The Impotance of Social Life.

-
  As the sun set over the familiar neighborhoods, we as a group of friends gather at our favorite hangout spot, reminiscing about old times and sharing the current. We had been had grown up together, exploring the streets, sharing laughter, and supporting each other through thick and thin. Some of our friends are late. Over the years, we had gone or separate ways, chasing dreams and building careers. Some had moved to different cities, while others had stayed close to home. Despite the distance and varying degrees of success, our bond remained strong. On weekends as  we sat together, we couldn't help but notice the different stages of life we had each reached. Some are married with kids, while others were still pursuing their passions. Some have achieved great professional success, and others have taken  more unconventional paths. One of our friends,  had been always dreaming of starting her own business. He had taken the leap and is now running a successful startup....
Post a Comment

Foreigners are pulling their money out of South Africa, JSE warns

-

 1 September 2021

The Johannesburg Stock Exchange has raised concerns about the capital outflows from South Africa, which has steadily increased over the last few years.

In a written submission to parliament on Treasury’s new tax bills, the JSE said South Africa’s macro environment has deteriorated over the past five years. All three global rating agencies lowered their ratings of South Africa’s sovereign credit standing in 2020.

As a result, South Africa has either exited key global indices or become severely diluted, it said.

“The effect of this negative macro environment has been significant net outflows in trading by foreigners in South African bonds and equities.

“It is our view that limiting the re-use of collateral will lead to a significant decline in liquidity in the South African capital markets, the diminished attractiveness of South Africa as an investment destination and further capital outflows.”

These concerns were echoed by JSE chief executive Leila Fourie who said that the rate of capital leaving the country is the one thing that keeps her awake at night.

Fourie told BusinessDay that South Africa needs to do more to make an investment case for the country,

“I sleep very well normally, but if something were to steal my sleep from me, it would be foreign flows,” she said.

“I am concerned about the disinvestment from SA, and I think as a country we need to do more to put out a positive narrative and to start to create a coalition of the willing between the public and private sector to try and crowd in more financial support and more inbound investment.”

South African stocks kicked off August on a positive note, rising to trade near their all-time high and joining global peers in rallying as some of the concerns over China’s regulatory crackdown eased, and progress on a US infrastructure spending plan aided sentiment, Bloomberg reported.

However, sentiment toward South African shares has proved temperamental as investors search for yields in emerging markets, with foreigners offloading an estimated R87.13 billion in stocks in 2021.

Foreign investors sold a net R125.6 billion worth of JSE shares and other listed instruments in 2020 when the local economy was in a deep recession and contracted by the most in recorded history, Citywire reported.

Read: Beer industry wants government to change the way it taxes alcohol in South Africa

Comments

Post a Comment

Popular posts from this blog

MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions

-
Image
  USINESS REPORT COMPANIES MultiChoice’s black economic empowerment scheme is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. Picture: Karen Sandison/African News Agency(ANA) MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions By Edward West   Feb 16, 2021 CAPE TOWN - PHUTUMA Nathi, the MultiChoice black economic empowerment scheme of more than 80 000 shareholders, is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. “This money belongs to our shareholders. We’re calling on them to contact us to get their money. In these tough economic times we want to do everything in our power to give them what is rightfully theirs,” Phuthuma Nathi chairperson Mandla Langa said in a statement yesterday. Phuthuma Nathi has been paying dividends every year since the start of the scheme in 2006. Am...
Read more

Car Hijackings in South Africa.

-
 Being a resident of the South African Community, l have came to realize that in some cases we have Car hijackings that will leave one to wonder what will have happened and where did those robbers comes from. The events unfold in a very fast and violent  manner which no-one will be prepared for. Its so traumatic, horrific and in some cases individuals end up loosing their lives.  l realized that these individuals who carry out such bad things works with someone who either will be seeing you close by or else you will be drinking on the same counter in a bar and he is relaying the information to those waiting for you outside. It's so unfortunate that some people that we meet are not there for the social life that you go for. They are on a mission to take you down. It is difficult to raise public awareness and advise people to be vigilant. However a few tips can try to raise awareness such as if you see that you are being followed drive to the nearest police station. In publ...
Read more

MOTORS MARINE MAY 7, 2021 Boat of the Week: This 171-Foot Super-Luxe Sportfishing Yacht Is the Largest in the World

-
Image
  The epic vessel is a 30-knot "battlewagon" designed to chase marlin, swordfish and sailfish. It's also decidedly lavish. By  HOWARD WALKER           Courtesy Vripack To hook the world’s biggest fighting fish, in the words of Chief Brody in the classic 1975 movie  Jaws , “You’re going to need a bigger boat.” Privately owned  fishing  boats won’t come any bigger than this astonishing 171-foot super-luxury sportfisherman, set to claim the title of “World’s Largest Sportfish Superyacht.” Designed by Dutch naval architects  Vripack , and soon to start construction at the Royal Huisman yard in the Netherlands, Project 406 as it’s currently codenamed, will be a 30-knot “battlewagon,” designed to chase marlin, swordfish and sailfish to the ends of the earth. “Project 406 is a sportfishing machine on steroids,” Vripack co-creative director Bart M. Bouwhuis told  Robb Report . “It has the proportions of a typical American sportfishing ...
Read more