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Why business should not throw in the towel in the face of COVID-19

“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,”

COVID-19: Trump hold on finances would hurt our work in Africa – WHO.

"If that decision is made it would severely impact our work here in Africa,” says Moeti.

COVID-19 kills 500 Africans says WHO – and why it could be a lot worse than we know.

“We now have 44 African countries in the WHO region, sub-Saharan Africa, including Algeria, who are testing. In most of these countries there is urgent need to move testing beyond capital cities. We are also facing very much challenge of procurement and supply of equipment,”

Op-Ed: Mozambique – Islamist militants continue attacks in Cabo Delgado

Islamist extremist militants have carried out a spate of attacks targeting villages in the northern Cabo Delgado province on April 6 and 7.

South Africa’s Sasol cuts production, sales target due to COVID-19 lockdown

South African petrochemicals giant Sasol Ltd on Wednesday cut its guidance for synthetic fuel production and liquid fuel sales for this financial year due to a three-week nationwide lockdown linked to coronavirus.

How COVID-19 cooked the golden goose – The SA chef who went from golden days to zero.

“The smaller jobs would cover your costs and a big corporate gala dinner, with 200 people, would be the cherry on top,”

SMME grocery stores permitted to operate during South Africa’s COVID-19 lockdown

South Africa’s Minister of Small Business Development, Khumbudzo Ntshavheni, has issued directions aimed at helping SMMEs operating grocery stores in the country, including corner shops, spaza shops and fruit and vegetable stores, comply with the government’s COVID-19 lockdown regulations.

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.

South African COVID-19 Tourism Relief Fund open for applications

In a bid to mitigate the impact of COVID-19 on South Africa’s tourism sector, the Department of Tourism is urging eligible small, micro and medium-sized enterprises (SMMEs) to apply for a share of the R200 million Tourism Relief Fund.

Prudential Authority offers relief measures, guidance to South African banks amid COVID-19 crisis

As households and businesses in South Africa struggle to cope with the current economic turmoil and uncertainty brought upon by the COVID-19 pandemic, the Prudential Authority (PA) has welcomed the measures taken by banks to support their customers financially.

South African banking index falls over 4% after SARB advises against dividends

South Africa’s banking index opened 4.3% lower on Tuesday, a day after the country’s central bank said it had advised lenders not to pay dividends or bonuses amid the coronavirus outbreak.

Fitch on adapting ratings methodology for COVID-19

On Friday ratings agency Fitch downgraded South Africa further into junk status saying government didn’t have a clear plan to stabilise rising debt levels. However, institutions like the IMF say African countries should be allowed to increase debt to GDP ratio’s to contain the economic fallout from Covid19. Should ratings agencies therefore revise their methodology to adapt to Covid19 times? Jan Friederich, Head of Middle East and Africa Sovereign ratings at Fitch joins CNBC Africa for more.

FNB extends aid for battling SMEs in South Africa amid COVID-19, lockdown

Amid the global COVID-19 pandemic and 21-day lockdown faced by South Africans, First National Bank has announced additional measures to assist small and medium-sized enterprises battling with funding in the country.

Siemens donates R500, 000 towards fight against COVID-19 in South Africa

In a bid to help alleviate the impact of COVID-19 in South Africa, the Southern and Eastern African division of the multinational conglomerate, Siemens, has donated R500, 000 to the Solidarity Response Fund.

Telkom, Samsung team up with South African government to track those with COVID-19

South Africa’s Telkom, Samsung and the government have teamed up to develop a track and trace database to identify the whereabouts of people who may have contracted coronavirus.

Lockdowns, curfews and doorstep testing: Africa’s crackdown on the coronavirus

By: Elliot Smith KEY POINTS The Africa Centers for Disease Control and Prevention (Africa...

South Africa’s Quantum Foods warns of 38% drop in first-half profit

South African feed and poultry company Quantum Foods said on Thursday half-year earnings could fall as much as 38%, partly due to a margin squeeze in its egg business because of lower selling prices.

South Africa needs ‘hundreds of thousands’ of COVID-19 tests – Health Minister

South Africa needs to conduct “hundreds of thousands” of coronavirus tests to understand the true number of infections and halt their spread, Health Minister Zweli Mkhize said on Wednesday.

