Genesis in the news
NEWS & INSIGHTS

Proposed chrome export tax: Report highlights the risks and pitfalls
The proposed tax, which was announced in a Cabinet statement on 21 October, took the industry by surprise. Ostensibly, it is aimed at supporting “domestic ferrochrome production and its chrome value chain sector”. Ferrochrome is processed from chrome ore and is a key ingredient in the production of stainless steel.

South Africa is not experiencing a second wave of COVID-19 (yet)
We can prevent a second wave by continuing to communicate the importance of mask-use and physical distancing, and by implementing an aggressive test and trace programme, especially in areas which seem to have spikes of COVID-19 infections.

SA drunks rev up calls to tighten booze laws
Alcohol’s deadly hand in road crashes and violent attacks – thrust to the fore after booze was unbanned two weeks ago – has led to renewed calls for stringent liquor regulations to save lives. But a piece of legislation which policy experts said could turn the tide has been stalled for four years.

Glass half full or half empty: How Do Stories Affect Economic Value?
The global economic lockdown has made sticking to a well-diversified portfolio difficult: while we watch our efficiently allocated portfolios take a hit, our risk-seeking peers take concentrated positions in video-conferencing stocks and watch their wealth soar.

Cloud-computing solutions can help to reduce banking costs in Africa
More than 700 million Africans lack access to a bank or mobile money account and only 41% of Africans are financially included. This is due to the high cost of providing financial services in Africa which forces many financial services providers to remain focused on serving wealthier customers.

Covid-19 pandemic: We must plan using models, act on actual data
Models need to be adjusted by actual measurements, like the actual number of people who are dying from the disease. This means that models tend to be more inaccurate in the beginning, but get better at making predictions over time.