Ray Ndlovu
@ray_ndlovu
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Emerging Markets Reporter @business. Opinions mine. Scuderia Ferrari F1 Fan. Author: In the Jaws of the Crocodile. Tips: [email protected]
Africa
Joined September 2009
Some personal news 📣 I have taken up the emerging markets reporter job at Bloomberg News & will cover Africa & broader EM, while helping deepen coverage of local markets scene in South Africa eff. Dec.8. I’ll move to Johannesburg in the New Year. Tips at rndlovu1@bloomberg.net
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Slightly longer post available on my LinkedIn page here: (3) Post | Feed | LinkedIn
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A gauge of expected volatility for the rand versus the dollar is at its lowest level since the turn of the century
bloomberg.com
A gauge of expected volatility for the rand versus the dollar is at its lowest level since the turn of the century, suggesting traders expect little upheaval for the South African currency as the...
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Zimbabwe’s new gold royalty linked to the price of bullion is seen weighing on the profits of large miners in the mineral-rich nation which are enjoying a market rally of the precious metal
bloomberg.com
Top Zimbabwe Gold Miner Warns of Profit Hit From New Royalty
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The searing rally across South African assets this year risks running out of steam unless economic growth picks up enough to make a dent in the nation’s sky-high unemployment rate.
bloomberg.com
The searing rally across South African assets this year risks running out of steam unless economic growth picks up enough to make a dent in the nation’s sky-high unemployment rate.
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Zimbabwe doesn’t intend to completely wean itself off utilizing the US dollar, even as it moves toward adopting the ZiG as its primary currency by 2030
bloomberg.com
Zimbabwe Plan for Sole Currency Won’t Lead to Abandoning Dollar
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Zimbabwe plans to boost spending by nearly a quarter in 2026 as it seeks to shore up an economy expected to slow
bloomberg.com
Zimbabwe will introduce a new royalty structure for gold miners as the mineral-rich southern African nation seeks to cash in on a surge in the price of the metal.
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Zimbabwe expects to build a sufficient foreign-exchange buffer to enable it to transition to a single currency within the next three years
bloomberg.com
Zimbabwe expects to build a sufficient foreign-exchange buffer to enable it to transition to a single currency and phase out the use of US dollars in everyday transactions within the next three...
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Zambia’s dollar bonds rose after S&P Global Ratings ended its default status for the first time in five years, signaling renewed investor interest in the African country which was the continent's first sovereign defaulter in 2020
bloomberg.com
Zambia’s dollar bonds rose after S&P Global Ratings ended its default rating for Southern African country, five years after it became the continent’s first pandemic-era sovereign defaulter.
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South Africa has received notice from the US about a “change of mind” in Washington’s participation in the Group of 20 summit this weekend, President Cyril Ramaphosa said
bloomberg.com
The G-20 hasn’t even started, but has already descended into petty taunting.
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The US formally warned South Africa against pushing for a joint statement at this weekend’s Group of 20 summit in Johannesburg that the Trump administration is boycotting, according to a document seen by Bloomberg.
bloomberg.com
The US formally warned South Africa against pushing for a joint statement at this weekend’s Group of 20 summit in Johannesburg that the Trump administration is boycotting, according to a document...
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Zimbabwe’s dollar-only stock exchange is seen overtaking its 131-year-old counterpart to become the nation’s largest by market value within two years
bloomberg.com
Zimbabwe’s Dollar Exchange to Top Century-Old Bourse in Two Years
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Top South African bankers are the most optimistic they’ve been about the nation’s economic prospects in decades following a spate of good news.
bloomberg.com
Top South African bankers are the most optimistic they’ve been about the nation’s economic prospects in about two decades after a spate of good news.
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Where’s the right place for South Africans to put their money? Five investment experts weigh in https://t.co/r0nswx0wDm via @markets
bloomberg.com
Five financial experts share their views on where to put your money right now.
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African countries still face the world's highest borrowing costs. It's sparking a big debate
bloomberg.com
Some leaders see a “prejudice premium.” Others say default risk and a lack of data play a bigger role.
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A wave of African central banks is set to cut interest rates at their final meetings of the year as inflation cools — a shift that could revive growth across the continent
bloomberg.com
Africa Central Banks Set for Wave of Final Interest Rate Cuts of Year
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Aliko Dangote, Africa’s richest person, plans to invest as much as $1 billion in Zimbabwe to build cement and power plants as well as a fuel pipeline
bloomberg.com
Aliko Dangote, Africa’s richest person, plans to invest as much as $1 billion in Zimbabwe to build cement and power plants as well as a fuel pipeline.
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Mercedes Formula One Chief Executive Officer Toto Wolff is in talks to sell some of his stake in a deal that could value the team at a record $6 billion, according to a person familiar with the matter.
bloomberg.com
Mercedes Formula One Chief Executive Officer Toto Wolff is in talks to sell some of his stake in a deal that could value the team at a record $6 billion, according to a person familiar with the...
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Senegal has joined Gabon and Mozambique to form a trio of African nations on the verge of debt distress
bloomberg.com
Senegal Joins Gabon, Mozambique in Africa Trio on Verge of Distress
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The UK is expected to overtake South Africa as the largest source of remittances for the first time into Zimbabwe this year, according to Finance Minister Mthuli Ncube
bloomberg.com
The UK is expected to be the largest source of remittances to Zimbabwe this year, overtaking South Africa for the first time, according to Finance Minister Mthuli Ncube.
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