Media Archive
Selected media coverage and published commentary
Past perspectives.
Current relevance.
Selected articles and media coverage from across my advisory career, covering financial risk, hedging, infrastructure and investment markets. Many of the issues explored in these pieces remain relevant to transactions today.
Real Estate FX Hedging in Sub-Saharan Africa
Originally published in Ai Finance/JCRA,2017
Revisited in 2026: African FX Risk - What Has Changed, and What Hasn't
Many of the practical challenges identified in 2017 remain surprisingly familiar. I revisit the original article from the perspective of today’s African investment and infrastructure markets.
Renewable Energy Investment in South Africa
Originally published in Engineering News, 2017.
Engineering News - Renewable Energy Investment 2017
Industry leaders warn of loss in investments in renewables sector
Revisited in 2026: South African Renewables - From Investment Uncertainty to an Established Asset Class
Nearly a decade after uncertainty threatened South Africa's renewable-energy programme, I revisit how the market has evolved - and why execution, financial close and financial risk now matter more than ever.
When Geopolitical Risk Hits the Oil Market
Originally published in Reuters in 2019
Revisited in 2026: When Geopolitical Risk Hits the Oil Market - What Has Changed, and What Hasn't
What seven years of energy-market shocks tell us about corporate hedging.
Debtwire | 30 August 2019
Green bonds offer hope for African climate investment
Lionel Kruger was interviewed on the development of Africa’s green-bond market, including DFI support, secondary-market liquidity, regulatory constraints and institutional investment.
IFA Magazine | August 2019
Emerging markets - what's going on?
Lionel Kruger commented on weakening emerging-market currencies and equities, slowing global growth, interest-rate cuts and the impact of US–China trade tensions on emerging economies.
The Telegraph | July 2019
Gulf tensions and oil-market risk
Lionel Kruger commented on the impact of escalating Gulf tensions on oil prices and financial markets.
The Armchair Trader | 2 July 2019
Emerging markets: BRICS in the same boat.
Lionel Kruger examined slowing growth across the BRICS economies, including policy credibility, trade tensions, central-bank independence and the structural challenges facing South Africa.
Milano Finanza | June 2019
Italy, fiscal policy and sovereign-market risk
Lionel Kruger commented on tensions between Italy and the EU over fiscal policy, and the implications for investor confidence and the BTP-Bund spread.
