Daily Archives: June 27, 2017

Bank of America Merrill Lynch Is No. 1 on Institutional Investor’s EMEA Research Team Ranking of the Region’s Best-Sell Side Analysts

For a fifth consecutive year, Bank of America Merrill Lynch claims the top position on Institutional Investor’s EMEA Research Team Survey

NEW YORK, June 27, 2017 (GLOBE NEWSWIRE) — Bank of America Merrill Lynch once again, seizes first place on the Emerging Europe, Middle East & Africa Research Team, Institutional Investor‘s exclusive annual ranking of the region’s best sell-side analysts, marking a fifth straight win for the firm.

Citi adds one position this year, boosting them from a third-place ranking in 2016 to tie for second with J.P. Morgan this year. Renaissance Capital climbed up the leader board to No. 9 overall from 13th. Morgan Stanley drops 4 spots to 10th place.  Nine firms tie for 14th place – five of which are new to the Leader board this year.

Twenty-two firms are represented in this year’s results, including six that didn’t appear last year: Macquarie, Aton, Avior Research, Exotix, Standard Bank Group Securities, and Unlu & Co.

The 2017 Emerging Europe, Middle East & Africa Research Team reflects the opinions of more than 680 individuals at 358 institutions that collectively manage an estimated $357 billion in emerging EMEA equities and $321 billion in emerging EMEA debt.

A total of 118 team leaders appear on this year’s roster, which is limited to the top three squads in each sector, plus runners-up where applicable. The full report names 308 researchers, representing 41 entities, who met minimum-vote and other eligibility criteria.

Top 5 – 2017 All-EMEA Research Team Leaders

1 Bank of America Merrill Lynch
2 Citi
2 J.P. Morgan
4 Deutsche Bank
4 UBS

Complete results can be found at www.institutionalinvestor.com/rankings.

About Institutional Investor
For 50 years Institutional Investor has consistently distinguished itself among the world’s foremost media companies with groundbreaking journalism and incisive writing that provides essential intelligence for a global audience. In addition, Institutional Investor offers a host of proprietary research and rankings that serve as respected industry benchmarks. For more information visit institutionalinvestor.com.

For more information contact Esther Weisz at 212-224-3307 or eweisz@institutionalinvestor.com.

Zimbabwe Churches Mount Campaign for Violence-free Polls

HARARE � Churches in Zimbabwe have launched a campaign to promote tolerance and peace as the country prepares for next year’s elections. A pro-democracy coalition of NGOs in Zimbabwe says it is worried by tensions building in the southern African nation.

In an interview after the launch of a 12-month program to promote peaceful elections, Reverend Kenneth Mtata, the secretary-general of Zimbabwe Council of Churches said his organization notes Christians make up the majority of the country’s population.

He was polite in responding to critics in the pro-government media who say the church is meddling in politics.

Yes that is true we have no business in party politics. But every Zimbabwean has responsibility over what happens to them,” he said. “If you define politics as a way of distribution of power, of resources, then it is a concern for everyone. The only reason why we enter into this discussion because our nation has not healed. There are many problems in our nation and if we do not address these problems, people come to church every Sunday, we are hosting 80 percent of the population, if we renege on this responsibility I think we would have failed the citizens of Zimbabwe.”

He says the churches are saying no to violence and violent candidates, no to corrupt candidates, no to incompetent candidates, and no to abuse of Zimbabwe’s constitution.

Director Jestina Mukoko of the Zimbabwe Peace Project, a coalition of pro-democracy NGOs, says that is not all.

“The media is awash with hate language. What that does at a local level, it translates to physical violence,” she said. “For me, what I would want leaders to be speaking about and also the media, is basically against political violence. And reduce this hate language rhetoric that is all over the media because it does not do us any good. We are months from the elections, but at the rate we are going, it is a bit concerning.”

In 2008, the African Union nullified results of an election in which President Robert Mugabe had declared himself winner. That was after the main opposition leader Morgan Tsvangirai had withdrawn from the contest citing deaths of his supporters at the hands of suspected members of the ruling Zanu-PF.

Source: Voice of America

SOUTH AFRICA, DR CONGO PUSH FOR STRENGTHENED TRADE TIES

PRETORIA, June 27 (NNN-SA NEWS) — South Africa and the Democratic Republic of the Congo (DRC) have re-affirmed their willingness to improve and strengthen their economic relations through facilitating trade and removing all impediments constraining bilateral trade and investment during talks here between President Jacob Zuma and visiting DRC President Joseph Kabila.

The two Heads of State feel that the treaty on the avoidance of double taxation signed between the two countries should be implemented soon as all legal requirements have been fulfilled. This emerged at the end of the tenth session of the Bi-National Commission (BNC) which was co-chaired by the two presidents here Suunday.

The BNC received a report of the Ministerial Commission on the implementation of signed agreements and the commitments and recommendations made during the 9th Session of the BNC. These commitments and recommendations concern co-operation projects in politics and governance; defence and security; economy, finance and infrastructure; and social and humanitarian affairs.

The 10th BNC saw the signing of a Memorandum of Understanding (MoU) between the Cross Border Road Transport Agency and the Office for the Management of Multimodal Freight.

The two Heads of State noted the positive developments with regard to an immigration agreement, which would facilitate movement of diplomats and officials of the two countries. They urged Ministers, within whose mandate this matter resides, to make the necessary arrangements to sign this agreement expeditiously as all legal requirements have been complied with, a communique issued after the session said.

