CNBC Africa is joined by the CEO for Siemens Southern and Eastern Africa, Sabine Dall’Omo. With the South African economy in need of recovery after the fall from the initial high of "ramaphoria", she joins me to speak about their contribution to rebuilding the country's National development Plan. https://www.cnbcafrica.com/videos/
Eskom implemented load-shedding last week when its workers went on a strike demanding a salary increase. Wage talks resumed on Tuesday and the power utility has since made a 4.7 per cent increase offer. Joining CNBC Africa to discuss these new developments at Eskom is the utility's Spokesperson, Khulu Phasiwe. https://www.cnbcafrica.com/videos/
On the back of the conclusion of the International Monetary Fund's 2018 Article IV Consultation with Cote d’Ivoire, the Bretton Woods organisation has approved a 136.6 million dollar disbursement with Cote d’Ivoire. The IMF also expects the country's strong economic growth to continue this year. Ayalanesh Tafesse, Country Risk Analyst at RMB joins CNBC Africa to give an economic outlook for the country. https://www.cnbcafrica.com/videos/
The rand has plunged to its lowest level in more than six months, when Jacob Zuma was president, as tit-for-tat trade tensions between China and the US continue. This is not the only turn of events putting the South African economy under pressure. CNBC Africa is joined by Annabel Bishop, Chief Economist, Investec. https://www.cnbcafrica.com/videos/
The South Korean cryptocurrency exchange Coinrail reported that it was hacked over the weekend, sparking a fall in bitcoin amid renewed concerns about security at virtual currency exchanges. Joining CNBC Africa to discuss the vulnerability of bitcoin exchange security is Ran Neu-Ner, Founder and CEO of Onchain Capital and host of CNBC Africa's Crypto Trader. https://www.cnbcafrica.com/videos/
Political Capital his joined by Zanu Pf Spokesperson Kennedy Mandaza and MDC Alliance Spokesperson Kumbirai Muchemwa, as they face off to discuss Zimbabwe’s upcoming elections scheduled to be held on 30 July 2018. These will be the first elections without Robert Mugabe at the helm.
A recent report by GSMA says the mobile ecosystem in West Africa contributed 37 billion dollars in 2017, which is equivalent to 6.5 percent of GDP. GSMA estimates that mobile will contribute 51 billion dollars to the West African economy by 2022 - that is equivalent to 7.7 per cent of West Africa's GDP. Akinwale Goodluck, Head of Sub-Saharan Africa at GSMA joined CNBC Africa to shed more insight on this. https://www.cnbcafrica.com/videos/
Nigeria's President Muhammadu Buhari is expected to sign Nigeria's 9.12 trillion naira budget into law at noon today. This comes seven months after the president initially presented the budget to the National Assembly. Chamberlain Peterside, Managing Director and CEO of XCELLON Capital Advisors joins CNBC Africa to discuss this story. https://www.cnbcafrica.com/videos/
Moody's Investors Service says higher oil prices and fiscal consolidation efforts are expected to contain Nigeria's budget deficit at 2.6 per cent this year. Aurelien Mali, Vice President and Senior Credit Officer at Moody's joins CNBC Africa to discuss Nigeria's continued dependence on oil and gas revenues and the risks associated with it in the near, medium and long-term. https://www.cnbcafrica.com/videos/
Ahead of OPEC's meeting on Friday, Saudi Arabia and Russia are pushing the oil cartel to raise oil output steeply from July to meet the growing demand and cover the supply outages from Venezuela and Libya. Nosike Nwajide, Analyst at Financial Derivatives joins CNBC Africa for an outlook for oil and its likely impact on the Nigerian economy. https://www.cnbcafrica.com/videos/
Sustainable investing is fast becoming a mega-trend that cannot be ignored; it seeks to drive a positive social or environmental impact alongside financial results. Acronyms, used by investors can be very confusing; SRI for example has had various connotations since the 1970s. For more CNBC Africa’s Gugulethu Mfuphi’s chats with guests, Andrew Dittberner, Chief Investment Officer, Private Client Securities, Old Mutual Wealth, and Aileen Campbell, Chief Investment Officer at Adviceworx.
Africa will have to capture the informal trade in order to grow economies. In South Africa, the informal sector makes up a large portion of the economy – involving 2.9 million people which translates to just over 17 per cent of employment in the country. Joining CNBC Africa to understand the economic impact of informal markets is Ben Leo, CEO of Fraym and ex Director of African Affairs at the White House. https://www.cnbcafrica.com/videos/
In the future, will the motives behind mobility be more rational than emotional? For more on providing solutions for mobility for diverse markets CNBC Africa spoke to Brian McKay, Director of Continental East Africa. https://www.cnbcafrica.com/videos/
The Nigerian Railway Corporation has given approval for the commencement of commercial operations of the Abuja Light Rail project in the country's federal capital Territory. Anthony Eke, Acting Divisional Head: Infrastructure and Transport at Diamond Bank joins CNBC Africa for an update on Nigeria's plans to upgrade its transport networks. https://www.cnbcafrica.com/videos/
Conrad Wood, Head of Fixed Income at Aluwani Capital Partners spoke to CNBC Africa about how South African bond markets are vulnerable to changes in global financing conditions. https://www.cnbcafrica.com/videos/
According to a recent report by PWC Nigeria, lower oil prices, disruptions to oil production, political instability and heightened insecurity are Nigeria's near term risks. As the second half of 2018 approaches, Jude Monye, President of the Risk Managers Association of Nigeria joins CNBC Africa to give a risk outlook. https://www.cnbcafrica.com/videos/
CNBC Africa joined by Mbulelo Mpofana, Co-Founder of Investure. He's here to tell us about their innovation in insuring your investments. They covers losses in share prices which are caused by things such as company scandals, executive misconduct or alleged shareholder deception.
CNBC Africa's Rofhiwa Madzena was at the Murray & Roberts general meeting, where shareholders voted on whether to proceed with its prospect to acquire 100 per cent of Aveng. https://www.cnbcafrica.com/videos/
The government of Rwanda deliberated on a strategy to develop the domestic industries hence increasing the importation tax on second hand clothes. This strategy is estimated to create over 25,000 jobs, increase exports to 43 million dollars and decrease imports to 33 million dollars by 2019. CNBC Africa filed this report.
The South African Revenue Service is hosting the tax experts and heads of tax administrations from BRICS member countries in Sandton this week. The focus is on contemporary tax issues which include the improvement of tax enforcement technology. Joining CNBC Africa for more is SARS Acting Commissioenr, Mark Kingon. https://www.cnbcafrica.com/videos/