SPONSORED | Sygnia highlights four strategic investment opportunities amid economic turmoil.
28 March 2023 - 08:34Light at the end of the tunnel: Sygnia highlights four reasons why you should still invest in SA. Picture: SUPPLIED/SYGNIA
About the author: Kyle Hulett is head of investments for Sygnia Asset Management. Picture: SUPPLIED/SYGNIA And, finally, SA has been hit with a Financial Action Task Force greylisting, a label the international watchdog slaps on countries that are not doing enough to prevent global money laundering and terrorist financing activities.
The Western Cape’s heavy investment in renewable energy will reduce demand on Eskom, while the private sector is poised to bring extra relief in the form of additional energy supply. Investec estimates that SA’s mining sector has a pipeline of embedded generation projects of 10GW — nearly double the amount of power being load-shed. And that excludes all the industrial companies and residential properties investing in solar.
The rand has strengthened as a result of our banking system’s strength against the backdrop of bank collapses in the US This is largely due to local companies investing offshore, particularly the mega-cap stocks such as Naspers, Richemont, Anglo American, British American Tobacco, AB InBev, BHP Billiton and Glencore. In addition, many South African-domiciled companies, such as Aspen and MTN, have strong offshore earnings.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Devlin Brown at the watercooler: Why you want the dead lift in your lifeSome wait until their late 50s when their specialists bemoan a shortage of lean muscle before starting resistance training
Read more »
Why are governments cracking down on TikTok? | BusinessCountries have increased scrutiny over the use of TikTok citing national security concerns. | News24_Business
Read more »
Here's why Gwen Ngwenya is leaving the DA for a second timeThe DA's head of policy Gwen Ngwenya has resigned from the party for a second time.
Read more »
TCS+ | Why a 'shift left' approach to software development matters - TechCentralPromoted | In this episode of TCS+, 9th BIT Consulting's Barry de Waal and CYBER1 Solutions' Hilbert Long unpack a key trend in software development: “shift left”.
Read more »