The rand is undervalued and there’s scope for the currency to strengthen to as much as R11/US$, said Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group.
Browsing: Goldman Sachs
Cryptocurrencies dropped sharply for the second time in less than 24 hours, sinking toward a nine-month low amid concern that broader adoption of digital assets will take longer than some anticipated.
The market’s biggest digital coins dropped sharply on Wednesday amid a report that Goldman Sachs Group is pulling back on near-term plans to set up a cryptocurrency trading desk.
At first, bitcoin was a way to make payments without banks. Now, with more than US$100bn stashed in digital currencies, banks are debating whether and how to get in on the action. Goldman Sachs Group
Bitcoin traders can breathe a sigh of relief. If JPMorgan Chase & Co’s CEO Jamie Dimon fires them for trading the cybercurrency, Goldman Sachs Group could welcome them with open arms. Goldman is reportedly
Debt and corruption scandals at Eskom make the utility the biggest risk to South Africa’s economy and the government needs to replace its management, Goldman Sachs Group has said. Eskom plans to
A crack has finally formed in the foundation of the US bull market. Now investors must decide if any structural damage has been done. This year’s hottest stocks, companies from Facebook and Apple to Netflix and Nvidia, buckled
Divisions within the ANC are deepening and a potential downgrade of South Africa’s debt rating to junk isn’t fully priced in by markets, according to Goldman Sachs Group. The rand slumped as much as 4,3% against the dollar on
Jia Yueting has all the trappings of a successful Chinese tech entrepreneur with global ambitions. A self-made billionaire who got his start as the IT guy at his local tax bureau, Jia’s flagship Internet video company now sports a US$15bn market capitalisation
Salesforce.com was a rival potential bidder for LinkedIn in the process leading up to the professional networking website’s acquisition by Microsoft, according to people familiar with the matter. Salesforce was advised by Goldman Sachs in the