South Africa Archives

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Economics, Policy & Regulation

Cover Story : Capitalizing on the Crisis

CAPITALIZING ON THE CRISIS RETURN OF THE IMF As crippled nations beat a path to its door, the IMF is enjoying a dramatic return from near-irrelevance. How it wields its revived power and influence will determine its long-term future. ...

Emerging & Frontier Markets

Emerging Markets : Crisis Starts To Bite Harder

AFRICA Manuel: Rand's slide will help the country balance its books. Johannesburg-based AngloGold Ashanti, Africa’s largest gold producer, hopes to refinance a $1 billion convertible bond before Christmas, despite current market conditions that have all but closed the ...

Emerging & Frontier Markets

Emerging Markets : Tiger Brands/South Africa – Tiger Brands Pounces In Kenya

COMPANY TO WATCH: TIGER BRANDS/SOUTH AFRICA Tiger Brands, South Africa’s biggest food producer, is expanding internationally, particularly in Africa and primarily through acquisitions. The company recently completed the purchase of a controlling interest in HACO Industries, a Kenya-based ...

Emerging & Frontier Markets

Features : An Uphill Battle

AFRICA Regional trading groups are struggling to boost intra-regional trade flows in sub-Saharan Africa. Illicit trade continues to flourish in Southern Africa, with smuggled goods totaling an estimated $50 billion a year. Fears of a global recession and a ...

Capital Raising & Corporate Finance

Corporate Finance : Credit Crunch And A Slowing Economy Crimp Worldwide Buyout Activity, Putting Strategic Buyers In Control

MERGERS & ACQUISITIONS Worldwide announced mergers and acquisitions in the first three quarters of 2008 declined by 25% from the same period a year earlier, according to Thomson Reuters, reflecting the effects of the credit crunch ...

Emerging & Frontier Markets

Emerging Markets : Disaffected Investors Turn Sights On Africa

AFRICA Kampala in Uganda, where African leaders discussed plans for growing investment. East Africa may benefit from the recent turmoil on global financial markets, as investors seek less risky and higher yielding markets. Speakers at September’s ...

Capital Raising & Corporate Finance

Corporate Finance : European Mergers Gain With Pair Of Big Deals

MERGERS & ACQUISITIONS Europe passed the United States in corporate dealmaking in August thanks to two large transactions, including a spin-off and a hostile bid. The total of US mergers and acquisitions for the year to date of $849 billion, ...

Capital Raising & Corporate Finance

Cover Story: African stepping up

AFRICAN INFRASTRUCTURE FINANCE Sub-Saharan Africa’s economic development is still constrained by a historic dearth of infrastructure investment. Private sector investors might be able to provide the hitherto missing link. Controversial development: Dams such as the Kariba on ...

Emerging & Frontier Markets

Emerging Markets : India’s Companies Continue Aggressive Acquisition Spree

INDIA Nano, no? Protests in West Bengal may derail Tata's plans to build the world's cheapest car. According to a survey by consultant KPMG, India’s companies are among the world’s most aggressive in buying companies based in ...

Emerging & Frontier Markets

Emerging Markets : Infrastructure Fund In Controversy

AFRICA Unemployment and homelessness have risen sharply in Zimbabwe. Following the controversial reelection of president Robert Mugabe in June, Zimbabwe has fallen into even greater economic chaos. Officials said annual inflation leapt to 11.2 million percent in ...

Emerging & Frontier Markets

Newsmakers : Way Cleared For Jacob Zuma To Run For President

SOUTH AFRICA Zuma: Election victory all but assured after charges are dropped. South Africa’s High Court last month dropped all corruption charges against Jacob Zuma, president of the African National Congress (ANC). Although the decision was based ...

Emerging & Frontier Markets

Emerging Markets : Zimbabwe’s Zero-Sum Game

AFRICA All change: Zimbabwe's coins have value again. With hyperinflation eroding the nation’s economy, Zimbabwe’s government is taking desperate measures. It lopped off 10 zeros from the Zimbabwe dollar, as inflation is now running at 2.2 million percent ...