It’s a dark day for the folks over at Investec, one of their employees standing accused of some heinous crimes. Oh, and they’re sharing porn at work now.
First Strut’s liquidation puts Sanlam and Investec’s money managers at risk. The company that supplied the mining, power and transport industries has been placed under liquidation.
Moody’s announced today that, following the revision of the country’s foreign currency desposit ceiling, it had downgraded South Africa’s five biggest banks. This comes only days after the ratings agency downgraded SA’s government bond rating.
Investec has joined forces with the European Investment Bank to establish a funding facility that will promote energy efficiency and the generating of clean energy in South Africa. The venture will be rolled out to support various kinds of renewable energy projects across the country.
If you missed today’s Financial Report on 2oceansvibe Radio, you’re in luck! Our in-house financial guru, Lindsay Williams discussed the V&A Waterfront sale with Angelique de Rauville, Investec Asset Management’s Property Portfolio Manager – LIVE from London. Lindsay has the very rare ability to talk finance in layman’s terms. Never before has financial chatter made so […]
Prodigy Wins The Cape To Rio – Heineken Cape to Rio update. Prodigy found the wind on Saturday, but lost it on Sunday and finally crossed the finish line on Monday morning to take line honors. Skippered by Chris Frost, the 54ft yacht arrived about 8am, completing the race in just under 16 days and […]
There’s a restaurant in Pringle Bay, just an hour from Cape Town, called Hook, Line, and Sinker. When you walk in to this effortlessly cool establishment you are guided to a table hewn from American Poplar that is scrubbed daily with Sunlight liquid and once a week rubbed lovingly with Cobra wax.
The central bank of the United States of America, the Federal Reserve, in response to the recent Great Recession has acted swiftly, decisively and boldly. Its answer to a catastrophe that was caused by irresponsible lending by greedy banks to Ninjas (no income, no job or assets) has been to cut interest rates to the bone and flood the economy with cheap money in the hope it’ll be used to kick start the economy.
So in other words, as I see it, in order to fix a problem caused by cheap money they’ve made money even cheaper. I often do the same thing after a big night in (I don’t go out anymore) and the inevitable skull bursting hangover.
The finance minister Pravin Gordhan is not someone you’d want to take to the U2 concert. He might allow a brief period of foot tapping during one of their 80’s classics, but mostly he’d be working out how much the tour had swelled the country’s coffers and observe the discretionary spending habits of the assembled revellers.
That’s why he’s the head bean counter, and long may that last.
A long time ago, in a galaxy far, far away, I sat in a mid-priced family car outside a pub. Having read the AA Guide to Southern England, and finished my bag of crisps and bottle of Coke, I waited patiently for my parents..
The End Of The Line is this year’s most vaunted environmental documentary. Brought to South Africa by Investec, the internationally-acclaimed film is a stark and uncompromising look at our systematic pillaging of our oceans, the effects of which will hit us harder and sooner than we anticipated. 2oceansvibe Radio will be chatting to the film’s producer and author of the book by the same name, Charles Clover, as well as giving away ten tickets to the film. Details after the jump.