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Has South Africa Truly Defeated Apartheid? U.S.A., 2020 – 63% U.K., 2019 – 62% 60% 49% 40% 20% 1994 2004 2014 2019 Sources: Collette Schulz-Herzenberg, "The South African non-voter: An analysis"; Konrad Adenaur Stiftung, 2020 (South Africa); Pew Research (United States and U.K.)On a continent where coups, autocrats and flawed elections have become common, South Africa is a widely admired exception. −4% −6% Sources: Harvard Growth Lab analysis of World Economic Outlook (South Africa and sub-Saharan Africa) and World Development Indicators (upper-middle-income countries). 50% unemployment rate 40% Black unemployment rate 30% The unemployment gap between Black and white South Africans remains wide. In 2022, about 6 percent of South Africans aged 18 to 29 were enrolled in higher education, according to Statistics South Africa.

Persons: Nelson Mandela, they’ve, Collette Schulz, Konrad Adenaur Stiftung, —, Walter Sisulu, Joao Silva, New York Times Jack Martins, ”, Mandela’s, Wandile Sihlobo, Johann Kirsten, Sihlobo, Kirsten, haven’t, Zinhle Nene, Peter Mokoena, “, Mokoena, Nokuthula Mabe, Mabe, Jacob Zuma, Chrispin Phiri, Cyril Ramaphosa, Israel, Sibusiso Zikode, Zikode, Mr Organizations: African National Congress, Pew Research, Human Sciences Research, World Bank, Black South, Charter, New York Times, University of Cape Town’s Liberty Institute of Strategic Marketing, Johannesburg Stock Exchange, Economic Empowerment, South, Harvard, Economic, Government, Black, Mr, Stellenbosch University . White, Statistics, Security, JOHANNESBURG Jobs, JOHANNESBURG Sandton Downtown, West University, Education, Statistics South, General Household Survey, of, Stellenbosch University, Ministry of Justice and Correctional Services, Institute for Security Studies, International Court of Justice Locations: Africa, South Africa, Black, States, Soweto, Kliptown, Johannesburg, South, Saharan Africa, Carletonville, JOHANNESBURG, Downtown Soweto, JOHANNESBURG Sandton, JOHANNESBURG Sandton Downtown Soweto, North, Mahikeng, Botswana, Statistics South Africa, Brazil, Mexico, Philippines, African, Germany, Russia, India, China, Ethiopia, Burundi, Zimbabwe, Ukraine, New York Times South Africa, Gaza, Durban, South Africa’s

☆ As oil prices rise, these global stocks are set to outperform: Bank of America
▼ + stars: | 2023-10-17 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

The ongoing conflict between Israel and Hamas has seen oil prices jump as investors consider the risk of wider geopolitical issues across the Middle East. These rising prices will benefit a number of stocks, according to Paulina Strzelinska, quant strategist at Bank of America. Outperformers when natural gas prices rise In a separate screen, Bank of America revealed its list of companies that tend to outperform when natural gas prices rise. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while Rio Tinto is listed on the London Stock Exchange and Australian Securities Exchange. Meanwhile Anglo American has a dual listing on the London Stock Exchange and Johannesburg Stock Exchange.

Persons: Paulina Strzelinska, Brent, Duncan Wanbald, — CNBC's Michael Bloom, Sam Meredith Organizations: Hamas, Bank of America, Bank, Boliden, Royce, Aegon, Galp Energia, Wolters Kluwer, London Stock Exchange, Oslo Stock Exchange, Nasdaq, Rio Tinto, Australian Securities Exchange, Johannesburg Stock Exchange, Reuters Locations: Israel, Europe, Antofagasta, Spanish, Portuguese, Dutch, Rio Tinto, Rio, American, Johannesburg

☆ Tencent investors Naspers and Prosus announce abrupt departure of CEO Bob van Dijk
▼ + stars: | 2023-09-18 | by ( Arabile Gumede | ) www.cnbc.com time to read: +2 min

