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Moody’s to cut South Africa’s sovereign credit rating to junk – economists

Moody’s will cut South Africa’s sovereign credit rating later on Friday as a recession deepened by the impact of coronavirus frustrates economic reform efforts aimed at reducing government debt, a Reuters poll of economists found.

S.Africa COVID-19 cases exceed 1,000, first two dead reported

Cases of COVID-19 in South Africa passed 1,000 on Friday, the health ministry said, while also reporting its first two deaths on the first day of a three-week, nationwide lockdown.

Covid-19: Tax relief proposed by the President

The address by President Cyril Ramaphosa on Monday, 23 March 2020, set out certain fiscal relief measures to help small and medium enterprises (SMEs) and vulnerable firms mitigate cash flow constraints as a consequence of the COVID-19 outbreak.

Is a global debt crisis coming? | CNBC Explains

Total worldwide debt is expected to continue growing over the coming months, despite having just climbed to a fresh all-time high. Given the three previous waves of global debt accumulation have all ended with financial crises, CNBC’s Sam Meredith takes a look at the risks associated with the latest build-up. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi #CNBC #Debt #Economy...

Tracking Dr. Anthony Fauci’s Comments On Coronavirus

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, has been a key figure for the American public since the coronavirus outbreak began. Watch a timeline of his comments on COVID-19 as the outbreak turned into a g

Ramaphosa tests negative for coronavirus as South Africa to begin lockdown

South African President Cyril Ramaphosa has tested negative for coronavirus, the presidency said in a statement on Thursday.

Alexander Forbes’ Janina Slawski on lessons from past market plunges

The drastic fluctuations have caused panic and lots of anxiety. Despite all the market drama, investment firm Alexander Forbes says it’s important to remember that after every crash – there is a recovery. And this has been proven by history. Janina Slawski: Head of Investment Consulting, Alexander Forbes joins CNBC Africa for more?

Op-Ed: African giants to stumble due to Covid-19 pandemic

NKC African Economics expects the coronavirus-related knock to economic growth in Africa’s three largest economies alone to shave off 1 ppt from the continent’s GDP growth this year, from 3.8% to 2.8%.

NKC African Economists: COVID-19 shock to slow Africa’s growth to 1990 lows

The coronavirus economic shock is expected to plunge Africa to its weakest growth rate since the 1990s. That’s according to preliminary research from NKC African economics. Key sectors such as tourism, exports and trade are expected to get knocked inflating the continents challenges around unemployment and poverty. Francois Conradie, Senior Political Economist from NKC African Economists joins CNBC Africa for more.

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How The U.S. Fell Dangerously Behind In Coronavirus Testing

The deadly coronavirus pandemic has stopped the world in its tracks, and exposed a weak spot in the United States’ preparedness for a public health emergency. Experts say aggressive diagnostic testing is essential in order to learn where and how an

Abdul Samad Rabiu’s BUA Group pledges N1bn to fight COVID-19 in Nigeria

Entrepreneur Abdul Samad Rabiu's BUA Group has joined corporates and business leaders from Africa in donating money to fight the COVID-19 pandemic....

Tony Elumelu’s United Bank For Africa donates $14mn to COVID-19 relief across Africa, this is how it will be used…

Entrepreneur Tony Elumelu's UBA has joined corporates and business leaders from Africa in donating money to fight the COVID-19 pandemic. Below is...

Motsepe family & associates join Rupert and Oppenheimer families in donating R1bn to deal with COVID-19 pandemic

On Monday South Africa's President, Cyril Ramaphosa revealed that South Africa's richest families the Rupert and Oppenheimer families had each contributed ...

Government’s response to Moody’s downgrade of SA to junk status

Covid-19 and South Africa's downgrade to junk will truly test South African financial markets.