"Tencent are now officially a five percent shareholder of Tesla, which is cool from our perspective down here in South Africa. Why? As a Naspers shareholder, who owns around 34 percent of Tencent, you now indirectly own a stake in Tesla." To market to market to buy a fat pig A much weaker local … Continue reading Tencent and Tesla Dream Team
"There is very little sensiblity about the "recall" of the finance minister and the deputy finance minister yesterday, most especially from a road trip to sell the country. Surely it could have been done later in the week?" To market to market to buy a fat pig Hmmmm ..... There is very little sensiblity … Continue reading Pravin or Out?
"That could mean almost anything. Minister Gordhan suggested that the charges against him were without merit. They are designed to distract him and the timing is fishy, the medium term budget speech is just around the corner. If someone is using organs of state to remove the holders of the keys of national treasury, I … Continue reading Is Pravin Trouble?
"And the Brazilian currency was in free fall, right? Wrong. Again, a weaker Dollar boosted the local unit. External factors from the gatekeepers of capital determine the flows." To market to market to buy a fat pig Step aside, Fed and co, it was time for the SARB to have their say. Whilst … Continue reading Who moved my currency
"Over the last few weeks, I have seen an increase in the number of people saying that September might not be the date for an increase. What happens if they raise rates and there is an economic hiccup? Dropping rates again will probably do very little to smooth over the hiccup, for this reason and … Continue reading Will they, Won’t they