Mark Mobius |

Mugabe’s New Round of Money Printing Traps Mobius in Zimbabwe

HARARE (Capital Markets in Africa) – Robert Mugabe’s latest economic experiment is making Zimbabwe’s stocks the world’s best performers for all the wrong reasons. And there’s little foreign investors like Franklin Templeton, JPMorgan Chase & Co. and Allan Gray can do to escape: it’s practically impossible for them to pull out their money. Economic chaos has been a regular feature of investing under Mugabe’s 37-year reign because he frequently blindsides markets with policies that have devastating…

Mobius Foresees Cryptocurrency Crackdown Sparking a Rush to Gold

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Mark Mobius is sensing danger in the explosive growth of cryptocurrencies. Governments will begin clamping down on digital currencies because of their use in illicit financing, with terrorist groups to drug dealers contributing to their rise, Mobius, executive chairman at Templeton Emerging Markets Group, said in an interview in Hong Kong Monday. “Cryptocurrencies are beginning to get out of control and it’s going to attract the attention of governments around…

Mobius Draws Contrast Between Iron Ore’s Wild Ride, Fundamentals

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Iron ore consumption in China will probably be sustained as Asia’s top economy builds out infrastructure, according to Mark Mobius, who highlighted what he sees as a difference between the industry’s relatively stable supply-demand fundamentals and large swings in prices. “We’ve got to separate those two things,” the executive chairman of Templeton Emerging Markets Group said in an interview in Singapore, without giving a price forecast. “Supply-demand is one thing, price…

Mobius Sees Way to Dodge Zuma Risks in South African Stock Picks

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African companies that have diversified beyond the country’s borders are the best bet for investors, because their fortunes are less tightly entangled with the political risks posed by the presidency of Jacob Zuma, said Mark Mobius, the executive chairman of Templeton Emerging Market Group. Decisions taken by Zuma have moved markets, most recently in March, when he fired Finance Minister Pravin Gordhan. The rand weakened and S&P Global Ratings and…

Pessimism creates the best optimism in the long run — Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Posted on by The Editorial Team

Emerging market guru, Dr. Mark Mobius, Executive Chairman, Templeton Emerging Markets Group, Franklin Templeton Investments, has been investing in global emerging markets for more than 40 years. He joined Templeton in 1987 and currently directs the Templeton research team, which is based in 18 global emerging markets offices, and manages emerging markets portfolios including Africa. Mark Mobius shares his views on the prospects and challenges in 2016 with Capital Markets in Africa. Retrospectively, in your…