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<p>Joining CNBC Africa for a post-MPC panel analysis is Annabel Bishop, Chief Economist, Investec, Koketso Mano, Senior Economist for FNB and Reza Ismail, Head of Bonds at Prescient Investments.</p>


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Post-MPC Analysis: Kganyago keeps rates on hold

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<p>Joining CNBC Africa for this discussion are Professor Mark Nasila, Chief Data &#038; Analytics Officer, FNB Chief Risk Office, Charity Wayua, Director, IBM Research Africa, Vaughn Naidoo, GM: B2B Technology, MTN Centre of Excellence (CoE) and Venolan Naidoo, Lawyer, Fasken Law Firm.</p>


AI Africa: How AI can unlock South Africa’s economic potential

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<p>President Cyril Ramaphosa has made a call to South Africans to come together to support businesses and individuals hardest hit by the recent unrest. Well FNB has heeded the call by launching a range of relief measures for impacted individual and Business customers. FNB CEO,Jacques Celliers joins CNBC Africa for more.</p>


FNB CEO outlines measures to support businesses

FNB CEO outlines measures to support businesses, customers hit hard by unrest

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<p>There’s much anticipation about this afternoon’s monetary policy announcement with consensus showing that there is unlikely to be changes to borrowing costs. The rand has been slightly stronger this morning ahead of the interest rate announcement. which may be a good sign. Joining CNBC Africa for more is Miyelani Maluleke, Economist at Absa Corporate and Investment Banking and Siphamandla Mkhwanazi, Economist at FNB.</p>


Economists expect Reserve Bank to keep repo rate unchanged

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<p>FNB’s Consumer Confidence Index slipped to minus 13 points in the second quarter of 2021, from a position of minus 9 in the first quarter. This latest figure reflects depressed consumer confidence levels, particularly from low-income households. Mamello Matikinca-Ngwenya, Chief Economist at FNB joins CNBC Africa for more.</p>


SA Consumer Confidence slips in the second quarter

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<p>FBNQuest Manufacturing Purchasing Managers’ Index for Nigeria showed a decline to 51.1 index points in May from 53 points in April. FBNQuest PMI report notes that the persistent economic challenges have impacted consumer behaviour, hence the fragile consumer demand. Chinwe Egwim, Economist at FBNQuest Merchant Bank joins CNBC Africa for more.</p>


Nigeria’s PMI drops to 51.1 points in May

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<p>Most businesses are thought to have a ready succession plan but according to FNB that&#8217;s not necessarily the case. Joining CNBC Africa for more is Palesa Mabasa, Commercial Segment Head for Gauteng South West at FNB.</p>


FNB: Why succession planning is pivotal for small businesses

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<p>FNB has expressed optimism on the Africa Continental Free Trade Area. If successfully implemented, this will be the largest free trade area agreement in the world. Although the agreement offers massive opportunities for Africa, the bank notes that there is still much work to be done. Bobby Madhav, Head of Trade at FNB joins CNBC Africa for more.</p>


FNB: Why we are bullish on the AfCFTA

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<p>FNB’s normalised profit before tax saw a decline of 19 per cent year-on-year, for the six months ended December. Non-performing loans climbed by 26 per cent, as some customers continued to be impacted by economic strain. The bank posted a record 6 million digitally active customers. FNB CEO, Jacques Celliers joins CNBC Africa for more.</p>


FNB well-positioned for strong recovery despite COVID-19 headwinds

FNB well-positioned for strong recovery despite COVID-19 hurdles, says CEO Jacques Celliers

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<p>President Cyril Ramaphosa has promised to accelerate economic recovery and to implement reforms to create sustainable jobs and drive inclusive growth. In his State of the Nation Address last night Ramaphosa called for greater investment from business. Joining CNBC Africa to unpack the address is Mamello Matikinca, Chief Economist at FNB; Jeff Schultz, the Chief Economist at BNP Paribas South Africa and Alan Mukoki, CEO of the South African Chamber of Commerce and Industry.</p>


#SONA2021: Business reacts to President Ramaphosa’s SONA

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<p>As people embrace the work-from-home concept, trends in the housing market are changing. The preferences of home buyers are shifting, with people relying on technology more for work, education and connecting with loved ones. This will have implications on home prices in many locations. Joining CNBC Africa to discuss the changes in the housing market is Siphamandla Mkhwanazi, Senior Economist at FNB.</p>


Here’s how working remotely is impacting SA’s real estate sector

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<p>The Johannesburg Stock Exchange has listed another series of Exchange Traded Notes from FNB, granting investors exposure to eight different underlying assets.</p>


JSE expands its ETN offering

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<p>The Afrimat Construction Index showed depressed levels of construction activity in the first half of this year, but is there a construction sector recovery due in the months to come as the economy begins to gradually reopen. Joining CNBC Africa for this discussion is Geoff Nolting, Economist at FNB and John Matthews, President of Master Builders South Africa.</p>


How to revive SA’s construction sector post COVID-19

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<p>As the dust settles from South Africa’s emergency budget announcement, economist and ratings agencies have expressed their pessimism towards the finance minister Tito Mboweni’s ability to cut expenditure and deliver on his debt stabilisation plan. Joining CNBC Africa for this discussion are Mamello Matikinca-Ngwenya, Chief economist at FNB, Nicky Weimar, Chief Economist at Nedbank and Murtaza Moulvi, Head of Financial Markets at Standard Chartered Bank&#8230;.</p>


How will SA finmin Mboweni cut expenditure?


