South Africa’s Youth Are Deserting the Party of Nelson Mandela

South Africa’s Youth Are Deserting the Party of Nelson Mandela

JOHANNESBURG (Capital Markets in Africa) – Twenty-five years after the African National Congress ended apartheid, it faces being brought down by an increasingly young and urbanized electorate.  In the South African township where Nelson Mandela joined the struggle against apartheid, Lordwick Nxumalo is reduced to hustling for a living. Each day, he and other young jobless men of Soweto hang around on Walter Sisulu Square, waiting to take passport pictures for documents like driving licenses….

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IWG, The Leading Flexible Workspace Provider Launches Franchise Opportunity in Africa

IWG, The Leading Flexible Workspace Provider Launches Franchise Opportunity in Africa

Franchise opportunities – Africa’s economy will grow faster than any other continent’s over the next five years and flexible working is a huge part of that future International Workplace Group (IWG plc) this month announced the expansion of the first flexible office space franchise opportunity in Africa. The company is currently seeking driven multi-brand franchise operators, landlords, private equity firms and high net-worth individuals to seize the opportunity to buy into the lucrative flexible working…

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Tough Brexit Talk But Neither Side Has Given Up on Breakthrough

Tough Brexit Talk But Neither Side Has Given Up on Breakthrough

LONDON (Capital Markets in Africa) – Angela Merkel’s challenge to Boris Johnson to find a Brexit solution in the next 30 days sounds impossible. But while both sides are talking tough, officials in private say there’s still time to salvage a deal. The latest person to sound skeptical about the British prime minister’s chances of taking the U.K. out of the European Union with an agreement was a senior French official close to President Emmanuel Macron. A no-deal…

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Amazon Spends $15 Billion to Help Merchants in Charm Offensive

Amazon Spends $15 Billion to Help Merchants in Charm Offensive

NEW YORK (Capital Markets in Africa) – Amazon.com Inc., criticized for wielding too much power over third-party merchants on its marketplace, said it will spend some $15 billion this year to help them boost sales. The sum, which Amazon hasn’t previously disclosed, includes spending on the portions of the company’s warehouse network dedicated to storing and shipping seller items, and salaries for the engineers, managers and support staff who work on teams geared toward Amazon’s…

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Hedge Fund Outflows of $55.9 Billion Make Dismal 2018 Look Good

Hedge Fund Outflows of $55.9 Billion Make Dismal 2018 Look Good

NEW YORK (Capital Markets in Africa) – Hedge funds have already bled 50% more money this year than in all of 2018, as the industry struggles to win back investors fed up with high fees and poor performance. Investors yanked $8.4 billion in July, bringing net outflows this year to $55.9 billion, according to an eVestment report on Thursday. That’s up from $37.2 billion for all of last year. Investors’ frustration with hedge funds continues to…

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What a Yield-Curve Inversion Really Says About the Economy

What a Yield-Curve Inversion Really Says About the Economy

NEW YORK (Capital Markets in Africa) – A reliable recession indicator has lost some of its power to predict. The chance of a recession in 2020 has Democratic campaign strategists feverish with anticipation—while trying not to show it—and President Trump even more amped up than usual. While Trump says he’s confident of the strength of the U.S. economy, his actions indicate otherwise. He’s demanding that the Federal Reserve cut its key rate target by at least a full…

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UBS Sees Some Relief for Oil Before Demand Woes Return in 2020

UBS Sees Some Relief for Oil Before Demand Woes Return in 2020

NEW YORK (Capital Markets in AfricaA) – Oil prices will rise over the next few months as global inventories shrink, before declining in 2020 as trade-war induced demand woes return to haunt the market, according to UBS AG. The Swiss bank sees Brent crude climbing to $65 a barrel in three months, around 8% higher than current levels, it said in a note by analysts including Giovanni Staunovo. However, the global benchmark will drop to $63 in six…

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