Asian stocks achieved their highest levels in 27 months due to softer U.S. economic data, which raised the likelihood of a rate cut in September. This development boosted bonds and commodities while weakening the dollar.
Oil prices declined in Asia amid investor caution regarding expectations of lower demand, as U.S. employment and business data came in weaker than anticipated—indicating a potential cooling in the world’s top oil-consuming economy.
Renai Moothilal, CEO of the National Association of Automotive Component and Allied Manufacturers (NAACAM), emphasizes the significance of policy continuity within South Africa’s automotive industrial policy framework. The government aims to reach 60% localization rate by 2035 while transitioning towards electric vehicles.
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Eskom Chairman Mteto Nyati discusses strategies to improve Eskom’s financial health, including securing 250 billion rand from the National Treasury and reducing reliance on diesel. The long-term vision involves unbundling the utility into three distinct entities and promoting renewable energy.
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Wandile Sihlobo, Chief Economist of the Agricultural Business Chamber of South Africa, discusses the new multi-party leadership in South Africa’s agriculture and land reform ministries. Highlights include land reform, financial support for farmers, and projected sector growth.
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Shiv Arora, CEO of Superior Homes Kenya, explains the drivers behind the adoption of sustainable building practices in East African real estate. Challenges and strategies for broader implementation of green housing solutions are discussed.
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Victor Otieno, Managing Director of Viffa Consult, discusses opportunities and challenges for Kenyan MSMEs under the new Economic Partnership Agreement with the EU, aiming to enhance trade and investment flows sustainably.
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Pamela Akidi from Stanbic Bank Uganda analyzes economic factors affecting East Africa such as inflation, exchange rates, and market performance, with a focus on Kenya and Uganda.
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Chika Mordi from United Capital Group discusses the challenges and opportunities for Nigeria’s manufacturing sector following the exit of multinational companies, emphasizing localization and cost optimization.
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Morounke Olufemi and Roosevelt Ogbonna discuss Access Holdings’ rights issue, part of their 2023-2027 strategic plan, aiming to meet regulatory requirements and deliver value to shareholders.
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Ibukun Omoyeni from Vetiva Research provides insights into the potential moderation of inflation in Nigeria and Ghana during H2 2024, highlighting the undervaluation of the naira and the role of external funding.
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