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
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 African President Cyril Ramaphosa won a court case against the anti-corruption watchdog on Thursday over a matter concerning ally Pravin Gordhan, ahead of a fresh battle over findings against the president himself.
Public Protector Busisiwe Mkhwebane, who investigates allegations of wrongdoing by state officials, told reporters that Ramaphosa had violated the constitution and breached the executive code of ethics.
While holding corrupt leaders accountable sends a powerful message, if Ramaphosa’s long-term strategy does not include investments in innovations that lead to prosperity creation, he’s effectively snipping the buds while the roots remain intact.
The ANC seems divided after Secretary General Ace Magashule told a news conference on Tuesday that the party’s executive had “agreed to expand the mandate of the South African Reserve Bank beyond price stability to include growth and employment however senior ANC economic official Enoch Godongwana said there was “no decision” to expand the bank’s mandate.
“In recent weeks, the South African Government, business community, philanthropists and society at large have shown remarkable unity in a joint effort to protect our country against the impact of COVID-19,” writes FNB Chief Executive Officer, Jacques Celliers.
President Muhammadu Buhari says he has directed the Minister of Industry, Trade and Investment to work with the Manufacturers Association of Nigeria to ensure that all production of essential items such as food, medical and pharmaceutical products continues unhindered. Mansur Ahmed, President of the Manufacturers Association of Nigeria joins CNBC Africa for more.
CNBC Africa spoke to Neels Barendrecht, Chairman of Agility Holdings and Director of Agility Risk Solutions in Singapore on his journey of self-isolation and working from home, Neels travelled to Singapore before the pandemic saw travel bans and the national lockdown and he shares tips on how to work effectively from home and taking the correct steps to self-isolation.
Tim Adams, CEO of the Institute of International Finance, says sovereign and corporate debt levels "are going to explode" because of the coronavirus crisis.
One of the businesses that will be hugely impacted by the COVID-19 lockdown is the franchise industry. Restaurant owners, beauty spa’s and chain businesses that are not essential suppliers have effectively been closed since Friday the 27th of March and will remain closed without staff, customers and supply until the lockdown is lifted. So how will the lockdown and slowdown in foot traffic hurt the South African franchise industry in 2020? Vera Valasis, Executive Director of the Franchise Association of South Africa joins CNBC Africa for more.