Tag Archives: gains

Opposition Seeks Gains From South African Graft Revelations



South Africa's main opposition party expects to overcome a slump in opinion polls and benefit from the emerging claims of graft during Jacob Zuma's …
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Slow gains for women and minorities on boards of big US firms, study says


The percentage of minorities and women on the boards of the largest public companies in the United States has edged up in the past two years, but “advancement is still slow” and the bulk of corporate directors at such firms continue to be white men, a study released Tuesday found.

The study, by the Alliance for Board Diversity, which advocates for broader demographic inclusion in boardrooms, and the professional services firm Deloitte, shows that women and minorities occupied 38.6 percent of board seats at Fortune 100 companies last year, compared with 35.9 percent in 2016.


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Slow Gains for Women and Minorities on Boards of Big U.S. Firms, Study Says


The percentage of minorities and women on the boards of the largest public companies in the United States has edged up in the past two years, but “advancement is still slow” and the bulk of corporate directors at such firms continue to be white men, a study released on Tuesday finds.

The study, by the Alliance for Board Diversity, which advocates for broader demographic inclusion in boardrooms, and the professional services firm Deloitte, shows that women and minorities occupied 38.6 percent of board seats at Fortune 100 companies last year, compared with 35.9 percent in 2016.

At Fortune 500 companies, the figure rose to 34 percent in 2018 from 30.8 percent two years earlier, the last time the study was done, but still fell short of the alliance’s target.

“Our goal is to get to 40 percent…

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UPDATE 1-South African rand extends gains versus sliding dollar


(Updates to reflect afternoon trading)

JOHANNESBURG, Jan 7 (Reuters) – The South African rand strengthened against the dollar on Monday, adding to strong gains last week as dovish comments by the Federal Reserve chair hurt the U.S. currency.

At 1445 GMT the rand was more than 0.6 percent firmer at 13.8650 to the dollar after earlier striking a session best of 13.8325.

The rand fell more than 14 percent in 2018, partly weakened by U.S. interest rate hikes which boosted the dollar, but it is up 3.5 percent since the start of 2019.

“The rand’s gains are mostly a weaker dollar story,” said Gerrit van Rooyen, economist at NKC African Economics.

Fed chair Jerome Powell said late last week that the U.S. central bank would be sensitive to the downside risks that markets are pricing in,…

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African-American military monument gains more support



A joint gift of $200,000 from Delaware North Cos. Inc. and M&T Bank will help bring to reality a new monument recognizing local African-American …
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Some Blacks See Big Gains in House Price Appreciation


Construction on a housing development in Detroit.
Construction on a housing development in Detroit. Rebecca Cook/Reuters

In some cities black homebuyers did better than whites, Latinos, and Asians in recent years. The problem is that there aren’t enough of them.

Black homeownership rates are in free-fall. All homeownership rates have declined steadily since 2004, and they’re now hovering at their lowest levels since the mid-1990s. But black homeowners, targeted disproportionately by subprime lenders during the housing bubble, suffered tremendous losses in the subsequent foreclosure crisis. Today, African-American homeownership rates are at their lowest levels in 50 years—since before the passage of the Fair Housing Act in 1968.


This crisis is so significant that many African-American households may no longer aspire to buy homes,…

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