Op-Ed: COVID-19 is a huge threat to Africa’s off-grid energy sector and its millions of customers – here’s what needs to be done
While 840 million people still live without electricity and a further 1 billion live without a reliable electrical supply, significant progress has been made in recent years on expanding energy access globally. But without urgent action, off-grid energy could essentially be wiped out
Planes dropped bombs from the blue, artillery shelled suburban houses, riflemen fought street battles, snipers fired from bedroom windows and tanks rumbled through the suburbs.
South African President Cyril Ramaphosa has tested negative for coronavirus, the presidency said in a statement on Thursday.
In a live television broadcast after a special cabinet meeting, Ramaphosa said the outbreak, first detected on March 5, could have a significant and “potentially lasting” impact on a struggling economy, which is already in recession.
SA’s President Cyril Ramaphosa releases the Judicial Commission of Inquiry into Public Investment Corporation report
By Presidency RELEASE OF THE REPORT OF THE JUDICIAL COMMISSION OF INQUIRY INTO PUBLIC INVESTMENT CORPORATION
Moody's warns "even if the government achieves its planned spending restraint, the government's projected primary deficit of 1.1% of GDP by fiscal 2022 would still be too wide to stabilize the debt burden."
South Africa’s largest trade union federation COSATU said on Wednesday that it would not allow workers’ wages to be slashed, after Finance Minister Tito Mboweni used a budget speech to promise cuts to the public sector wage bill.
All eyes were on Tito Mboweni for this budget as investors sit on the edge of their seats for the upcoming Moody's rating which, prior to the budget being delivered, was suspected to be a downgrade. Has that changed? And what is the view of other ratings agency's to South Africa's spending and collection plans. Join this CNBC Africa panel of experts as they unpack Finance minister Tito Mboweni's 2020 budget speech....
Finance Minister Tito Mboweni says South Africa's income tax system is progressive and the adjustments reflect this. Mboweni announced some declines in personal income tax. But as much there may be tax relief, sin taxes have again gone up- so what does this budget mean for you and your wallet? Samke Mhlongo, Founder & Chief Executive of Next Chapter, Ricardo Teixeira, Chief Operating Officer, Wealth Advisers BDO and Zweli Mabhoza Founder and Director, Priority Tax Solutions join CNBC Africa for more....
The biggest thorn in South Africa's side are its state owned enterprises - Eskom and South African Airways in particular. Are we throwing scare resources down a drain? Makgopa Tshehla, Professor for Financial Management of the Unisa Graduate School of Business Leadership, Maarten Ackerman, Chief Economist at Citadel and Abdullah Verachia from Gibs and CEO of The Strategists join CNBC Africa for more....
Vusi Thembekwayo, CEO of My Growth Fund, Steven Schultz, CEO, Momentum Securities and Xolile Sizani, Group CEO of Servest join CNBC Africa to dig deeper into finmin Mboweni’s 2020 budget speech....
Join this CNBC Africa panel of experts as they unpack Finance minister Tito Mboweni's 2020 budget speech....
CNBC Africa delves deeper into Finance minister Tito Mboweni's 2020 budget speech with Muneer Hassan, Senior Lecturer: Taxation, UJ, Stephen Meintjes, Head of Research at Momentum Securities and Nolwandle Mthombeni, Investment Analyst, Mergence....
Finance Minister Tito Mboweni presented his 2020 Budget with little room to manoeuvre. The speech provides insights on the state bank, growth and tax....
Minister of Finance Tito Mboweni has decided to cut the strained South African consumer some slack this year.
The national treasury has acknowledged that the risk to South Africa remaining investment grade has become more pronounced.
South Africa's Finance Minister Tito Mboweni provides insights on the state bank, growth and tax.
In order to achieve our common goal of combatting energy poverty, it is crucial that the industry and governments come together to adopt new ways of accelerating energy access.
The production of lead batteries is growing rapidly in Africa as the market for lead batteries expands however the industry is causing extensive contamination.
Before South Africa's President Cyril Ramaphosa uttered a word in his State of the Nation Address in Parliament in Cape Town the proceedings were thrown into chaos.
South Africa’s Eskom has offered some managers voluntary severance packages, capping costs at 400 million rand ($26.8 million), a communique sent to staff by the struggling power utility showed.
Nic Wolpe, the son of struggle lawyer Harold Wolpe, who spent most of his life in political exile in London, recalls the moment Nelson Mandela was released and what it meant for his family.
Recycling precious metals and minerals from used electronics can help make today's consumption patterns more environmentally sustainable writes Christopher Kaminker, Head of Sustainability for Lombard Odier Bank
Thirty years after Nelson Mandela was released on a balmy autumn afternoon near Cape Town the question in many minds is what would he have made of the political and economic reality he dreamed of on that day? It is a question ever more pertinent with every anniversary.
South Africa is planning to create a new power generating company separate from struggling state-owned utility Eskom to boost energy security, senior officials said on Thursday.
Op-Ed: How Africa can seize the billion-dollar solar opportunity & unlock the potential of underserved communities
This is how we can create the urgency that will drive more global private-public partnerships and help deliver electricity to the 600 million people living without it across Africa.
Africa must lead with people-centered climate action, argues Ngozi Okonjo-Iweala.
The United Nations World Food Programme said on Thursday that a record 45 million people in the 16-nation Southern African Development Community faced growing hunger following repeated drought, widespread flooding and economic disarray.
“I would like to appeal to all large businesses not to resort to force majeure and stop paying their suppliers and rental commitments , as such practice has a domino effect on all other businesses dependent on that chain,”
"If that decision is made it would severely impact our work here in Africa,” says Moeti.
The World Bank expects COVID-19 to cost Sub-Saharan Africa up to $79 billion in lost output in 2020, plunging the region into its first recession in a quarter of a century. World Bank’s Chief Economist for Africa, Albert Zeufack joins CNBC Africa for more.