IQ4NEWS focus for the month of May is Investment in Africa
IQ4News met with Hilda Telka, a respected female South African venture capitalist, who spoke about the challenges of investment in post apartheid South Africa, the need for mentorship for young business leaders, and, the need for innovators to attract investors.
Submitted by Chinedu Ozordi on Thu, 27/09/2012 - 11:03am
A new exciting article by IQ4News
For a while, I have laboured through news reports and analyses on the federal government’s recall of Arunma Oteh, the Director General (DG) of the Securities and Exchange Commission (SEC) from leave and subsequent reinstatement and I get disappointed that the whole shenanigans that resulted in the near-collapse of the country’s capital market has just been reduced to one woman and one woman alone, Arunma Oteh.
Submitted by modoubeyai on Mon, 23/07/2012 - 6:13pm
Gambia international goaltender Pa Dembo Touray might leave his relegated South African Premier League side Engen Santos, IQ4News can reveal.
Pa Dembo, 32, signed a two-year contract with the club in February, a deal that will see him stay at the club until 2014 but according to the Gambian’s advisor, he might leave the club before then if there are concrete offers from interested clubs.
South Africa risks losing much of its manufacturing base and tens of thousands of jobs as the global recession and a resurgent rand undermine companies already suffering skills shortages and high labor costs according to Bloomberg news.
A government report due by the 10th of September will show that manufacturing has decreased by 16.4% from about year ago. South Africa’s trade minister officially stated on June 30th that the country is in danger of deindustrialization.
The main reason (hard as it may be) for South Africa’s shrinking industry is an inflexible labor market due to powerful trade unions. The recession and a stronger rand are secondary.
Finance Minister Gordhan announces a smaller budget deficit; ignores union demands
South Africa’s rand rallied to its strongest in almost two weeks after Finance Minister Pravin Gordhan announced a smaller-than-expected budget deficit and ignored union demands to scrap inflation targeting.
According to Bloomberg news, the currency of Africa’s biggest economy appreciated as much as 1.4 percent to 7.5678 per dollar, its best intraday level since Feb. 4. It traded 1.1 percent stronger at 7.5865 by 5:33 p.m. in Johannesburg, from a close of 7.6712 on the 16th of February.
Submitted by Yemisi Akinbobola on Mon, 01/11/2010 - 4:55pm
Representation of Nigeria
There has been so much hype about the representation of Nigeria in the movie District 9, since its release. Having not watched the movie myself, I decided to Google for more information. The first link I opened was by the BBC. The article described the outrage of the government at the movie. It quoted Information Minister Dora Akunyili as saying:
Trade unions in South Africa are very influential and part of policy making. They are part of the African National Congress, ANC, the ruling party of South Africa. There is perhaps, no other country in Africa where trade unions wield so much influence.