South African Transport Minister rescinds 100% taxi capacity

South African Transport Minister Fikile Mbalula has rescinded his earlier decision of allowing taxis to carry a full load of passengers.

South Africa’s lockdown taxi regulations revised

“Public transport remains one of our biggest risk areas in the spread of the virus. We must therefore do everything in our power to protect both the citizens who rely on public transport and those who operate the system from exposure and possible infection,” reads the statement by South Africa’s Department of Transport.

Discovery, Vodacom set up online COVID-19 consultation service

South African insurance company Discovery and mobile operator Vodacom are teaming up to offer a free, online doctor consultation service to all South Africans with coronavirus-related concerns.

Our top share picks for the brave investor: Finding opportunities in times of adversity

“In times of extreme market volatility (and corrections), it is often unnecessary for investors to look far down the quality curve to find attractive opportunities that will generate significant returns in future. This is oftentimes the correct strategy as those economic uncertainties causing market volatility can have far more dire consequences for lower-quality businesses,” writes Stephán Engelbrecht, Fund Management.

Mary Oppenheimer and daughters donate R1 billion to COVID-19 Solidarity Fund

“We join all South Africans in expressing our profound hope that, together, we can overcome this grave challenge to our country and to the world,” writes Mary Oppenheimer and daughters.

Moody’s places Angola’s B3 ratings on review for downgrade

Moody's Investors Service ("Moody's") has today placed Angola Government's B3 long-term issuer ratings and senior unsecured rating and its (P)B3 senior unsecured MTN rating under review for downgrade. The short-term issuer rating is affirmed at Not Prime (NP).

The impact of COVID-19 lockdown on tax and unemployment related matters

The COVID-19 21-day lockdown, imposed by South African President Cyril Ramaphosa on Thursday, 16 April 2020, will have an impact on tax and unemployment-related matters.

The African billionaire who wants COVID-19 to bounce off business

“It was actually a word from my grandson, Sam, that said we have been privileged for quite some time as South Africans and in a crisis like this you need to give something back to the country"

Harmony Gold sees lower gold production during 21-day lockdown

Harmony Gold Mining Company said on Tuesday that it expects limited gold production during the 21-day lockdown in South Africa in the wake of the fast-spreading coronavirus.

Developing nations need $2.5trn to fight COVID-19, here’s how the money can be raised

Developing nations need an additional $2.5 trillion on top of recently announced stimulus measures to fight the economic blow from the coronavirus. That’s according to a United Nations report launched today. The report outlines ways in which that money can be raised. Richard Kozul-Wright, who was part of the research, joins CNBC Africa for more.

Op-Ed: Victor Oladokun on why Africa urgently needs an Ubuntu Plan

“Africa urgently needs a globally coordinated Ubuntu Plan in response to COVID-19, a fiscal stimulus that recognises our shared and connected humanity, as we find ourselves in the midst of an unprecedented crisis,” writes Victor Oladokun.

AfDB President bids farewell to Victor Oladokun, Director of Communication

“Victor joined the Bank two and half years ago, and has provided exceptional leadership on communication. He has led an outstanding team,” writes African Development Bank President, Dr Akinwumi Adesina.

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How Amazon Sellers Are Supplying Hospitals And First Responders

Amid massive shortages, Amazon is only allowing hospitals and government agencies to order items like N95 masks and COVID-19 diagnostic kits. Now, third-party sellers on Amazon are stepping up to help, and repositioning their small businesses to surv

Why business should not throw in the towel in the face of COVID-19

“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,”

SA extends lockdown by two weeks until end April

South Africa's President Cyril Ramaphosa on Thursday evening extended the country's lockdown by two weeks until the end of April to slowdown...

COVID-19: Trump hold on finances would hurt our work in Africa – WHO.

"If that decision is made it would severely impact our work here in Africa,” says Moeti.

Update on Rupert family’s R1bn COVID-19 fund

This week Johann Rupert’s R1billion Sukuma fund had to close doors on desperate small businesses wanting help to fight the impact of COVID-19 lockdowns.