggest challenge in a century, to choose between...
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The City of eThekwini pulled out all stops to give fans of the annual Vodacom Durban July (VDJ). The Virtual Vodacom Durban...
Experts said miners had not placed as much importance on tailings management, with little prestige attached to the unglamorous work of trekking to remote mine waste dams, where engineers analyze the consistency of the slurry and verify the integrity of the structure.
Walt Disney Co’s (DIS.N) shares jumped, to put it among the biggest boosts to the S&P 500 and Dow. The stock notched its biggest daily percentage gain since March 24 as revenue declines for Disney parks and media networks were not as bad as feared.
“The dollar is collapsing under the weight of $3 trillion in printed dollars, this all comes out in the wash with higher gold prices,” Giannotto said.
He had said earlier in the day that authorities would increase police, paramilitary, marine and immigration presence on its border with Senegal as scores of Senegalese who live in Gambia return from celebrating Eid al-Adha with their wider families. Senegal has recorded over 10,500 cases.
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