Corporate reputations are shredded because of ‘state capture’ by private interests David Pilling Bell Pottinger. SAP. KPMG. McKinsey. Each has become sucked into the reputational whirlpool otherwise known as Jacob Zuma’s South Africa. Each has been spat out in varying degrees of dishevelment. Bell Pottinger, the UK public relations company, went into administration after running…
Details
From BUSINESS 05 September 2017 Total’s power play in east Africa By LUKE ANTHONY PATEY Four years ago, in a villa on a bumpy, rust-colored road in South Sudan’s capital Juba, a manager of the French oil major Total SA (ADR; NYSE: TOT) rolled out a map of east Africa and shared a vision for the region’s oil future. At…
Details
A New Generation of Giant Chinese Oil Firms Set to Displace the Stars That Made China Premier Oil Buyer by Bloomberg | Alfred Cang & Serene Cheong | Monday, October 02, 2017 A new generation of firms building some of the globe’s biggest plants are threatening to eclipse China’s independent refiners. (Bloomberg) — China’s…
Details
Libya’s giant Sharara oilfield closed as gunmen press demands Reuters OCTOBER 2, 2017 TRIPOLI (Reuters) – An armed group forced Libya’s giant Sharara oilfield to close late on Sunday, shutting off production of more than 230,000 barrels per day (bpd), the head of the state oil company said. Libya’s National Oil Corporation (NOC) declared…
Details
The Global Competitiveness Report 2017–2018 2ND OCTOBER 2017 Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity, according…
Details
By creating a domestic oil contract denominated in Yuan and traded internationally, China will be able, potentially, to divert the petrodollars now held by oil-producing countries towards its Yuan, thus eroding much of the current crucial support enjoyed by the U.S. dollar. Many Americans are blissfully unaware that through the power of the printing press…
Details
Improvements in the Fortunes of South Africa’s Mining Industry Mask Huge Challenges — PwC Cecilia Jamasmie A strong price recovery for the main commodities South Africa mines and exports has helped the country’s sector stage a turnaround in 2017, the first time in five years the industry is back in the black, a report shows.…
Details
IBM Now Has More Employees in India Than in the U.S. IBM has shifted its center of gravity halfway around the world to India, making it a high-tech example of the globalization trends that the Trump administration has railed against. By VINDU GOEL SEPT. 28, 2017 https://www.nytimes.com/2017/09/28/technology/ibm-india.html?emc=edit_th_20171001&nl=todaysheadlines&nlid=41594720 BANGALORE, India — IBM (NYSE: IBM) dominated the…
Details
Why Is South Sudan, ‘Home of the Nile’, in the Worst Water Crisis Ever? Stefanie Glinski SEPTEMBER 30, 2017 JUBA (Thomson Reuters Foundation) – When Jimmy’s parents finally pulled their son out of the churning river, his body was already lifeless and limp, heavy in the arms of his father. But the eight-year-old’s death…
Details
Cameroon orders Anglophone region total lockdown for three days Reuters Staff SEPTEMBER 29, 2017 YAOUNDE (Reuters) – Cameroon authorities on Friday banned all gatherings of more than four people, ordered bus stations, eateries and shops to shut and forbade movement between divisions of its English-speaking region for three days to prevent planned protests. Anglophone Cameroonians…
Details