Exchange-rate volatility is worrying Africa’s CEOs, says PwC

A STUDY by auditing and accounting firm PwC has found that almost all company bosses in Africa are concerned about the effect of the exchange-rate volatility on their businesses.


The study‚ which interviewed 153 CEOs of private and government entities across 15 countries‚ said they were also extremely worried about social instability and governments’ responses to the fiscal deficit and debt burden faced by the countries in which their businesses operate.

PwC Africa CEO Hein Boegman said during the launch of the Africa Business Agenda survey that although African countries faced many issues‚ company leaders should do their best to focus on the positives and how they were going to solve the problems.

“The global financial and economic crisis has revealed Africa’s vulnerability to a number of external economic shocks.

“These include the decline in commodity prices fuelled by the economic slowdown in China; a marked decline in the demand for commodities; and the collapse in value of the emerging-market currencies against the US-dollar in anticipation of an interest rate hike‚” said Boegman.

He said companies that wanted to invest in African countries would not reap rewards overnight but their chances of succeeding in making big profits would materialise only if they invested for the long haul.

TMG Digital

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261 Comments on Exchange-rate volatility is worrying Africa’s CEOs, says PwC

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    If you do use our mobile app, please just be sure you accept push notifications, in order that you do not miss out on our awesome tutorials,
    poker guides, poker promotions and the latest happenings at Starpoker.
    There have been some one-off judgments abroad (some
    Danish, Swedish, Russian and U.S. state courts have acknowledged poker as a ability-primarily
    based sport), the place poker has been construed as a recreation involving a substantial degree of talent” and therefore excluded from the ambit of gambling, the prevailing temper globally is to brand all card video games as playing. If sure, right here is the good news for you: affords all the basic data needed for a brand new participant to study the game of poker totally.

    With 5 decks and three flooring of limitless gaming motion, poker aficionados are delighted with world-class poker services. Adda52 could lose its spot because the number one on-line poker website in India ought to PokerStars decide to launch firms within the Indian market. These chips comply with a two-colour pattern and are printed with the patented Cartamundi crown image. Look over there, it’s Erik Seidel, Las Vegas native and Poker Hall of Fame legend, noise cancelling headphones resting round his neck; round him, players from world wide undertake the usual parlour tricks: sun shades to conceal pupil dilations, scarves to obscure gulping Adam’s apples, hoodies to, dunno, seem like a thug or one thing. Online poker is passing by means of an attention-grabbing half in Unites States (U.S.). However, it’s nonetheless to be seen whether on-line poker might be banned or allowed in U.S. New Jersey has reported an excellent beginning for on-line playing inside the state.

    They’re part of a rising legion of younger Indian men and women—grinders, as they are known—who’ve decided that taking part in poker full-time is their calling. The sudden modifications in the administration of Spartan Poker has prompted concerns over the mental property rights and corporate governance norms. However one that is for sure that there is a enormous opportunity for Poker in India and with every day, there is a new web site posting the game of poker in a a lot-refined method. Bharat Agarwalla, a poker visionary was responsible for instituting the IPS which has since, gone on to grow to be an everyday tourney with occasions on alternate months at licensed casinos round India. We’re definitely not conscious of any Indian being prosecuted or charged for the offence of utilizing a playing website.

    There are several the explanation why.There are times when the complexities of on-line poker games, or the minute particulars of Texas Holdem poker video games appear daunting. Additional, such documents should not solely reflect the applicable provisions below varied Indian statutes but they need to also incorporate the binding force of judicial precedents as applicable in India. Gamers who qualify to the 12 teams will then play within the Mega Finals, the place the very best of India’s poker expertise might be invited to a show of skill and entertainment. Haresh Kukreja, former stock broker from Mumbai, first discovered poker on Fb. The new web site is the latest entrant within the Indian skill games trade, which already has more than a dozen online poker web sites.

    However, from the buying energy viewpoint, India is quite different from Australia,” stated Ashkenazi.

    We provide every day poker info, poker professionals’ blogs
    and tweets, exclusive poker motion pictures, thousands of free poker articles, in addition to protection from all
    major poker tournaments on the earth. Poker is legal in India
    thanks to the Indian Supreme Court that got here to the rescue
    of poker players, ruling that poker is sport of
    skill. Ought to the Supreme Courtroom rule that on-line rummy sites should
    not authorized, which will cause these sites to reevaluate whether
    or not they can continue to allow Indian gamers on their precise cash tables.
    Right here is very good app Play Poker at Poker Square for studying and enjoying on-line poker legally in India.

    Buyer support, Texas Holdem movies, Texas Holdem rules and
    on-line poker hand rankings on the location supply the needed backing to the Texas Holdem participant.
    Barely different from Texas Holdem, Omaha is most popular among poker video games for the problem it affords.
    After successful completion of studying the fundamentals of poker, gamers are supplied with several poker strategies and ways to get an edge whereas
    taking part in poker on-line , as well as it seems to be very helpful while making necessary decisions.
    Earlier than he knew it, he was making much more money playing poker than he was at his day job as a
    business development manager. Delivers an extra-bizarre gaming experience to its gamers by providing distinctive
    on-line promotions corresponding to KQ Poker Hunt (KQPH) , Live
    Challenge Collection (LCS) and the KQ Online League (KQOL).

