US, EU companies say ANC legislation a cause for concern

European and US businesses with operations based in South Africa said legislation coming from the ANC was a cause for concern.

The compulsory black ownership element in the new broad-based black economic empowerment codes were weighing on US companies in … Read the rest

Central Banks are buying stocks

The FT reports that “a cluster of central banking investors has become major players on world equity markets.”

The report, to be published this week by the Official Monetary and Financial Institutions Forum (OMFIF), confirms $29.1tn in market investments, held … Read the rest

Greenpeace employee loses millions in failed currency gamble

The know-it-alls, don’t know much about handling their own money.

Greenpeace has fired an employee who lost the environmental charity $5.47 million in a failed gamble on international currency markets, reports ABC Australia.

Greenpeace communications director Mike Townsley said the … Read the rest