Business & Economy

Analysts warn China’s retail investors over share-buying stampede
Business & Economy, China

Analysts warn China’s retail investors over share-buying stampede

Individual investors, some of them first-timers who rushed to set up trading accounts during a recent rally in Chinese stock markets, are taking huge risks if they buy shares now in hope of a bull market, commentators have warned. Analysts have warned in recent days that the recent rallies in Shanghai, Shenzhen and Hong Kong on expectations of a fiscal stimulus package from Beijing are highly risky for individuals trying to maximize the value of their life savings. A Beijing stockholder who gave only the nickname Wang Cong said he was among those who rushed back into the market as shares started to rally following an initial package of economic stimulus measures announced on Sept. 24. But retail investors were soon left high and dry, as markets plunged following a news confere...
Europe braces for Chinese retaliation over EV import tariffs
Business & Economy, World

Europe braces for Chinese retaliation over EV import tariffs

London — The European Union is bracing for retaliation from China after the bloc voted last week to impose tariffs on the import of Chinese electric vehicles, or EVs, amid speculation that Beijing could seek to target individual European countries that voted for the measures. The EU is divided on the issue, with 10 member states in favor in Friday’s vote, five countries voting against the measures and 12 abstaining. After the vote, China's Commerce Ministry said it opposed the planned tariffs, calling them "unfair, non-compliant and unreasonable." Cognac France is among the countries that pushed for the EU to adopt the tariffs. Makers of French cognac, a type of brandy, fear that Beijing will now seek to target their product, after China launched an anti-dumping probe earlier t...
Google Cloud Appoints Paul Migliorini as Vice President for ANZ to Drive Market Strategy and Growth
Business & Economy

Google Cloud Appoints Paul Migliorini as Vice President for ANZ to Drive Market Strategy and Growth

Paul Migliorini, (Google Cloud / Supplied) Google Cloud has appointed Paul Migliorini as Vice President for Australia and New Zealand, replacing Alister Dias, who left for personal reasons. Migliorini was previously the CEO of Versent, which was acquired by Telstra last year, and he has over 25 years of international work experience, including serving as the Managing Director of AWS Australia. Based in Sydney, Migliorini will be responsible for developing local market strategies and closely collaborating with several clients and partners, including ANZ Bank, Woolworths, and Telstra. Karan Bajwa, Vice President of Google Cloud Asia Pacific, stated that Migliorini's extensive experience will help drive the company's growth. Migliorini emphasized the profound impa...
Surf’s up! Celebrate summer at 2020 Wavescape Surf and Ocean Festival
Business & Economy

Surf’s up! Celebrate summer at 2020 Wavescape Surf and Ocean Festival

The Wavescape festival is strongly focused on conservation awareness, ocean activism and community upliftment. Image: Adobe Stock The festival, to run in Cape Town from 4 to 12 December, promises an excellent line-up of online and hybrid ocean-conscious events. Presented by surf and skate brand Vans, it will again include the open-air film screenings and film nights of past years, as well as exciting new additions like a drive-in surf movie night, a surfboard art exhibition, webinars, a photographic exhibition and an Instagram auction. 17TH EDITION OF WAVESCAPE FESTIVAL What began as a celebration of surfing through stories of exotic destinations and secret waves, the festival, now in its 17th year, has grown into an eco-centric fight for a better environment. It featured talented cr...
‘The G Word’: Obamas to produce new Netflix comedy series
Business & Economy

‘The G Word’: Obamas to produce new Netflix comedy series

The Obamas' new Netflix show will pull back the curtain on government. Image: Getty Images Barack and Michelle Obama will produce the series, which will be based on the chaotic transition period that took place after Donald Trump became the American president in 2016. FILMING OF ‘THE G WORD’ TO START EARLY 2021 Filming is set to start in early 2021, and the series will be based on Michael Lewis’s book The Fifth Risk, the rights to which the Obamas bought in 2018. Previous books by Lewis which were adapted for the screen include Moneyball and The Big Short, both critically acclaimed. The Obamas, through their multimillion-dollar deal with Netflix and their company High Ground Productions, will bring The G Word to the streaming service. “The G Word is set to be part documentary, part sketc...
Cape Town’s new drive-in: V&A to launch outdoor movie screenings
Business & Economy