President Zuma expressed satisfaction with the progress in identifying a contractor for the implementation of the Grand Inga hydro-electric dam Project. The Grand Inga Project will seek to harness the power potential of the Congo River, sub-Saharan Africa’s greatest waterway, with the potential to power half of the continent.

The session also looked into the political stability in the DRC. The two sides expressed satisfaction with the successful conclusion of the political dialogue initiated by President Kabila which resulted in the appointment of Bruno Tshibala as Prime Minister, and the establishment of a Government of National Unity, saying this would strengthen democracy and pave the way for the holding of elections in the DRC.

The two sides called on the electoral bodies to work together to enhance the quality and credibility of this year’s elections.

Polls were not held last year because of budgetary constraints, sparking violent protests where civilians were killed by police as they tried to maintain order.

Critics have voiced concern over the delay in holding election, saying President Kabila who came to power after the 2001 assassination of his father, deliberately delayed elections in order to remain in power. The DRC’s Conference of Catholic Bishops (CENCO) helped to negotiate a Dec 31 deal aimed at avoiding a political crisis by ensuring an election this year to elect Kabila’s successor.

Turning to regional, continental and international issues, South Africa and the DRC expressed their commitment to African unity and integration within the framework of the Constitutive Act of the African Union (AU) and to the peaceful resolution of conflicts, as well as African renewal, specifically through the implementation of the AU’s Agenda 2063.

The two Heads of State reflected on the need to peace, security and stability in the region and the continent to end the suffering of the local populations. To this end they agreed that it was imperative for Africa to draw on its own resources and capabilities to achieve its objective of a prosperous Africa at peace with itself. In this regard, they expressed concern with the interference of some actors outside of Africa in domestic affairs, which threatens to undermine the sovereignty of African countries.

The two countries reiterated their common view on the need for the reform of multilateral institutions particularly the Bretton Woods Institutions and the United Nations Security Council to include the interests of the developing countries. In addition, to this they expressed concern about the recent withdrawal by the United States from the Paris Agreement on climate change.

Source: NAM NEWS NETWORK

Gauteng creates 700 000 new jobs

Pretoria � The Gauteng economy created 700 000 new jobs between 2010 and 2016 despite challenges in the economy, says Gauteng MEC for Economic Development, Lebogang Maile.

Delivering his Budget Vote on Monday in the Gauteng Legislature, MEC Maile said the Gauteng economy has remained relatively resilient and has recorded the largest nett gain in new jobs since the 2008 global financial crisis.

In fact, since we came into office as the fifth administration in 2014 bi-annual employment has reached 317 000, breaking the ceiling of 300 000.

Our provincial economy also succeeded in attracting investment, despite the seemingly unfavourable investment climate, he said.

MEC Maile said between 2014 and 2016 the province attracted R66 billion worth of foreign direct investment inflows, with the Gauteng Growth and Development Agency putting in a great effort to make Gauteng a desired investment destination.

In addition, 2 732 businesses were assisted to access regulatory departments and entities through the Gauteng Investment Centre (GIC).

The GIC has created a platform for local businesses to interact with their international counterparts. The platform has been further extended through our partnership with Trade Invest Africa (TIA), an initiative of the Department of Trade and Industry.

This initiative is aimed at informing the Gauteng business community about the support services offered by TIA in facilitating trade and investment with the rest of Africa, MEC Maile said.

Source: South African Government News Agency

Water and Sanitation on Mpumalanga dam levels

Save more as Mpumalanga dam levels shrink

The Department of Water and Sanitation (DWS) in Mpumalanga encourages communities to strengthen their water conservation initiatives as the dam levels are continuously decreasing. According to the Department’s weekly state of reservoirs report of 26 June 2017, the total full supply capacity of dams in Mpumalanga is down by 0.4% from last week’s 78.5% to 78.1% as recorded on Monday. This shows a continuous downward trend in dam levels over the last couple of weeks.

As we are in the dry winter season in the Mpumalanga Province, it is crucial to strengthen our water conservation drives and save more water to ensure that the current water in our reserves supplies all communities until we receive rain in the summer rainy season.

Most of the dams in the Mpumalanga Province are showing a continuous decline in water volumes with a few exceptions recording some minor increases.

The water volume in Witbank Dam decreased from 102.8% to 101.5%, Ohrigstad Dam decreased from 88.7% to 87.6%, Jericho Dam decreased from 68.9% to 68.3%, Westoe Dam decreased from 89.5% to 89.3%, Morgenstond Dam decreased from 57.6% to 57.3%, Heyshope Dam decreased from 84.1% to 83.6%, Nooitgedacht Dam decreased from 89.9% to 89.8%, Vygeboom Dam decreased from 99.1% to 98.7%, Driekoppies Dam decreased from 47.0% to 46.9%, Da Gama Dam decreased from 85.5% to 84.7% and Inyaka Dam decreased from 90.8% to 90.5%.

The only dams that recorded some increases in volume include Loskop Dam which increased from 100.1% to 100.3%, Witklip Dam increased from 100.1% to 100.2% and Kwena Dam increased from 79.5% to 79.8%. Middelburg Dam remained unchanged at 68.3%.

The Department further encourages the public to be responsible water users for sustainable water supply and water security. As schools will be closing for the winter break, let us educate and encourage our children to use water wisely during the school holidays. Conserve water and make the future generations proud of your inputs in water security in this water scarce country.

Source: Government of South Africa