The Editorial Team

South Africa Accuses Johnson-Johnson of Unreasonable Vaccine Demands

JOHANNESBURG (Capital Markets in Africa) — South Africa is facing delays to coronavirus-vaccine supplies because of “unreasonable terms” being demanded by manufacturers including Johnson & Johnson in return for delivering millions of much-needed doses, Health Minister Zweli Mkhize said. The government has been notified by J&J that the company won’t sign off on the order agreed last month until it receives greater assurance of support from the state, Mkhize told lawmakers Wednesday, without being more…

Are traditional investment portfolio allocations still relevant?

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LONDON (Capital Markets in Africa) – There has been much debate around whether there is still a place for traditional portfolios made up of 60% equities and 40% bonds. We believe that asset allocators have already in recent years moved considerably away from the traditional 60/40 portfolio and this trend looks set to continue. Bond allocations There is no doubt that bonds no longer provide the protection they used to. Bond yields are so low…

Deliveroo to Dimon Stoke Fears About London’s Post-Brexit Future

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LONDON (Capital Markets in Africa) – If Deliveroo Holdings Plc’s listing was meant to hang an ‘Open For Business’ sign over the City of London, the opening day crash in the shares jarred somewhat with the message the U.K. had intended to send about post-Brexit Britain. Personally welcomed by Chancellor Rishi Sunak, the food delivery company’s initial public offering should have been a beacon to lure tech firms against competition from New York and Hong Kong, which…

100 Days of Brexit: Was It as Bad as ‘Project Fear’ Warned?

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LONDON (Capital Markets in Africa) — The warnings were stark. A vote to leave the European Union, the British government said, would trigger an immediate recession, a painful fall in house prices, and a steep drop in exports. It’s almost 100 days since Britain completed its split from the EU — almost five years after the referendum vote –- and a clearer picture of the consequences of the decision to leave is starting to emerge. The divorce…

U.K. Economy Rebounds in February as End of Lockdown Nears

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LONDON (Capital Markets in Africa) — The U.K. economy rebounded in February as a mass vaccination program and the prospect of a loosening of coronavirus restrictions lifted consumer confidence. Gross domestic product rose 0.4% following a revised 2.2% decline in January, the Office for National Statistics said Tuesday. All the main sectors of the economy saw output rise. The economy remains 7.8% smaller than it was before the pandemic hit Britain in February 2020. Britain is…

Yellen Plans to Spare China From Currency Manipulator Label

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NEW YORK (Capital Markets in Africa) — Treasury Secretary Janet Yellen will decline to name China as a currency manipulator in her first semiannual foreign-exchange report, according to people familiar with the matter, a move that allows the U.S. to sidestep a fresh clash with Beijing. The report, which is not yet finalized, is due on Thursday, although it is unclear when the department will release it. During the Trump era, the Treasury Department was…

Binance Coin Surge Elevates Token to Ranks of Crypto Titans

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LAGOS (Capital Markets in Africa) — Binance Coin has strengthened its position as one of the world’s largest cryptocurrencies after a 53% rally in the past seven days to the third spot behind Bitcoin and Ether. Issued by the world’s largest crypto exchange, the digital coin commonly known as BNB now has a market capitalization of $87 billion, according to CoinGecko.com. That makes it the third-most valuable cryptocurrency behind Bitcoin at $1.1 trillion and Ether…

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