<p>A multi-billion rand loan guarantee scheme announced by South African President Cyril Ramaphosa last month is now officially in operation, with the assistance of the country’s major banks, including FNB, Investec, Standard Bank and Absa.</p>



<p>Ramaphosa announced the scheme as a measure to soften the blow of the <a href="https://www.cnbcafrica.com/videos/2020/05/13/how-african-economies-will-reawaken-from-the-covid-19-nightmare/">coronavirus pandemic </a>and national lockdown on banks as well as their individual and business clients.</p>



<p>The following statement provides more information:</p>



<p><strong>LOAN GUARANTEE SCHEME OPENS</strong></p>



<p>The Covid-19 loan guarantee scheme announced by President Cyril Ramaphosa in April will operate from today, 12 May 2020. The initial set of participating banks (Absa, First National Bank, Investec, Mercantile Bank, Nedbank and Standard Bank) are ready to accept loan applications from eligible businesses which bank with them.</p>



<p>The activation of the loan guarantee scheme follows the finalisation of legal details by National Treasury, the South African Reserve Bank and the Banking Association South Africa.</p>



<p>The loan guarantee scheme is an initiative to provide loans, guaranteed by government, to eligible businesses with an annual turnover of less than R300 million to meet some of their operational expenses. Funds borrowed through this scheme can be used for operational expenses such as salaries, rent and lease agreements, contracts with suppliers, etc.</p>



<p>Government and commercial banks are sharing the risks of these loans. Initially, the National Treasury has provided a guarantee of R100 billion to this scheme, with the option to increase the guarantee to R200 billion if necessary and if the scheme is deemed successful. Eligible businesses should contact their primary or main banker.</p>



<p>More details on the scheme can be found in a Frequently Asked Questions guide posted at <a href="http://www.treasury.gov.za/">http://www.treasury.gov.za/</a>&nbsp; <a href="https://www.resbank.co.za/">https://www.resbank.co.za/</a> Pages/default.aspx and <a href="https://www.banking.org.za/">https://www.banking.org.za/</a>.</p>



<p>Further queries should be directed to the individual banks, which are administering the scheme.</p>



<p>Jointly issued by National Treasury, The South African Reserve Bank and The Banking Association South Africa</p>



<p>Date: 12 May 2020</p>



<p>For more coverage on COVID-19 visit: <a href="https://www.cnbcafrica.com/covid-19/">https://www.cnbcafrica.com/covid-19/</a></p>


Here’s how to apply for SA’s COVID-19 loan guarantee scheme

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<p>Due to the COVID-19 pandemic putting financial strain on individuals, many South African banks are offering customers a three-month payment holiday on their debt. This however, may not be a viable option for small businesses as a term extension on loans may cause more harm than good. FNB has now created a Cashflow Relief Plan instead which will serve to be more cost effective than a straight term extension on loan repayments, joining CNBC Africa for more is Doret Jooste, CEO of FNB Retail Money Management.</p>


FNB Cashflow Relief Plan: How will it work for small businesses?

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<p>Joining CNBC Africa to discuss the mix of global and local market news is Edgar Mafoko, Investment Portfolio Manager at FNB.</p>


FNB

Post-MPC Analysis: Kganyago keeps rates on hold

AI Africa: How AI can unlock South Africa’s economic potential

FNB CEO outlines measures to support businesses, customers hit hard by unrest

Economists expect Reserve Bank to keep repo rate unchanged

SA Consumer Confidence slips in the second quarter

Nigeria’s PMI drops to 51.1 points in May

FNB: Why succession planning is pivotal for small businesses

FNB: Why we are bullish on the AfCFTA

FNB well-positioned for strong recovery despite COVID-19 hurdles, says CEO Jacques Celliers

#SONA2021: Business reacts to President Ramaphosa’s SONA

Here’s how working remotely is impacting SA’s real estate sector

JSE expands its ETN offering

How to revive SA’s construction sector post COVID-19

How will SA finmin Mboweni cut expenditure?

Here’s how to apply for SA’s COVID-19 loan guarantee scheme

FNB Cashflow Relief Plan: How will it work for small businesses?

SA announces R500bn COVID-19 economic stimulus package

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FNB

Post-MPC Analysis: Kganyago keeps rates on hold

AI Africa: How AI can unlock South Africa’s economic potential

FNB CEO outlines measures to support businesses, customers hit hard by unrest

Economists expect Reserve Bank to keep repo rate unchanged

SA Consumer Confidence slips in the second quarter

Nigeria’s PMI drops to 51.1 points in May

FNB: Why succession planning is pivotal for small businesses

FNB: Why we are bullish on the AfCFTA

FNB well-positioned for strong recovery despite COVID-19 hurdles, says CEO Jacques Celliers

#SONA2021: Business reacts to President Ramaphosa’s SONA

Here’s how working remotely is impacting SA’s real estate sector

JSE expands its ETN offering

How to revive SA’s construction sector post COVID-19

How will SA finmin Mboweni cut expenditure?

Here’s how to apply for SA’s COVID-19 loan guarantee scheme

FNB Cashflow Relief Plan: How will it work for small businesses?

SA announces R500bn COVID-19 economic stimulus package

News Tips

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