SA Car Industry as model? Jumia listing zooms; bookies lose on Woods

[Click here for the web version of this email]( [FIRST THING With John Stupart]( Monday, 15 April 2019 “Never laugh at live dragons.” JRR Tolkien Story of the Day [SA’s car manufacturing system could help to get SA’s industrial development on the road]( By Tim Cohen [To great political applause, car company Nissan has said it will spend R3-billion on its plant in Rosslyn outside Pretoria to build the Navara model. Announcements like these regularly punctuate the news; it’s all part of SA’s grand Automotive Production and Development Programme, arguably the crown of SA’s interventionist industrial effort. But if this policy is working so well — and it does seem it is — why is it not being applied to other sectors?]( ON THE MONEY Currencies R/$ = 13.97 -0.06%▼ R/€ = 15.80 -0.17%▼ R/£ = 18.30 -0.21%▼ R/BTC = 72349 1.13%▲ * At 5am or latest close Markets JSE All Share = 58405 0.38%▲ DJIA = 26412.30 1.03%▲ Oil = $71.81 -0.14%▼ Gold = $1287 -0.22%▼ WHILE YOU WERE SLEEPING [Jumia Surges on US Debut as Africa's Amazon Goes Public]( Well, this is a bit of a shocker. Jumia Technologies AG shares soared by 75% on their first day of trading in New York. Investors piled into the company, which is roughly 20% owned by MTN, endorsing its plans to extend online shopping services across Africa. [South Africa's Rand Held Back by Political Uncertainty, IMF Says]( South Africa’s fiscal and monetary policy has been “as good as it gets,” but it is those perrenial "structural issues" that need attention - and getting confidence in the private sector to invest, according to the IMF. [Tiger's Win Costs FanDuel $2-Million as Sports Books Lose Big]( Tiger Woods’s historic Masters title, cheered by fans and celebrities around the world, was probably a big loss for sports bookies around the world. A few who have reported in Nevada and New Jersey say they lost millions. [Monday,1]([5]([April: Five Things You Need to Know to Start Your Day]( Global finance leaders are concerned but also confident of rebound, Asian equity markets set to open higher, and Draghi defends Fed against Trump. Here’s what’s moving markets. [Maverick Insider membership pays for our investigations.]( Those ministers that resigned? That President that resigned? Those commissions into State Capture and SARS? That Tom Moyane who was fired? Those #GuptaLeaks? Maverick Insiders helped fund the investigations that helped make all of that happen. We can’t do our jobs without your support. If you want to see what we can do next, [consider signing up]( and becoming a Maverick Insider. For R150pm you’ll get all the member benefits plus R100 back in UBER vouchers every month until October 2019. In Numbers 56.7-million The number of hits South Korean group BlackPink got for their music video debut with Kill This Love on YouTube in the first 24 hours. It's now the biggest, beating out Ariana Grande's thank u, next. The song also set the YouTube record for fastest music video to hit 100-million views. That took just under three days. Fact of the Day US retailers have announced more store closures so far this year (5,994) than they did in the entirety of 2018 (5,864). Featured Articles [Analysis: What Data Say About China, Global Economy]( BY Mohamed A. El-Erian [The Future of Economic Growth]( By Jim O'Neill [The promise-rich, but policy-light campaign for the hearts and minds of voters]( [The promise-rich, but policy-light campaign for the hearts and minds of voters]( By Marianne Merten Opinionistas [From the Inside: We are but four signatures away from a permanent solution to the energy crisis]( A column by Helen Zille [SA cements its irrelevance on the global stage with Israel downgrade]( A column by Mzoxolo Mpolase [Vigilantism is not the solution to rampant corruption]( A column by Paul Hoffman Weather BFN: min: 8° max: 22°, cloudy CPT: min: 12° max: 19°, cloudy DBN: min: 17° max: 23°, rainy EL: min: 15° max: 23°, cloudy JHB: min: 12° max: 22°, rainy MHK: min: 13° max: 25°, rainy NLP: min: 16° max: 32°, cloudy PE: min: 14° max: 20°, rainy PMB:min: 14° max: 21°, rainy [FORWARD THIS EMAIL TO A FRIEND]( [Fb] [Tweet] [Link] [Yt] Copyright © 2019 Daily Maverick, All rights reserved. You are receiving this mail because you are awesome and on the Daily Maverick First Thing subscriber list. Interested in advertising with us? [Click here to sign the pact.](mailto:advertising@dailymaverick.co.za?subject=Advertising%20query%3A%20First%20Thing%20Mailers) [Getting too many emails from us? Manage your preferences]( [Unsubscribe](