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Finweek - English

Finweek - English 19 March 2020

Finweek is South Africa’s leading financial weekly magazine focusing on investment. With its brisk, creative and authoritative analysis of business and investment issues, it’s an essential business tool in the daily battle for competitive advantage. Today's business decision-makers have to cope with increased pressure on their time and are expected, more than ever before, to succeed in the face of stiffer competition. Finweek provides relevant information in quick bytes, along with award-winning investment advice.

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25 Números

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2 min.
from the editor

Somewhere amid Russia and Saudi Arabia’s oil war, the tumbling of markets and the proliferation of coronavirus hysteria, International Women’s Day was celebrated. At a time when our reality doesn’t read unlike the plot of a dystopian novel, I found it difficult to be inspired by this day. Given the gender-based violence crisis we are facing in this country, it’s clear that South Africa still has urgent work to do towards achieving gender parity. On paper, we’re doing well. According to the World Economic Forum’s Gender Gap Report 2020, SA ranks 17th out of 153 countries on the Gender Gap Index. Categorised by the region of sub-Saharan Africa, we come in third behind Rwanda and Namibia respectively. Globally, Rwanda is ranked ninth. The report, which has been running since 2006, tracks the relative…

4 min.
battling bacchus and human behaviour

human behaviour is difficult to predict – and even more difficult to control. We might think we know what to do to dissuade bad behaviour, but our good intentions could easily have the opposite effect, encouraging even worse behaviour. That’s why economists and other social scientists have for long insisted that we test theories of human behaviour against real-world evidence. There are several ways to do this. The most obvious is in a laboratory setting where all things are the same and the only difference between the treatment group and the control group is the thing you wish to test. But many policies simply can’t be tested in a lab. Apart from policies that affect large groups (an interest rate hike or tax decrease), there are also individual behaviours we’d like…

4 min.
from the cape to cairo – it’s ramaphosa’s turn

your Hinterland is there,” reads the inscription under a statue of the arch-colonialist Cecil John Rhodes, still – despite the ferocious Rhodes Must Fall agitation – standing, with his left arm raised, facing north, in the Company Gardens in Cape Town. It’s a touch ironic but that could almost be President Cyril Ramaphosa standing there. And saying that. He is the champion of the African Union (AU)-Nepad North-South Road, Rail and Related Infrastructure Corridor which aims to connect the “Cape to Cairo”. That was also the great dream of Rhodes. Ramaphosa’s reverie is, of course, to flood the hinterland with South African exports, not with conquering redcoats, though some rival countries on the continent are bound mischievously to conflate the two. His instrument is the African Continental Free Trade Area (AfCFTA), which is…

2 min.
in brief

“YES, PLEASE, JUDGE ZONDO, GIVE US AN INTERIM REPORT.” – Adv. Shamila Batohi, national director of public prosecutions at the National Prosecuting Authority, said she knows the pressure is high to prosecute for corruption and state capture. She spoke at Daily Maverick’s ‘The Gathering’ conference in March. “The last thing we need is when the commission is finished to dump this massive data. It really worries us,” she said. The publication said that the Special Investigating Unit’s probes of municipal malfeasance reported 18 finalised cases, 21 are before court and 25 are still under investigation. “We saw a risk to the outlook for the economy and chose to act.” – Jerome Powell, US Federal Reserve chairman, said that considering the coronavirus’ evolving risks to economic activity, the Federal Open Market Committee (FOMC) decided…

2 min.
double take

THE GOOD PepsiCo agreed to a worker empowerment deal as part of its acquisition of Pioneer Foods (the producers of Sasko bread, Spekko rice, Imbo beans and Ceres juices), in a deal that was confirmed by the Competition Commission, said the department of trade and industry in a statement. Under the terms of the deal, PepsiCo made commitments to jobs, investment, local empowerment and procurement and agreed that its sub-Saharan headquarters would be in South Africa. Pioneer Foods’ employees would be issued with shares in PepsiCo worth R1.6bn, to be used to finance a 13% stake in the local subsidiary after five years. The company’s 10 000 employees are also protected from any merger-specific retrenchments and PepsiCo agreed to maintain aggregate employment at current levels for a five-year period. THE BAD Anglo American…

3 min.
women in mines key to drive earnings

admittedly there are some things women can’t do as well as their male counterparts in the mining industry, such as handling heavy machinery, for instance. Then again, women are better than men at arriving at work on time; and they don’t break the large articulated trucks they operate either, unlike men. That’s according to Deshnee Naidoo, CEO of Vedanta Zinc International and a Minerals Council South Africa board member who’s driving the organisation’s White Paper aimed at advancing the role of women in the industry. There’s a raft of information that shows involving women in the mining business is not just the mark of a just, modern society, but a good business strategy. Fortune 500 companies with at least three female directors have a return on equity in excess of 53%, while diverse…