Africa Free Trade Area at risk; Bosasa boss "messiah complex"; Old Mutual battle latest

[Spread Business Maverick and share the knowledge.]( [Web version here.]( [Business Maverick with Tim Cohen] Monday, 9 September 2019 “Time is a slippery thing: lose hold of it once, and its string might sail out of your hands forever.” Anthony Doerr Story of the Day [SA vs Nigeria: Free trade agreement at risk]( [By Sasha Planting]( While the World Economic Forum discussed the African Free Trade Agreement in its little bubble, the anger among Africans about South Africa’s xenophobia and the government’s refusal to address it is palpable. It has the potential to derail the only bright spot on our economic horizon. [Adspace] MOVING MONEY? Want FREE assistance with your Tax Clearance Certificate? Bank-beating rates. ZERO fees. It's WHAT WE DO...[CLICK HERE]( ON THE MARKETS Exchange Rates R/$ = 14.80 -0.02% R/£ = 18.18 -0.11% R/€ = 16.32 -0.05% R/BTC = 154,653.96 -0.84% At -+5am or latest: % open to close Trading the Markets JSE All Share = 55,591.00 +0.21% Dow Jones = 26,728.15 +1.41% Brent Crude ($/bbl) = 61.62 +1.4% Gold ($/oz) = 1,507.00 -0.79% While You Were Sleeping [China’s Stimulus Debate Is Still Alive After Grim Trade Data]( The contraction in China’s trade in August underscored what economists were already saying about the government’s stimulus efforts: they’re not yet enough to put a floor under the slowing economy. [World's Worst Bad-Loan Mess Set to Worsen on India's Cash Crunch]( A prolonged shadow-banking crisis and hurdles in bankruptcy rules are set to keep India atop the world’s worst bad-debt pile, even as Italy, which held the title previously, quickens the clean-up of its lenders. [German Growth Will Fall to Zero If No-Deal Brexit Happens: BDI]( The Federation of German Industries (BDI) expects Germany’s economy to grow by 0.5% this year, half a percentage point lower than the industry group’s forecast in June. [Monday, September 9: Five Things You Need to Know to Start Your Day]( Hong Kong’s violence continues despite concession, China’s exports tumble as tariffs bite, and Asian markets are set for a muted open Monday. Here’s what’s moving markets. In Numbers 1.1-million Call it a grand irony. Since January 2017 when President Donald Trump took office, women’s labour participation rate in the US economy has jumped from 74.5% to last month's 76.3%... the equivalent of over 1.1 million people. Fact of the Day WeWork's parent company is considering slashing its valuation roughly in half to around $20-billion amid IPO scepticism. [Adspace] MERCURY FX - Moving money OVERSEAS? Access your own, FREE international currency accounts...[CLICK HERE]( [Adspace]( Featured Articles [Business Maverick: Blunders Episode 155: with Paul Theron]( [Business Maverick: Blunders Episode 155: with Paul Theron]( By Paul Theron [Bosasa boss had a ‘Messiah complex’ and claimed he was ‘sent by God’ to guide his staff]( [Bosasa boss had a ‘Messiah complex’ and claimed he was ‘sent by God’ to guide his staff]( By Jacques Pauw [A lopsided dance at the World Economic Forum]( [A lopsided dance at the World Economic Forum]( By Peter Attard Montalto [Sibanye-Stillwater defeats mining communities challenging R5.4bn Lonmin merger]( [Sibanye-Stillwater defeats mining communities challenging R5.4bn Lonmin merger]( By Ray Mahlaka [New dispute on whether Peter Moyo can return to Old Mutual after his latest court victory]( [New dispute on whether Peter Moyo can return to Old Mutual after his latest court victory]( By Ray Mahlaka Opinionistas [Race and the race to stabilise Eskom]( A column by Sikonathi Mantshantsha [If the DA is so committed to human rights, why does it inhibit free speech in the Western Cape?]( A column by Muhammad Khalid Sayed [Don’t throw the baby out with the bathwater – social cohesion can be a powerful force for good]( A column by Shelagh Gastrow [Adspace]( MERCURY FX - Does your business make INTERNATIONAL payments? Bank beating rates ZERO fees...CLICK HERE [FORWARD THIS EMAIL TO A FRIEND]( [Fb]( [Tweet]( [Yt] Our Friday newsletter failed emerge, humble appologies. A server migration caused, inevitably, some hic-ups. It will never happen again. (That's obviously not true but we live in hope). Copyright © 2019 Daily Maverick, All rights reserved. You are receiving this mail because you are awesome and on the Business Maverick subscriber list. Interested in advertising with us? [Click here to sign the pact.]( [Getting too many emails from us? Manage your preferences]( [Unsubscribe](