Cape Town’s new drive-in: V&A to launch outdoor movie screenings

Nothing beats a retro drive-in experience. Image: Adobe Stock The V&A Waterfront location is especially convenient as you can get your Christmas shopping done and then take a nostalgic trip down memory lane at the drive-in. The new open-air cinema which will start showing movies on Friday 27 November, is a partnership between Ster-Kinekor and the V&A Waterfront. HOW IT WILL WORK According to a recent blog post by the mall, patrons will pay R250 per car for new releases, while pre-released or older movies will cost R220 per car. Tickets will be sold online. Snacks can be ordered at R100 for fizzy drinks and popcorn, and because of coronavirus health restrictions these will be sealed and delivered to your car. Movies will be screened at various times between Thursday and S...
‘Jive Culture Shock’ to feature the Kaapse Klopse and Malay choirs
Business & Economy

‘Jive Culture Shock’ to feature the Kaapse Klopse and Malay choirs

The competition is quite different in 2020. Image supplied South African singer-songwriter, actor and entertainer Loukmaan Adams collaborates with Oddball Concepts to bring audiences the uniquely Capetonian production The Jive Culture Shock: Jingles and Karinkles online. According to Adams, the Jive Culture Shock takes a deeper and closer look at what happens in the cultural sector by shining a positive light on what the participants are capable of. The episodes include story inserts, guest judges, viewer videos and a surprise international element. A LOUKMAAN ADAMS AND ODDBALL COLLABORATION Audiences can expect to be dazzled with Adams who has brought over 30 years of experience in the entertainment industry to the collaboration. Oddball Concepts has been actively involved in curat...
Prince Kaybee: Fans a-Twitter about ‘Project Hope’ all-female collaboration
Business & Economy

Prince Kaybee: Fans a-Twitter about ‘Project Hope’ all-female collaboration

Prince Kaybee and the female artists featured on the 'Project Hope' album. Kabelo Motsamai, popularly known as Prince Kaybee, who has often found himself trending on social media for controversial reasons, has now given his fans something positive to celebrate. This came on last Friday 2 October when he announced the release of a new album. Project Hope is a musical initiative directed at upholding women and in recognition of Women’s Month. Motsamai is a DJ, music producer, director and television personality who in 2015 was announced as the winner of the second season of the SABC1 reality competition 1’s and 2’s. In 2016, he received a nomination in the category Listener’s Choice at the sixth MTV Africa Music Awards. He has also been working on his fourth studio album, titled 4th R...
‘Guitars are weeping’: Tributes pour in for rock legend Eddie van Halen
Business & Economy

‘Guitars are weeping’: Tributes pour in for rock legend Eddie van Halen

In this file photo taken on 7 February 2012, singer David Lee Roth, left, and musician Eddie van Halen of Van Halen perform at their dress rehearsal for family and friends at the Forum in Inglewood, California. Eddie van Halen, of the iconic hard rock group that bore his family name, died on 6 October 2020 following a long battle with cancer. Image: Kevin Winter/ / GETTY IMAGES NORTH AMERICA / AFP “I can’t believe I’m having to write this, but my father, Edward Lodewijk van Halen, has lost his long and arduous battle with cancer this morning,” his son Wolf van Halen wrote in a message on Twitter with a picture of the rocker who was 65. “He was the best father I could ever ask for,” he added. “Every moment I’ve shared with him on and off stage was a gift. “My heart is broken and I don’t t...
Q&A with FPK: SA rock legends break through lockdown with ‘Kajuitkoors’
Business & Economy

Q&A with FPK: SA rock legends break through lockdown with ‘Kajuitkoors’

The FPK 'bende' are, from left, Jaco S Venter, Johnny de Ridder, Francois van Coke, Wynand Myburgh, Hunter Kennedy Image: Jaco S Venter Formidable Afrikaans alternative rock group Fokofpolisiekar (FPK) have compiled a collection of four new songs – their first new material since the release of Selfmedikasie in 2017 and an EP Droom Hoog in 2018. The new EP, titled Kajuitkoors (Cabin Fever), echoes the country’s stifling COVID-19 lockdown regulations and tackles aspects of life faced by South Africans during this period. The group, which was formed in 2003, has carved out a solid reputation in the local Afrikaans rock industry since the release of As Jy Met Vuur Speel Sal Jy Brand in the same year. Due to the expletive contained in the group’s name, they are also commonly referred to ...