    Canada is taken into account to be one of many largest online poker markets
    on this planet. Poker followers are hopeful that the game will
    someday be recognized by the International Mind
    Sports activities affiliation, which can put it it alongside different thoughts-video games like Chess,
    Bridge and Draughts. These web sites convey all the information about poker in India as well as are
    spreading awareness of the poker recreation right here.
    At Perry4Law and Perry4Law’s Techno Legal Base (PTLB) we imagine that cyber regulation due diligence , Net middleman obligation and cyber due diligence for Indian corporations must be saved in mind by various e-commerce websites and players.
    My work this time round becomes a contact simpler as the leading
    poker web site in the world has opened shop in good ole Bharat.

    And in Gujarat, the excessive court is awaiting a response from the state government on the
    classification of poker. As essentially the most well-identified Indian poker player, and if every thing
    goes properly this week, a pleasant chunk of money shall be
    extracted back to the Motherland, the place it is Diwali, the one time of year when playing is untabooed and
    everyone gets drunk and loses their money playing Teen Patti, poker’s loud, crass cousin, mostly to a bunch of loud, crass cousins.

    In truth, a research means that four out of five poker
    players in the US use such medicine. Most casinos in India are therefore
    offshore, primarily in Goa, with Casino Royale and On line casino
    Delight being the large players in the meanwhile. We worth the security of our gamers playing at To
    guarantee a completely safe, secured in addition to a cushty gameplay,
    through the use of SSLv3/TLSv1 encryption algorithms, environment friendly collusion detecting strategies and
    real random quantity generation (RNG) we make sure that our gamers are playing safely in our web site.

    Since I mainly use Neteller, withdrawing is very easy as a result of I’ve the poker site deposit my winnings into my Neteller account that I then preserve to play in the future or switch to my checking
    account. OTP affirmation and different security measures are taken with a purpose to present most safety for our gamers.

    This makes it onerous to find out, for example,
    whether or not betting on a game of cricket is illegitimate in the identical manner as betting on the roll of a cube is likely to be.
    It may very well be argued that cricket betting is skill based, and subsequently not lined by the act,
    whereas betting on the roll of a dice is pure chance.
    Judging by the pattern the place Indian gamers passionately rush to play poker on-line
    in large numbers to play thrilling poker games on-line.

    If you wish to make Rupee deposits with a poker room
    run outside of India, there’s little doubt that Guess 365 is your best
    choice. An enormous group of Indian poker players throng these Indian poker sites now with Adda52 attracting the utmost
    Indian poker site visitors. The city with thriving and intensive poker circuit now has poker rooms/golf equipment that cater to all
    types of stakes, the common sport in most locations ranges from 25-50 to 50-a hundred
    with minimum purchase-ins starting from INR 2000 upwards.
    Rajeev Raut who has performed poker around the world since
    1997 carried ahead his passion for the game by
    opening this poker room in Silicon Valley of India.

    The fact is that the place any operator is funded from
    outdoors of India, it’s illegal to play on-line with that operator.

    In the event you like the concept of being able to point out off
    your expertise and test your luck with different gamers, you may actually get pleasure from our on-line rummy website, and earn some cash whereas having fun together with your on-line poker and
    rummy video games. India Poker Championship made a grand entry to the world of Poker in India in March 2013.
    As pointed out in Rounders (one other film based on poker), you do not get fortunate
    14 times or 10 times or even 6 occasions. A whole lot
    of professional players take part in online tournaments which rises the bar and makes the sport extra enjoyable.
    Now as the Supreme Court has refused to decide concerning the legality or illegality of running web sites of online poker, on-line rummy, online card video games,
    and so on, it is imperative that they comply with numerous techno authorized legal
    guidelines of India on this regard.

    Taking part in on-line poker at is a hundred% safe & safe as we comply with one of the
    best level of on-line safety with certifications from iTech and Alpha.
    Though it is tough to estimate the dimensions of India’s online poker
    business, in accordance with Agarwal, experiences last 12 months pegged it at about $110-120 million. So first off welcome to PokerNews India and we hope
    for loads of good things to happen with your presence
    in the niche however growing poker fraternity of this nation.
    On-line Poker in India started with lot of misguided perceptions on fair play,
    however caught on very quick particularly for gamers who can’t
    manage to journey for live games in cities the place the poker rooms are permitted.
    Is the world’s oldest and most nicely revered poker magazine and
    online poker guide.

    It’s turning into more and more extra frequent to see players from India at
    the remaining tables of one of the best on-line poker occasions.
    And at stake is a prize money of Rs 3.36 crore (which will be
    gained by a group with 9 gamers). A lot of the on-line poker
    websites in India are violating Indian authorized tips and could also be prosecuted
    as nicely inside the close to future. The websites we
    suggest have an extended historical past of providing a high quality service, making prompt funds and offering a quality
    expertise to players. It does not matter if you are an experienced participant or a novice, in Shahi India Poker
    we offer an actual experience to different levels! One of the issues they do distinguish between is
    something that does play a giant function in modern gambling
    legislation though, and that’s the excellence between games of skill and games of likelihood,
    with only the latter falling beneath the law.

    Named as Poker Sports League (PSL), this enterprise will contain three seasoned games fanatic:
    Dabur’s Amit Burman, Adda52’s Anuj Gupta and Pranav Bagai, who’s the founder of India Poker Legend.
    Poker still solely accounts for a small percentage of those casinos’
    earnings however things are slowly changing. Since poker is turning into a
    well-liked sport throughout the country, the government could chart out a formal regulatory framework for the
    sector. As an illustration, enjoying Texas Holdem as a free Poker recreation trains the players
    in observing the game, the players, understanding when to boost stakes and induce
    players to fold. The principle piece of laws regarding gambling
    in India is the Public Gaming Act of 1867.
    As a substitute, the court docket avoided the problem (paywall), saying that the unique case didn’t truly confer
    with enjoying Rummy for cash.

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