Flash Briefing: EM/Rand high on Biden; 30% local in streaming content; Green energy job losses; Myeni; Oxford Xmas Jab?
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In today's business headlines:
- Emerging-market stocks climbed to the highest level in more than two years and most other currencies have strengthened as Democrat Joe Biden is moving closer to victory in the US presidential election. “Trump’s defeat is good for emerging markets."
- The Rand has made major gains on the dollar remaining below R16 to the greenback, a level it has not seen since March this year. The currency was trading around R15.80 cents to the dollar for most of Thursday and even dipped to R15.77.
- The Government wants to enforce a 30% local content quota for Internet streaming services and is also proposing a crackdown on tech giants, Netflix and YouTube. That is according to My Broadband. The Minister of Communication and Digital Technologies, Stella Ndabeni-Abrahams has confirmed this in a response to written questions in parliament, and said it would be a requirement as part of changes proposed in a draft White Paper.
- A drive to shift South Africa’s electricity production to renewable energy is threatening as many as 120,000 jobs at coal mines and power plants that use the fuel. That is according to Muhammed Patel, an economist at Trade & Industrial Policy Strategies and
- AstraZeneca Plc’s coronavirus shot could be ready for large-scale vaccinations as early as this year, Chief Executive Officer Pascal Soriot said, dismissing reports of delays and production snags. Learn more about your ad choices. Visit megaphone.fm/adchoices
- Emerging-market stocks climbed to the highest level in more than two years and most other currencies have strengthened as Democrat Joe Biden is moving closer to victory in the US presidential election. “Trump’s defeat is good for emerging markets."
- The Rand has made major gains on the dollar remaining below R16 to the greenback, a level it has not seen since March this year. The currency was trading around R15.80 cents to the dollar for most of Thursday and even dipped to R15.77.
- The Government wants to enforce a 30% local content quota for Internet streaming services and is also proposing a crackdown on tech giants, Netflix and YouTube. That is according to My Broadband. The Minister of Communication and Digital Technologies, Stella Ndabeni-Abrahams has confirmed this in a response to written questions in parliament, and said it would be a requirement as part of changes proposed in a draft White Paper.
- A drive to shift South Africa’s electricity production to renewable energy is threatening as many as 120,000 jobs at coal mines and power plants that use the fuel. That is according to Muhammed Patel, an economist at Trade & Industrial Policy Strategies and
- AstraZeneca Plc’s coronavirus shot could be ready for large-scale vaccinations as early as this year, Chief Executive Officer Pascal Soriot said, dismissing reports of delays and production snags. Learn more about your ad choices. Visit megaphone.fm/adchoices
