Hlompho Mota

186 Flips | 2 Magazines | 4 Likes | 9 Following | 3 Followers | @HlomphoMota | Keep up with Hlompho Mota on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Hlompho Mota”

Inside The Nine Hours In Turkey That Left Washington Shaken

A mysterious phone call, a short-lived coup, and a key relationship that will feel the tension for some time to come.<p>WASHINGTON — General Joseph Dunford, chairman of the Joint Chiefs of Staff, was almost 7,000 miles away from his office at the Pentagon when a mysterious call came in on a Friday …

New Solar Capture Technique Converts CO2 Into Burnable Fuel

University of Chicago Engineers have built a new type of solar cell that would efficiently convert atmospheric carbon dioxide to fuel—and it achieves …

This pro-EU 'Project Smear’ risks distorting our economy 

The UK economy grew by 0.6pc during the three months to the end of June, we learnt last week. You might think our second-quarter growth performance, equivalent to a buoyant 2.2pc annual rate, was rather impressive. Then again, you might not.<p>That’s because pretty much every piece of UK economic news …

Great Britain

Wall Street's big investors are piling into tourism

Rainmakers are betting on tourists to bring in some serious profits.<p>The Carlyle Group, the private-equity giant with $178 billion in assets, recently invested in Inca Rail, which provides a scenic ride to Machu Picchu in Peru.<p>Apollo Global Management announced its $2.2 billion purchase of Diamond …

Tourism

Elon Musk just shared new details about Tesla’s car-sharing service of the future

In the future, you may not only have to worry about your Uber rating, but also your Tesla rating.<p>Musk shared some new details about Tesla's future car-sharing service on Friday evening and it sounds like he intends to include an Uber-like rating system in which Tesla owners get to rate people who …

Tesla

Researchers Have Found a Crucial Cache of Helium Underground in Africa

In the face of a worldwide shortage, the gas has been found bubbling out of pools in Tanzania and scientists are breathing a sigh of relief.<p>Helium is the second most abundant element in the universe, but on Earth it's become harder and harder to find. Stores at the U.S. Federal Helium Reserve—a …

Rand resilient as JSE moves mostly sideways

Johannesburg - The new wave of optimism on global markets did not have a big influence on the JSE on Tuesday morning.<p>The major indices on the JSE …

Stock Markets

Bidvest to spin off 'undervalued' food unit

Johannesburg - Conglomerate Bidvest Group will next month spin off and separately list its food distribution business, it said on Thursday, in a …

Gupta-owned Oakbay completes Optimum take over

Cape Town - Oakbay Investments has completed its acquisition of Optimum Coal Mine and six other target firms from Glencore for a total consideration …

Patrice Motsepe launches new investment firm

Johannesburg - Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called …

AB InBev agrees to R1bn fund for SABMiller deal

Johannesburg - Anheuser-Busch InBev NV agreed to create a R1bn ($69m) fund that will support the South African beer industry and protect jobs in the …

BP shareholders reject chief executive's $19.6m pay deal

London - Shareholders in BP Thursday rejected a pay deal worth $19.6m for chief executive Bob Dudley in a symbolic vote amid heavy losses and job …

Travel (South Africa)

Growth of GM crops slows for first time in 20 years

Paris - The growth of genetically-modified crops has dipped for the first time following two decades of steady increases, according to a study …

Agriculture

Rand dips in line with Asian currencies

Johannesburg - The rand weakened against the dollar in line with a decline in Asian currencies against a strengthening greenback on Thursday.<p>At …

Africa needs to trade with itself – here’s how

Trade not aid. It’s an idea we hear quite a bit in reference to Africa. Last summer, when Barack Obama addressed the African Union – the first US …

How open source can accelerate the circular economy shift

The Author<p>Sam Muirhead<p>I make all sorts of videos – but I have a focus on using, explaining and promoting Free/Libre/Open Source Software, Free …

Coal giant Peabody files for bankruptcy protection in US

<b>Peabody Energy, the world's largest privately-owned coal miner, has filed for bankruptcy protection in the US after a sharp fall in coal prices left it unable to repay its debts.</b><p>The firm said the move was aimed at reducing debt and that all its mines and offices would continue to operate.<p>"This was …

SA consumer confidence remains low amid 'stagflation'

Cape Town – South Africa’s consumer confidence remains depressed as the economy remains in the grip of “stagflation”, the latest FNB/BER Consumer …

Economics

Wider consumer price inflation coming - economist

Cape Town - A sharp move higher in average purchasing price and selling price inflation indicators in the latest Business Confidence Index (BCI) of …

5 Things to Watch in Bank Earnings - Briefly - WSJ

The first-quarter earnings season begins for the largest U.S. banks on Wednesday when J.P. Morgan Chase & Co. reports results. Volatile markets, low energy prices and an uncertain outlook for interest rates have made investors bearish on bank stocks: the KBW Nasdaq Bank Index of large commercial …

Stock Markets

The Mohamed A. El-Erian interview: How bad a slowdown do you need for a real wake-up call?

<i>He stepped down in 2014, citing a need to spend more time with his family, and he has since written a book about central banks and the global economy called "The Only Game in Town." In it, El-Erian describes a world heading toward a crisis point as central banks run out of policy tools to spark a</i> …

Sharp drop in trade deficit

Cape Town – South Africa’s trade deficit decreased to R1.07bn in February, falling significantly from its revised January deficit of R17.96bn, the SA …

Bidvest founder to offer portion of business to entrepreneurs

Cape Town - Bidvest Group founder Brian Joffe plans to give a portion of the business to dedicated entrepreneurs, Deputy Minister of Trade and …

Germany could be Europe's next big problem

Previously, it was the debt of the eurozone's peripheral countries that was of concern to the markets.<p>But in an interview with Business Insider, Geopolitical Futures founder George Friedman said Europe had a much bigger problem: Germany.<p>And at the heart of the looming issue for Germany and Europe …

Manuel would fire Moyane if he were finmin for a day

Cape Town – If Trevor Manuel were finance minister for a day, he would dismiss tax boss Tom Moyane.<p>The former minister of finance shared the podium …

We've been violated for many years - UFS contract workers

Jeanette Chabalala, News24<p>Bloemfontein – Contract workers at the University of Free State on Thursday recounted the daily reality of having to …

Worry for SA's neighbours as Gordhan readies budget

Harare – Analysts have projected a dim outlook for South Africa and its neighbours Botswana, Zambia and Zimbabwe as Finance Minister Pravin Gordhan …