Bob van Dijk Bloomberg | Bloomberg | Getty ImagesThe immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years for a firm seen riding on the coattails of its holdings in Chinese tech giant, Tencent . The South African Reserve Bank gave Naspers the greenlight to begin buying back more of its shares from Prosus. 'Getting rid' of the cross holdingPrior to the current structure, Naspers (headquartered in South Africa) owned a third of Chinese internet giant Tencent Holdings. Van Dijk oversaw the decision to split off its holding of Tencent and other tech holdings into Prosus in 2019. But that crossholding offered little value to investors with van Dijk telling Reuters at the time: "They [shareholders] said we don't like this cross holding, it creates complexity.

Persons: Bob van Dijk, Naspers, Koos, Van Dijk, Prosus, crossholding, van Dijk, We've, we're, Erwin Tu, Tu, Goldman Sachs Organizations: Bob van Dijk Bloomberg, Bloomberg, Getty, South, Naspers, South African Reserve Bank, Tencent Holdings, Johannesburg Stock Exchange, Euronext, Reuters, Citi, SoftBank Group Locations: Dutch, Prosus, South Africa, Johannesburg, Naspers

☆ Naspers & Prosus CEO steps down, M&A chief Ervin Tu is successor
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Bob van Dijk, CEO of e-commerce group Naspers, poses for a photograph in front of the company logo after holding a media briefing in Johannesburg, South Africa, October 9, 2019. The companies named investment chief Ervin Tu, a previous VisionBank manager and Goldman Sachs technology banker, as interim CEO. However it coincides with the unwinding Monday of a cross-structure between Prosus and Naspers. Van Dijk oversaw Prosus's 2019 IPO and the company's stock boomed during the COVID-19 pandemic. However he struggled to close a valuation gap between Prosus, Naspers and the value of their biggest asset: Chinese software giant Tencent(0700.HK) .

Persons: Bob van Dijk, Siphiwe, Ervin Tu, Goldman Sachs, Naspers, Van Dijk's, van Dijk, Van Dijk, Prosus, Tannur Anders, Toby Sterling, Radhika Anilkumar, Sherry Jacob, Phillips, Stephen Coates, Michael Perry, Louise Heavens Organizations: REUTERS, Rights, Prosus NV, Johannesburg Stock Exchange, HK, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Prosus, Tencent, Russia, Ukraine, Amsterdam, Bengaluru

☆ South African rand firms after consumer confidence, current account data
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration Acquire Licensing RightsJOHANNESBURG, Sept 7 (Reuters) - The rand recovered some losses on Thursday after a consumer confidence index improved, although new data also showed that South Africa's current account deficit had widened. "Today's consumer confidence and current account figures beat estimates providing some encouragement in what has been a tough year for South Africa with the rand attempting to claw back some lost gains," said DailyFX analyst Warren Venketas. Central bank data earlier on Thursday showed South Africa's net foreign reserves fell to $55.444 billion by the end of August from $55.626 billion in July. South Africa's benchmark 2030 government bond was stronger, with the yield down 2.5 basis points to 10.385%.

Persons: Mike Hutchings, Warren Venketas, Tannur Anders, Nellie Peyton, Bhargav Organizations: REUTERS, Rights, Johannesburg Stock Exchange, Thomson Locations: Rights JOHANNESBURG, Africa, Johannesburg

☆ South African rand pares losses after Powell speech
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

South African Rand coins are seen in this illustration picture taken October 30, 2020. At 1528 GMT, the rand traded at 18.6550 against the dollar , about 0.9% stronger than its previous close, after gaining as much as 1% earlier in the day. The rand has had a turbulent week, contributing to its over 4% losses month-to-date. The risk-sensitive rand often takes cues from global factors like U.S. monetary policy in the absence of domestic economic data cues. South Africa's benchmark 2030 government bond was weaker, with the yield up 1 basis points at 10.210%.

