Journalist, Bloomberg News, Cape Town. //Views expressed are my own, not those of my employer.//
Cape Town, South Africa
Joined March 2009
- Tweets3.6K
- Following718
- Followers1.4K
- Likes47
Robert Brand retweeted
“The election uncertainty has been weighing on South Africa so an outcome that rules out a populist government would be received well by the market,” said Kaan Nazli of Neuberger Berman bloom.bg/4dNQytD
Robert Brand retweeted
Of the 26 Investors surveyed most say they prefer South Africa over investing in Egypt or Nigeria, Africa’s two other powerhouses bloom.bg/4dNQytD
Robert Brand retweeted
Investors were quick to point out that any rally will be short-lived unless the new government makes some dramatic reforms bloom.bg/4dNQytD
Robert Brand retweeted
The majority of money managers say they will likely increase exposure if the election results in a coalition between the ANC and DA via @ColleenGoko
bloom.bg/4dNQytD
African nations say they won't forego oil and gas development to save the planet when wealthier countries aren't meeting pledges to help them adapt bloomberg.com/news/articles/… via @business
“It is a case of the damage being done and too late to reverse” bloomberg.com/news/articles/… via @markets
South African borrowing costs will only be lowered when inflation’s retreat is sustained, the central bank Governor Lesetja Kganyago says bloomberg.com/news/articles/… via @markets
Nice scoop by colleague @LoniPrinsloo1; Telkom shares fall 20%. MTN walks away from talks to buy Telkom in a deal that would have created South Africa’s largest mobile phone operator bloomberg.com/news/articles/… via @technology
Robert Brand retweeted
The US is reportedly considering a ban on Russian aluminum.
Russia is the world’s second-largest producer of aluminium after China. Russian supplies account for 10% of total US aluminium imports. - ING
Would be an opportunity for South Africa if our rail and ports worked.
Nigeria will be seeking to extend the tenors of its outstanding debts and not necessarily “restructure” its obligations, the country's finance minister said bloomberg.com/news/articles/… via @markets
South Africa’s ports and freight-rail operator raises its wage offer to employees to end a week-long strike that’s hobbling commodity exports bloomberg.com/news/articles/… via @bpolitics
Governments should keep trimming the budget deficits they ran up in the pandemic, even as they seek to help households hit by soaring energy and food prices, the IMF said bloomberg.com/news/articles/… via @business
Zambia’s Finance Minister Situmbeko Musokotwane has urged other African nations considering using the Group of 20’s Common Framework mechanism to restructure unaffordable debt to act quickly bloomberg.com/news/articles/… via @bpolitics
Another domino? Nigeria is considering restructuring its debt and extending the repayment period of its credit obligations, Finance Minister Zainab Ahmed says in an interview bloomberg.com/news/articles/… via @markets
Robert Brand retweeted
IMF revised down their world growth forecast for 2023 to 2.7%, compared with prior estimate of 2.9%. Growth forecast for most countries has been reduced including South Africa. IMF anticipates that SA will grow by only 1.1% in 2023, which is dismal given SA’s population dynamics
JPMorgan’s Michele Warns Mighty Dollar May Trigger Next Crisis bloomberg.com/news/articles/… via @markets
Ghana forms a committee to start talks with its domestic bondholders as part of a plan to secure a potential $3 billion loan from the IMF bloomberg.com/news/articles/… via @markets
Meanwhile, in the real world:
Rare drone footage shows a pod of orcas killing a great white shark off the south coast of South Africa. Now sharks haven’t been seen in the area for weeks bloomberg.com/news/articles/… via @business
Nigeria raises its domestic and foreign borrowing requirement by 15% to fund a record budget deficit, piling pressure on the debt-servicing burden in Africa’s biggest economy bloomberg.com/news/articles/… via @markets
