Home Southern Africa

Southern Africa

Here’s how Absa is planning to take you further into Africa than ever before

Now in its third year, the Absa Africa Financial Markets Index evaluates financial market development in 20 countries across the African continent and the improvements show the progress being made within the financial markets.

James Hedley on how ticketing company, Quicket is aiding African economies

Tech entrepreneurs play a vital role in developing economies as they respond to the real demands of economic job creation and opportunities. For more on how African tech entrepreneurship can be enhanced and utilised effectively to benefit the economy, James Hedley, Founder of Quicket joins CNBC Africa.

Cecil Chikezie on entrepreneurship, turning agricultural waste into sustainable energy

Cecil Chikezie figured out a way to turn agricultural waste into sustainable sources of energy by carbonating the waste and turning it into briquettes that can burn longer and with less carbon footprint than coal. CNBC Africa spoke to Cecil for more.

Patricia Chin-Sweeney gives entrepreneurial advice to start-ups in Africa

The Anzisha prize recognises young entrepreneurs from across the continent. And the young business people get a chance to learn from and network with industry leading experts chosen to help them along their entrepreneurial journey. Patricia Chin-Sweeney, Co-Founder and MD of IDEV Africa joins CNBC Africa for more.

Analyst responds to Sasol joint CEOs biting the dust

Sasol’s joint CEOs Bongani Nqwababa and Stephen Cornell voluntarily resigned following a review of its Lake Charles Chemicals project, which has been hit by delays and rising costs. Sasol’s share price has lost more than a third of its value in 2019 and has declared that they will not declare a dividend in this reporting period. Portfolio Manager at Benguela Global Fund Managers, Karl Gevers joins CNBC Africa for more.

Why Starbucks Is Struggling In South Africa

The first Starbucks in sub-Saharan Africa opened in 2016 through a partnership between South Africa's Taste Holdings and Starbucks. In November 2018, after opening 12 stores, Taste paused the rollout of new Starbucks locations. It said Starbucks wasn't making enough money to continue opening new locations. But Taste has a plan to get Starbucks back on track. In August 2019, the company started opening stores again with its 13th location.

Botswana polls open in first real challenge to ruling party

Whichever party wins will have to move swiftly to transform the economy, which since independence from Britain in 1966 has grown at 8% a year to become one of Africa's most successful, but now risks coming unstuck because of over-reliance on a single commodity - diamonds.

What you need to know about South Africa approving $4 billion bailout for debt-laden power utility Eskom

Crisis-hit South African power company Eskom was handed an additional 59 billion rand ($4 billion) lifeline by parliament on Tuesday, prompting criticism from opposition parties who described it as a "blank cheque".

Smart Mobility Through Integrated Transport System: The future of Gauteng’s transport system

Carbon tax, increase of traffic congestion and rising fuel cost - is there any alternatives to daily commuting? Tune into CNBC Africa as we take a look at alternative transport options and what the future could hold for us....

#TheHashtag: Billionaire Mark Cuban’s lessons for entrepreneurs & SA vs. Japan at #RWC2019

In #TheHashtag, Busi Lethole, CNBC Africa's social media correspondent, takes a look at the ‘biggest mistake’ people make when starting a business according to Billionaire Mark Cuban, Eskom implements Load Shedding, and Springbok’s to face Japan at the Rugby World Cup quarter-finals....

Op-Ed: The time is now for business to uplift society

Although the notion of shared value, CSI and businesses giving back to the communities in which they operate is nothing new, it is becoming more imperative for businesses

South Africa’s rand takes a tumble as Eskom plans nationwide power cuts

South Africa's rand tumbled after state power utility Eskom said it would implement nationwide blackouts for the first time in more than six months due to capacity shortages.

What is causing Zimbabwe’s food security and humanitarian crisis ?

A standard narrative has been that Zimbabwe has turned from “food basket” to “basket case” as 5.5 million people are estimated to be at risk of hunger.

Young Africans are ill-prepared to enter the job market as education worsens

The quality of education and training provided by African countries has worsened since 2014, leaving many of the continent's growing population of young people ill-prepared to enter the job market, an influential report said on Tuesday.

Why Africa Oil Week is the place for major national roadshows in the oil & gas sphere

Here are some highlights of the National Roadshows and Bidding Rounds happening this year at Africa Oil Week.

South Africa’s rand steady following signs of progress in U.S. – China trade talks

South Africa's rand inched slightly up in early trade on Monday, holding near a 3-week high it hit in the previous session, as risk sentiment strengthened following signs of progress in U.S.-China trade talks and a Brexit breakthrough.

SA households’ real net wealth up R300bn in H1 2019

The Household Wealth Index shows that South African households’ net wealth has increased over the first six months of 2019. This is according to the Momentum/Unisa Household Net Wealth Index. Professor Bernadene de Clercq joins CNBC Africa for more.

Op-Ed: While Mozambique’s Frelimo is the favourite it will be no cakewalk

Mozambique goes to the polls next Tuesday, October 15, against a backdrop of new investment plans that would significantly improve the country’s economic growth outlook, but also some concern over the possibility of conflict in what is guaranteed to be a disputed outcome.

