Finweek Quiz #82


A lot has happened these past few days. Take our quiz and find out if you’re up to speed with current affairs.

NEWS: Clash of the titans: Eskom vs Glencore

Brian Molefe. CEO of Eskom. Photo: James Oatway.

It’s questionable whether Eskom will have any success extracting R2bn in penalties from Glencore over a claim for non-performance of their coal supply to the parastatal. Finweek contributor David Mckay delves deeper into the complex battle.

OPINION: Oil at $40/barrel? 
You wouldn’t really say


Ever wondered how things are fairing in Nigeria since the drawn-out battle the country has been experiencing with low oil prices? There seems to be a mixed bag of reactions on how both the Nigerian state and its citizens experience the current state of the country’s economy.

INSIGHT: Is SA’s steel industry a lost cause?

Worker in front of the electric arc furnace in steel mill.

With the local steel industry hanging by a thread, and failing to make profits, analysts say it might be on its way to becoming irrelevant to the economy. Finweek contributor Ciaran Ryan writes about how some are calling for import duties on steel, while others say any move to turn things around might only offer a temporary solution.

COVER: 10 Ways to spring-clean your finances

This article originally appeared in the 3 September 2015 edition of Finweek. Click on the image above to download.

It’s that time of the year when your spending is about to increase. Holidays, gifts and a new year – which brings increases in your big ticket items – are a couple of months away. Finweek contributor Marcia Klein, ensures you are prepared and enter the holiday season and new year with a spring in your step.

OPINION: Putting ‘Africa rising’ under the microscope


Are executives overestimating the growth potential of the middle class in Africa? Our correspondent from Nigeria finds out that the real money in Africa lies in technology and innovation enterprises.

INVEST DIY: Diversifying your portfolio


Simon Brown looks at the returns of the main local indices since the end of the financial crisis and finds that investors will do best in diversifying long-term portfolios.

NEWS: Edcon has tough issues to iron out


Just 10 years ago, the Edcon group was making R1.3bn in net profits. But for the year to March, net loss came in at R2bn on the back of R29.4bn in revenues. The only piece of good news, strictly for eternal optimists, is that net loss has narrowed from last year’s R2.4bn. Finweek contributor Shoks Mzolo finds out where the group went wrong?

COVER: Is property still a safe haven?

This article originally appeared in the 27 August 2015 edition of Finweek. Click on the image above to download.

Many investors think property is as safe as houses. But the truth is this sector, like any other, is not immune to economic setbacks and market movements. Finweek contributor Liesl Peyper takes a look at what is in store for the South African property market over the coming months.

PRO PICK: Vodacom- The future is red


So far telecommunications and data company, Vodacom has had a steady earnings outlook and should achieve reasonable growth in the coming years, says Rhynhardt Roodt, portfolio manager at Investec Equity Fund.