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Finweek - English

Finweek - English 1/21/2021

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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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Country:
South Africa
Language:
English
Publisher:
Media 24 Ltd
Frequency:
Biweekly
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25 Issues

in this issue

2 min.
from the editor

i found myself sitting with a cup of coffee in one hand and a cigarette in the other one morning during the first week of a new year, with my two loyal mutts at my side, deep in thought about what’s happening in this world of ours. (I have found that it’s always good to sit and think about this world and her tribulations early in the morning while the day is still full of hope.) Then, suddenly, my cellphone woke me from my pensive state, and I saw it’s a 010 number calling and I am filled with trepidation: Is someone in trouble? No, the voice on the other side is friendly and addresses me in English. It’s still too early for my brain to converse in any of…

5 min.
this is the world of 2030

historians are good forecasters. They are good not because they possess some original insight into the future but because they are smart in their choice of time horizon: instead of speculating about life over the next few months, they prefer to predict the distant future. It buys them more degrees of freedom and less oversight. This is because humans tend to overestimate change in the short term but vastly underestimate change in the long run. So, taking a leaf out of the historian’s playbook, let me try my hand not at predicting where we will be at the end of 2021, but rather the world of 2030. What could happen in ten years? Space travel, for one. SpaceX will be the world’s largest company in 2030, rivalled by Amazon’s space spin-off. A…

4 min.
a year for the turning of political tables?

there is a threat to the ANC’s 26-year grip on power, but this danger does not emanate from its political foes. The threat comes from rapid urbanisation and this formidable rival already sent a strong message to the ruling party when it lost the control of three metropoles during the 2016 local government elections. Throughout South Africa, thousands of poor, unemployed people are deserting their villages to seek greener pastures in major cities. These migrants leave their villages deeply in love with the ANC, only to relocate to squalid squatter camps, where the resentment for their beloved organisation is fomented. In their villages, these migrants never engaged in service delivery protests despite being subjected to unfulfilled promises of rural economic development so often woven in the lexicon of sweet-talking politicians. But in cities,…

4 min.
reforms to kickstart south africa in 2021

what came out of the 2020 ashes were success is human capital. Now that the feasibility of working at home has been proven, it will be tough for companies to walk things back to pre-pandemic times. Over 2021, millions of companies will begin reengineering everything from physical offices to digital infrastructure, and this has broad implications for the economy and our culture. It seems like only recently that the term “ESG” (environmental, social and governance) gained mainstream traction in the investment community. In a short amount of time though, the trend has blossomed into a full-blown societal shift. In 2020, investors piled a record $27.7bn of money into exchange-traded funds (ETFs) traded in US markets, and that momentum only appears to be growing. At the time of writing, China, the world’s most…

4 min.
news in numbers

“WE HAVE PERMANENTLY SUSPENDED THE ACCOUNT.” —Twitter stated that it has permanently banned Donald Trump’s account from its platform, citing the risk of the US president using the platform to incite further violence, following the storming of Capitol Hill by his supporters. “Twitter was a political tool that had helped get him elected and a digital howitzer that he relished firing,” wrote The New York Times last year, in a piece on how Trump reshaped the presidency with tweets. Other online platforms that have outright removed or restricted Trump’s accounts include Reddit, Facebook, Instagram, Snapchat and TikTok, among others. “Many of these things are unaffordable.” – Dr Azar Jammine, Econometrix director and chief economist, responding to President Cyril Ramaphosa’s comment in his address of the ANC’s January 8 statement that the country needs…

3 min.
the vaccine-related metals amid a global economic bounce-back

gold is a disaster metal. In other words, its price improves when life becomes more difficult for human beings. This seems a time-honoured fact of gold’s reputation as “a store of wealth” – a well-known characteristic behind the logic for owning Krugerrands, for instance. Consequently, the metal has had a pretty good pandemic. The gold price pushed through $2 000 an ounce in August and is forecast to do the same again this year, possibly assisted by renewed stimulus once President Joe Biden takes the reins in the US. Less known, however, is how Covid-19 is helping the gold price in a more direct, industrial way. According to legendary gold bull, Sprott Asset Management, a Canadian firm, precious metals in medical instruments, which comprises between 3% to 5% of overall precious metal…