Minister Nxesi on how to solve SA’s youth unemployment crisis

As South Africa grapples with high unemployment, business, labour and civil society are coming together to find solutions. CNBC Africa'a Kopano Gumbi spoke to the Minister of Labour Thulas Nxesi on the back of the Harambee Solutions Exchange conference.

U.S places Gupta brothers on sanction list

The United States Treasury has added Atul, Ajay and Tony Gupta to its sanctions list as “members of a significant corruption network in South Africa” that looted state coffers. The family has been accused of state capture as a consequence of their close relationship with former President Jacob Zuma. CNBC Africa's Karabo Letlhatlha spoke to the Acting Ambassador to South Africa, David Young.

Here’s why Zimbabwe has quadrupled its electricity prices

Zimbabwe has increased the average electricity tariff by 320%, the national energy regulator said on Wednesday. The jump in power costs will further anger Zimbabwean citizens who have in the last week seen sharp rises in fuel and basic goods prices.

The second edition of the #AfricaInvestmentForum, a game-changer to tilt capital flow into the continent

There is an urgent need to bridge the gap between Africa’s available capital and bankable projects. Although brimming with investment opportunities, financing Africa’s development needs will require between $200 billion and $1.2 trillion yearly.

How can South Africa harness technology in a way that helps fix its problems?

The South African government has shifted its focus and resources to the 4IR. And it’s been prioritised over more mundane, but essential, policy interventions aimed at ensuring the more equitable inclusion of the populace into a modern, digital economy.

Botswana’s economy expected to grow 4.3% in 2019

Botswana's economy is expected to grow 4.3% in 2019 and 4.6% in 2020, benefiting from a...

US gas giant Exxon to finalise LNG investment in Mozambique next week, what you need to know

U.S. energy giant Exxon Mobil will finalise its investment in Mozambique's lucrative liquefied natural gas fields in a signing ceremony on Tuesday, the African country's government said via state television.

#TheHashtag: 4 main paths to becoming a millionaire, Harry & Meghan head home

In #TheHashtag, Busi Lethole, CNBC Africa's social media correspondent, takes a look at the 4 main paths to becoming a millionaire, The Duke and Duchess of Sussex head home after visit to South Africa, Springboks’ victory over Italy at the Rugby World Cup and Nigerian President Muhammadu Buhari’s 3-day visit to South Africa....

South African consumers fall victim to ‘scam’ loans

Tired of being misled to apply for fake loans? Your lethargy could soon be over if Stellenbosch University Law Clinic's class action lawsuit in the Western Cape High Court against several loan lenders is successful. Joining CNBC Africa for more Prof Theo Broodryk, Associate Professor & Manager of the Law Clinic at Stellenbosch University.

How a young Windhoek lawyer felt compelled to take on the system

A new booked launched in Joburg this week, it promises to take the readers back into the dark days of struggle in Southern Africa. It's written by a judge in the supreme court of Namibia, David Smuts, and is a memoir of his battle as a young lawyer in the 1980s to speak truth to power during the desperate days of the country’s border war with Angola. He spoke to CNBC Africa’s Chris Bishop.

What you need to know about S.African government’s talks with coal miners to cut prices for struggling power utility Eskom

South Africa's mines and energy minister on Thursday said he was in talks with coal firms that supply struggling state-owned power utility Eskom to reduce coal prices in a bid to lower energy costs and boost the mining sector.

Local fashion designer gets the royal seal of approval

Earlier this week Tshepo Mohlala, Founder of Tshepo the JeanMaker was visited by a special customer as the Duchess of Sussex made a request for Tshepo’s denim creations. The local denim fashion designer joins CNBC Africa to share his entrepreneurial journey.


Rupert family fund oversubscribed; applications temporarily suspended

Applications for the Rupert family’s R1 billion small business fund, The Sukuma Relief Programme, which opened on Friday, have temporarily been suspended.

EOH Exco chop salaries by 25%; ask staff to cut by 20%

Technology group EOH narrowed its first half loss per share from continuing operations, while group revenue fell 14 per cent and costs rose. EOH CFO, Megan Pydigadu joins CNBC Africa for more.

SA launches green fund to drive investment into SMMEs

R488 million – that’s how much the Green Outcomes Fund has set aside for fund managers to increase investment in green Small, Medium and Micro-sized Enterprises. To discuss the fund - the first of its kind, CNBC Africa is joined by Tine Fisker Henriksen: Innovative Finance Lead, UCT GSB Bertha Centre and Mark van Wyk: Head of Unlisted Investments, Mergence Investment Managers.

Sarb guides banks to put dividends, bonuses on hold

South Africa’s Reserve Bank has guided banks to put dividends and executive bonuses on hold to help reduce stress on the banking sector from fighting Covid19. For more on this recommendation as well as other directives to ensure the health of the sector, CNBC Africa is joined by Unathi Kamlana, Head of Policy Statistics and Industry Support at the Prudential Authority.

Nigerian banking index gains but industrial goods sector declines

Investors are taking a keen interest in banking stocks today but the Industrial goods sector is facing a steep decline. Dare Fajimolu, Chief Research Officer at Blue Vertex joins CNBC Africa for a recap of today’s trade.