Persons: Mike Hutchings, Jerome Powell, Danny Greeff, Jackson, Greeff, Tannur Anders, Sonia Cheema, Devika Syamnath, Jonathan Oatis Organizations: REUTERS, Rights, U.S . Federal Reserve, Treasury, Analytics, Johannesburg Stock Exchange, Thomson Locations: Rights JOHANNESBURG, United States, Johannesburg

☆ South African rand lifted by falling U.S. yields as BRICS summit kicks off
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration Acquire Licensing RightsJOHANNESBURG, Aug 22 (Reuters) - The South African rand gained on Tuesday as risk appetite returned to global markets due to falling U.S. Treasury yields, as the first day of the BRICS summit of emerging economies kicked off in Johannesburg. At 1605 GMT, the rand traded at 18.7900 against the dollar , about 0.9% stronger than its previous close. South Africa is hosting the leaders of Brazil, India and China for the Tuesday-to-Thursday summit, while Russian President Vladimir Putin will join virtually. The BRICS summit "is unlikely to provide the market with significant or sustainable momentum until the bloc adopts implementable policies," Greeff said.

Persons: Mike Hutchings, Danny Greeff, Vladimir Putin, Putin, Greeff, Tannur Anders, Bhargav Acharya, Mark Potter, Jonathan Oatis Organizations: REUTERS, Rights, Treasury, Analytics, Johannesburg Stock Exchange, Thomson Locations: Rights JOHANNESBURG, Johannesburg, U.S, Africa, Brazil, India, China, South Africa, Ukraine

JOHANNESBURG, June 12 (Reuters) - The South African rand extended gains on Monday, building from the previous week, as investor sentiment towards Africa's most industrialised economy improved. At 1517 GMT, the rand traded at 18.5600 to the dollar, about 0.87% stronger than its closing level on Friday. South Africa's President Cyril Ramaphosa is expected this week to travel to Russia and Ukraine for an Africa-led peace mission in an attempt to end the ongoing war. South Africa's sovereign dollar-denominated bonds also continued their June rally, with the 2044 maturity up and rising 1.153 cents at 1526 GMT to 73.017 cents in the dollar, according to Tradeweb data. South Africa's benchmark 2030 government bond was stronger, with the yield down 5.5 basis points to 10.765%.

Persons: Vladimir Putin's, Kieran Siney, Cyril Ramaphosa, Casparus Treurnicht, Razia Khan, Nellie Peyton, Tannur Anders, Rachel Savage, Bhargav, Alexander Winning, Toby Chopra Organizations: Analytics, Gryphon Asset Management, Standard Chartered, Johannesburg Stock Exchange, U.S . Federal Reserve, European Central Bank, Bank of Japan, Thomson Locations: JOHANNESBURG, Johannesburg, South Africa, Russia, Ukraine, Africa

☆ South African rand hits new low amid dollar strength, poor outlook
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, May 30 (Reuters) - The South African rand hit a record low on Tuesday on the back of a strengthening dollar and souring local investor sentiment that has seen massive capital outflows from the country. At 1518 GMT, the rand traded at 19.690 against the dollar , about 0.09% weaker than its previous close. Greg Davies, head of wealth at asset manager Cratos Capital, said South Africa was now a less desirable investment destination for international investors due to the local power crisis. "We've had poor results coming from Tiger Brands and Pepkor; two companies closely followed by foreigners," said Casparus Treurnicht, analyst and portfolio manager at Gryphon Asset Management. Tiger Brands shares crashed by more than 16%, while major retailer Pepkor (PPHJ.J) lost over a tenth of its market value.

Persons: Warren Venketas, Greg Davies, We've, Casparus Treurnicht, Alexander Winning, Tannur Anders, Rachel Savage, Sonia Cheema, Alison Williams Organizations: greenback, Cratos, Johannesburg Stock Exchange, Tiger Brands, Gryphon Asset Management, Thomson Locations: JOHANNESBURG, South Africa, Johannesburg

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