Coal is King, China's capital calls, Union strikes out

[Send Business Maverick an email from here](@dailymaverick.co.za) [Find the web version of this newsletter here.]( [Business Maverick] Friday, 27 September 2019 “Of all your troubles, great and small, the greatest are the ones that don't happen at all.” Thomas Carlyle - Scottish philosopher and writer Story of the Day [Coal is still king of commodities in SA]( By Ed Stoddard [PwC's annual report on the South African mining sector confirms the recent turnaround seen in share prices, underscores the steady decline in the gold sector and highlights the dramatic rise of domestic manganese production. And coal is still the biggest revenue earner.]( [Advertisement] On the Markets Exchange Rates R/$ = 15.00 +0.01% R/£ = 18.52 +0.07% R/€ = 16.41 +0.06% R/BTC = 121,005 -4.21% At -+5am or latest: % open to close Trading the Markets JSE All Share = 55,271.00 +0.72% Dow Jones = 26,891.12 -0.3% Brent Crude ($/bbl) = 62.11 -0.72% Gold ($/oz) = 1,507.63 +0.27% While You Were Sleeping [US Regulator’s Ties to Wall Street]( The new head of the US Commodity Futures Trading Commission has promoted the daughter of a senior executive at Wall Street’s main derivatives lobbying group, provoking concern among some agency employees that the regulator is too cosy with the financial industry. [China fails to make the cut for flagship index]( British-based index provider FTSE Russell has decided to exclude China's domestic debt instruments from its global bond benchmark. which is bucking the trend of its peers who have been adding the country's asset classes to their related indices with zeal [Argentina looking at Uruguay-Style Debt Solution]( Residential candidate Alberto Fernandez indicated he would tackle Argentina’s debt problem by adopting a strategy similar to that of Uruguay, which successfully extended its bond maturities in 2003. [Five Things You Need to Know to Start Your Day]( Trump’s team sought to conceal his Ukraine call. Hong Kong’s Carrie Lam explains why the government won’t meet protesters’ demands. Japan’s biggest bank cuts jobs. Here are some of the things market players are talking about today. In Numbers R3.4-billion Local payments player Yoco has grown its customer base from 500 merchants, when the business launched in 2015, to over 50,000 small and medium sized operators today. It is now processing over R3.4-billion in transactions via its mobile point of sale devices per year. It has become the largest card machine outfit in South Africa. Fact of the Day The origins of the term “whistle-blower” are murky — one theory holds that it’s a reference to the whistle blown by British policemen when they saw foul play, and another says it’s a sports reference to the whistles blown by referees — but the principle dates back to medieval England by way of Roman law. Central to the existence of whistle-blowers is the concept that sometimes individuals, not governments or law-enforcement, need to be the ones who raise the alarm about wrongdoing. T[he trials and triumphs of journalism in South Africa]( [Sponsored Content by Investec]( Former Investec CEO, Stephen Koseff, talks to award-winning investigative journalist, Ferial Haffajee, about the media's role in exposing the Gupta Leaks, CR17 and state capture. Featured Articles [Money on the move as China welcomes offshore capital]( [Money on the move as China welcomes offshore capital]( By Ruan Jooste [Sasbo’s bank strike PR coup: How will the union use it?]( [Sasbo’s bank strike PR coup: How will the union use it?]( By Sasha Planting [BUSINESS MAVERICK VIDEO: 27 September: Vestact Blunders]( [BUSINESS MAVERICK VIDEO: 27 September: Vestact Blunders]( By Paul Theron Opinionistas [While global trading elephants, the US and China, butt heads, how should small countries like SA respond?]( A column by Donald MacKay [Taking a proper gander at Chinese propaganda]( A column by Mike Wills [Desperately seeking new weapons for the ECB]( A column by Yanis Varoufakis [Advertisement] [FORWARD THIS EMAIL TO A FRIEND]( [Fb]( [Tweet]( [Yt] Copyright © 2019 Daily Maverick, All rights reserved. You are receiving this mail because you are awesome and on the Business Maverick subscriber list. [Interested in advertising with us?]([Click here.]( [Getting too many emails from us? Manage your preferences]( [Unsubscribe](