Emerging markets offer “a world of opportunity”, but delegates at the recent ACT Conference heard from treasurers whose companies operate in regions such as Africa about the challenges they also present.
Lower commodity prices have dented the performance of many of the region’s currencies, but this shouldn’t prove too tough a challenge for companies seeking to establish a presence in Africa.
The succession issue will arise in more than 20 countries this year, putting the stability of many regions in question reports the risk management group.
Despite some progress in tackling bribery and corruption, many senior managers are failing to set the right tone according to EY.
Standard & Poor’s has cut its long-term foreign currency sovereign credit rating to BB+ from BBB- as president Zuma comes under increasing pressure to resign.
President Jacob Zuma confirmed the dismissal of Pravin Gordhan after days of speculation that caused market and currency volatility.
In this interview with GTNews, Peter Crawley, Citi’s country officer for South Africa reports on the region’s challenges, opportunities and how fintech is proving a catalyst for change.
A recovery in commodity prices, coupled with the rising fortunes of several sub-Saharan African economies, means the continent offers excellent opportunities for companies able to contend with its treasury and risk management challenges.
The international trade deal is described as the most significant since the formation of the World Trade Organisation in 1995.
The bank and the International Financial Corporation are continuing the eight years old trade finance partnership with a further investment.