Forex

 

WHITE MONOPOLY CAPITAL NOT THE ENEMY – TREVOR MANUEL QUESTIONS ZUMA’S CAPITAL REMARKS

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Former Minister Trevor Manuel has questioned the logic behind President Jacob Zuma’s views on white monopoly capital. Former Minister Trevor Manuel has questioned the logic behind President Jacob Zuma’s views on white monopoly capital. During a community engagement earlier this week, Zuma emphasised that white monopoly capital is a reality in South Africa. Manuel has..
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Sipho Pityana: ‘Zuma Must Go! South Africa Is Not The Guptas’ Personal ATM’

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“Everything is captured.” More magic available at jerm.co.za. Save South Africa has been one of many civil society bodies at the forefront of fighting state capture and the Zuptas. At a gathering in Johannesburg’s Rhema Church on Tuesday, convenor Sipho Pityana, delivered another scathing attack on Zuma, calling on him to step down. With a multitude of civil society bodies..
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Weekly Market Recap Jul 16, 2017

Market bulls continue to make anyone even moderately cautious (hand raised) look a fool. A technical breakout mid week on the indexes took the market out of a sleepy range that was looking a bit dangerous. Monday and Tuesday were the normal sleepiness we’ve come to expect from this slow and steady grind up of..
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Jacob Zuma wages war on South Africa’s institutions

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The South African president wants to take over the country’s money printing presses… “An assault on the central bank is the latest stage in a descent into crony capitalism Jacob Zuma has tightened his grip on the finance ministry, the state prosecutor, the public protector and the tax authorities. All of them, to one degree..
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Pension funds in ANC crosshairs source of funding for state development

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The ANC has again set its sights on pensioners’ retirement money as a potential source of funding for state development. At the close of its policy conference this week the party said it would investigate the use of prescribed assets, one of the proposals to come out of its economic transformation deliberations. The proposal was..
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Weekly Market Recap Jul 09, 2017

Some more volatility hit late this past week but any pullback of note (Thursday) still has bulls rushing in (Friday). Modest moves Monday and Wednesday sandwiched the holiday on Tuesday. The “rotation out of tech” continued most of this week: “The rotation out of tech is dominating stocks and is the overarching theme in the..
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Moses Kgosana, Unrepentant Gupta Tax Dodge ‘Lapdog’ Shoots The Messenger As He Feels The Heat – WATCH!

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EDINBURGH — Expect to hear a lot more about Moses Kgosana, the KPMG heavyweight linked to the Gupta tax dodge that facilitated a flow of R30m from taxpayers to cover an extravagant family wedding at Sun City. That wedding is the event that raised alarm bells that the Gupta family exerted extraordinary influence at the highest levels of government..
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Black-owned And Led Institutions Have A Legacy of Corruption – EFF

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The Economic Freedom Fighters (EFF) says black-owned and led institutions in South Africa are known for their legacy of nepotism, corruption and kleptocracy. EFF made the assertion while it was celebrating the VSB Mutual Bank decision to shut the Gupta’s business accounts. Earlier this month, it emerged that the VSB Mutual Bank closed the accounts..
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Dysfunctional ANC Municipalities Yet Protests Target Efficient DA-Run Metros

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Cynical, selective geo-political protests around pit toilets and service delivery have targeted the DA which, wherever it rules afresh or more recently, comes under ANC-inspired attack. This is in spite, or perhaps because of, the newly-muscled party, now ruling the most important metros in the country, having uncovering breath-taking corruption and dysfunction wherever it took over. Not only that, says..
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Weekly Market Recap Jul 02, 2017

Some volatility was reintroduced to the market this past week as <0.80% moves on the S&P 500 (and even larger moves on the NASDAQ) happened Tue, Wed, and Thu. This is certainly a welcome change from a trading (and writing perspective) from the relatively monotone move upward almost all of 2017! Losses Tuesday accelerated after..
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