Articles

Africa Mining: The Four Key Themes

Mining / Africa / Sat 08 Jul, 2017

Sub-Saharan Africa's (SSA) mining sector will continue to face a more challenging operational environment relative to miners in Asia and the Americas. More notably, we expect the region's largest producer, South Africa, to witness a contraction in terms of mining sector over the coming years as the political and regulatory situation on the ground

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MENA Infrastructure: Key Themes For 2017

Infrastructure / Middle East / Thu 06 Jul, 2017

2017 broadly signals a more positive outlook for the MENA infrastructure markets, which will benefit from oil prices starting an upwards trend and the corresponding general improvement in investor sentiment. Growth in key markets will tick upwards, although Saudi Arabia will disappoint and Iran's future attractiveness is at risk from a new US

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IPTV Launch No Panacea For Diminishing Revenues

Telecommunications / Israel / Sat 01 Jul, 2017

As an aid to growth, Partner's IPTV service will only be mildly successful in the short term as it comes late into a market characterised by pay-TV saturation and dwindling operator revenues. Partner will leverage three aspects of its service: superior infrastructure, a flexible platform and premium content straight to the TV, but this will be no

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MENA Projects Update: Significant Value Still To Come

Infrastructure / Middle East / Fri 30 Jun, 2017

Project activity across the MENA region will tick upwards in 2017 as governments begin to move pipelines forward following a period of relatively low activity. MENA will remain a significant market for transport project opportunities, but it is the non-residential building sector - specifically commercial and industrial projects - that represents

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The Move Into Cash May Be Just Beginning

Country Risk / Global / Thu 29 Jun, 2017

The rare combination of higher bond yields and lower equity prices across developed markets is becoming increasingly likely as risk perceptions change amid extreme market valuations. Cash is likely to become increasingly attractive due to its safety as central banks move to normalise monetary policy and asset values fall creating the appearance

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Vodafone Uses Loophole To Pre-Empt Iliad

Telecommunications / Italy / Wed 28 Jun, 2017

With its new plans, Vodafone is looking to pre-empt Iliad's entry in the Italian mobile market, due in early 2018. The use of zero-rating highlights the lack of clarity and fragmentation at the European level, as EU rules were not explicit on the service, leading operators to take advantage and offer free data on their tariffs.

Vodafone Italy

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Gradual Reforms On The Cards Despite Political Challenges

Country Risk / Wed 28 Jun, 2017

The Indian economy has broadly benefitted from the reforms undertaken by the government since it took office in May 2014, and we expect the administration led by Prime Minister Narendra Modi to continue to enact incremental reforms over the coming years, which should be positive for the economy. That said, the BJP's lack of a majority in the upper

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Personal Care To Outperform

Consumer & Retail / Iran / Wed 28 Jun, 2017

Demographics, social media usage and rising incomes will drive continued demand growth for personal care products over our forecast period. The removal of sanctions will bring in more globally recognised brands, as they look to tap into this expanding market. Challenges around correct pricing and partnering with local distributors will be critical

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