China’s asset management industry barely existed 20 years ago. By 2030 it will be the world’s second largest. There are myriad ways for foreign firms to get it right – and horribly wrong. Here are Euromoney’s precepts for a better chance of winning – and avoiding failure.
Euromoney’s latest quarterly crowd-sourcing risk survey shows an improvement to the global risk score average in Q3 2020. No fewer than 94 of the 174 countries have become safer to varying degrees since end-June, with 67 becoming riskier and the remainder unchanged.
Recent coverage: African Eurobond plans off the table after oil price plunge March 2020 Africa’s oil exporters are feeling the pressure after the crash in the oil price and fears of the coronavirus Covid-19, as investors pull money from international bond markets.
ECR survey results Q2 2018: Global risk subsides but the US, South Africa and Asian EMs dive as anxiety returns July 2018 Global risk subsided in the first half of the year, according to Euromoney’s country risk survey, with confidence in Europe maintained and commodity producers benefiting from better terms of trade.
South Africa’s economic freedom score is 58.8, making its economy the 106th freest in the 2020 Index. Its overall score has increased by 0.5 point due to a higher government integrity score.
The correction in the global commodity cycle shouldn’t derail investors’ search for new exploration frontiers in sub-Saharan Africa SSA , given the region’s high-quality mining and metal assets, and still-growing steel demand in China. In any case, efforts to boost local value-added processing should remain on track.
Mining production in South Africa fell 2.8% year-on-year in September of 2020, following an upwardly revised 3.8% decline in the prior month and compared with market expectations of a 1.5% drop. It was the seventh consecutive month of decreases in mining activity but at the softest pace in the current sequence, helped by the further relaxation of lockdown restrictions. Output fell less mostly ...
South Africa& 39;s Absa Manufacturing PMI rose to 60.9 in October of 2020 from an upwardly revised 58.5 in the prior month and well above pre-pandemic levels. The reading pointed to the third consecutive month of expansion in factory activity and at the quickest pace on record, as the demand continued to recover amid the further easing of lockdown restriction in early September.