The currency, rand, has hit all time lows against major currencies such as the pound, dollar and euro which does present a risk of inflation seeping through. Besides these points the business sector is suffering from a seismic discord coming from labourers and most notably trade unions who have made it their business to halt production in a push towards a living wage, but at what cost to the economy? Well the results show in the nation's GDP figure
South Africa's economy faces a challenging future, Reserve Bank governor says https://t.co/K6JGF2saw2 pic.twitter.com/NIAvaZExVD
— Bloomberg Business (@business) October 20, 2015
Today is the big day for Ferrari super car maker as they list after the closing bell. The company is looking to raise $10 billion as it tries to find new ways to invent itself. With a stock code that matches it's style, RACE seems to be fuelling the excitement from most market participants as the IPO was oversubscribed a few times.
BREAKING: Ferrari IPO expected to price as high as $53/shr after market close; $RACE IPO well oversubscribed-sources https://t.co/WkvSXBJP09
— CNBC Now (@CNBCnow) October 20, 2015
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