CNBC Africa, Forbes Africa scoop Sanlam Awards


South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug

South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.

FNB confirms measures to help customers impacted by COVID-19

“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.

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Paul Tambyah, professor at the Department of Medicine at NUS, hopes that warmer weather may bring some respite from the coronavirus outbreak.

South Africa’s top journalists were again honoured on Wednesday at The Sanlam Awards for Excellence in Financial Journalism. Among them were two of ABN Group’s best – Aviwe Mtila of CNBC Africa and Ancillar Mangena of Forbes Africa.

Mtila, who won Best Newcomer Award has been a broadcast financial journalist for almost two years. Seldom in broadcast financial journalism is exceptionalism displayed in such a short period of time but this is precisely what Mtila has achieved, says Monique Vanek, CNBC Africa’s Editor. “Mtila has developed an exceptional ability to tell stories visually and simply – going the extra mile to do so,” she adds.

Mtila won his award for:

Mangena who won Best Newcomer last year, this year took home the African Growth Story prize. Mangena hails from Bulawayo, Zimbabwe and has worked for Forbes Africa and Forbes Woman Africa for just over two years during which time she has won seven awards.

Mangena’s award was for her portfolio of work on Zimbabwe’s economy and #ThisFlag and #ShutDownZim2016 campaigns as well as FORBES AFRICA 30 under 30 2016.

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COVID-19: How African countries can insure against outbreaks

The Africa Risk Capacity is a specialised Agency of the African Union and they are currently undertaking an urgent exercise to model the potential impact of the coronavirus on Africa to inform and guide member states. This modelling according to the ARC will look into the likely short-term and medium-term effects of the pandemic on the continent as well as how to mitigate these shocks. Mohamed Beavogui, Director General and United Nations Assistant Secretary General, African Risk Capacity joins CNBC Africa for more insight into this.
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