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InterviewMalawi
Malawi’s president vows to crack down on graft after state resources probe
...Although Chakwera’s government has increased funding, the ACB’s budget is about $6mn, reflecting stretched public coffers....
August 21, 2022
ObituaryRobin Herbert
Robin Herbert, horticulturalist and banker, 1934-2024
...When Herbert, who has died aged 89, was elected president and chair of the Royal Horticultural Society in 1984, the coffers were empty and membership clustered in the home counties....
January 20, 2024
FT Live
Africa Summit
Africa in a complex world
Tuesday, 29 OctoberLondon, UK
Workplace pensions
The GDP forecast bug in public sector pensions
...Meanwhile, contributions effectively go from public sector employers back into HMT coffers....
March 31, 2023
FT AlphavilleWar in Ukraine
Russia’s FX reserves slip from its grasp
...Most of the world’s central banks keep a large portion in vaults beneath the Bank of England’s headquarters in Threadneedle Street, or close to Wall Street, in the coffers of the New York Federal Reserve...
February 28, 2022
UnhedgedRobert Armstrong
Treasuries probably aren’t the next crisis Premium content
...That will draw cash out of the RRP into the Treasury department’s coffers, via bill sales. The cash will then be used to purchase those stale long-term Treasuries....
November 4, 2022
Transcript
Bain under fire for enabling South Africa corruption
...Trillions of rand were stolen from government coffers. The FT’s Joseph Cotterill says the corruption peaked after 2014, Zuma was voted out in 2018....
January 17, 2022
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
South Africa
Control of Johannesburg in balance as South Africa goes to polls
...Meanwhile, many residents are heading off-grid, hurting municipal coffers....
October 31, 2021
South Africa
Ramaphosa warns corruption poses ‘existential’ threat to ruling ANC
...Now as president he said he still met resistance from those who had benefited from the looting of state coffers under Zuma....
August 12, 2021
News in-depthSpring Statement
Chancellor provides minimal help to households on cost of living crisis
...In contrast to the pain that will be suffered by households and the public sector, higher inflation brings additional money into the Treasury’s coffers without the chancellor raising tax rates....
March 23, 2022
Investments
Investors’ Chronicle: Smart Metering Systems, Fevertree, Restaurant Group
...Chris Dillow: Dizzy with success Joseph Stalin was right, at least in one respect. This is one lesson of Vladimir Putin’s so-far unsuccessful invasion of Ukraine....
March 18, 2022
Letter
Letter: Belgian reparations must not end in DRC’s coffers
...Mobutu Sese Seko was overthrown in 1997, but Laurent Kabila, promising reform, delivered little, and his son Joseph soon reverted to old ways....
November 20, 2020
Climate change
UN climate talks hit a wall over tensions about finance
...“The issue of climate finance still remains the most difficult part of all these negotiations,” said Molwyn Joseph, environment minister for Antigua....
June 18, 2021
Rana Foroohar
Capital for the people — an idea whose time has come
...Pre-distribution is supported by such unlikely bedfellows as hedge funder Ray Dalio and leftwing economist Joseph Stiglitz....
June 20, 2021
Shoprite Holdings Ltd
ShopRite plans to quit Nigeria
...Lagos-based consultancy, said Shoprite’s move was a reflection of how “toxic” Nigeria’s business environment had become as “the middle class shrinks, and the government harasses business more to fill dwindling coffers...
August 3, 2020
Due Diligence
The SoftBank trader with a taste for eccentric bets Premium content
...the brink of serious trouble at the onset of the coronavirus pandemic, the Japanese group has been at the forefront of the tech-fuelled rebound in global stock markets that has more than replenished its coffers...
May 13, 2021
FT Live
Commodities Asia Summit
Enabling decarbonisation in a time of disrupted trade flows
Wednesday, 6 NovemberSingapore
Mining
Dan Gertler wins reprieve from US sanctions over alleged Congo corruption
...He developed a friendship with former president Joseph Kabila and made a succession of deals with state-owned miner Gécamines....
January 25, 2021
South African economy
South Africa’s budget deficit to soar as economy contracts sharply
...South Africa’s public coffers were left in a parlous state after a decade of economic stagnation and looting under Jacob Zuma, the former president....
June 24, 2020
South Africa
Ramaphosa prepares to reopen South African economy gradually
...Earlier this week Mr Ramaphosa announced fiscal measures worth $26bn (R500bn) to relieve the rising economic distress at a time when South Africa’s state coffers are already strained....
April 23, 2020
South Africa
South Africa discusses lifting lockdown sector by sector
...Mr Ramaphosa has already announced fiscal measures worth $26bn (500bn rand) to relieve rising economic distress in the lockdown, at a time when South Africa's state coffers were already strained....
April 23, 2020
South African economy
South Africa knocked by second recession in two years
...The stagnant economy and a resulting drop in revenue collection have left South Africa’s state coffers in their weakest position since the start of ANC rule in 1994....
March 3, 2020
The world in 2023
UK economists’ survey: ‘miserable’ year ahead for households
...The aim should be to ensure that sustained growth returns sooner rather than later, given that an expanding economy has greater potential to buoy government coffers over the longer term, rather than more...
January 2, 2023
Bribery and corruption
US imposes sanctions on South Africa’s Gupta family
...Atul, Ajay and Rajesh “Tony” Gupta, a trio of Indian-born brothers, have been added to the US sanctions list as “members of a significant corruption network in South Africa” accused of looting state coffers...
October 10, 2019
Robert Mugabe
Zimbabwe dictator Robert Mugabe dies at 95
...The economy also remains scarred by the land seizures from white farmers that he ordered in the 2000s, and the looting of billions of dollars from state coffers by his family and cronies....
September 6, 2019
South African economy
South Africa jobless tally heaps pressure on Ramaphosa
...The loss was smaller than expected but investors are increasingly alarmed over Eskom’s finances and the effect on state coffers....
July 30, 2019
FT SeriesCash Trails
Workers abroad offer lifeline for Zimbabwe’s economy
...Emmerson Mnangagwa, who succeeded Mr Mugabe as president in a 2017 coup, is attempting to shore up Zimbabwe’s fragile new local currency and rebuild empty state coffers....
August 12, 2019

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