In the news today: Namibia considers land expropriation, black asset managers benefit from a R100bn allocation by the PIC, and the Department of Water and Sanitation gets a qualified audit

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Namibia considers land expropriation

Namibian President Hage Geingob is mulling over land expropriation because the principle of willing buyer, willing seller has not delivered results.  READ MORE

Black asset managers benefit from PIC’s R100bn allocation

The Public Investment Corporation (PIC) allocated more than R100bn to black asset managers in 2018. The PIC has been allocating a portion of its listed equity portfolio for management by black asset managers for the past nine years.  READ MORE

Water and sanitation department gets qualified audit

An inability to curb unauthorised and wasteful expenditure, together with a failure to act against the officials responsible, has resulted in a qualified audit for the Department of Water and Sanitation.  READ MORE

Emerging markets rally on the cards?

Asset managers are cautiously optimistic that emerging markets will weather the recent storms – and assets are better priced than they were at the beginning of the year.  READ MORE

Centbee launches app to send Bitcoin cash by cellphone

Yesterday saw the beta launch of a Bitcoin cash wallet that makes it easy to send Bitcoin cash to friends. The wallet is touted as the easiest way to send money – and cryptocurrency as a form of payment costs a fraction of what users would pay using their bank accounts, says Centbee CEO Angus Brown.  READ MORE