Zimbabwean troops and police on Tuesday tightened the coronavirus lockdown in the capital Harare, blocking many cars and buses from entering the central business district as cases of infections increased.
On this day 13 years ago, a dream turned to reality. On June the 1st 2007 CNBC Africa was born after many months of preparations, hard work and research. It was destined to become the largest aggregator of business news in Africa, going to 16 million households in 48 countries in Africa. It has interviewed presidents, world leaders, economists, bankers and billionaires. Two men worked tirelessly to launch CNBC Africa entrepreneurs Rakesh Wahi and Zafar Siddiqi and Zafar Siddiqi the Co-Founder and Chairman of ABN Group speaks about the channel he created.
Research shows that children have a lower rate of contracting the Coronavirus and bringing infections to the household. This should provide comfort to South African parents that are in two minds about sending their kids back to school next week, when physical teaching is set to resume. Epidemiologist, Dr Boshoff Steenekamp joins CNBC Africa for more.
On Tuesday, May 26, authorities in Zimbabwe charged three activists from the opposition Movement for Democratic Change-Alliance (MDC-A) with breaching the country’s lockdown regulations, nearly two weeks after they were allegedly abducted and brutalised after being taken into police custody.
Energy, Environment & Climate Change
Work at the Deep Earth Station is likely to see the biggest influx of people and equipment into Majtiesfontein since the Anglo-Boer War when it was home to British 12,000 troops.
The United Nations agency has launched a new COVID-19 Self-Diagnostic Application and Predictive Modelling digital tool for South Africa. The collaboration between the United nations Institute for Training and Research and other organisations in South Africa will be used by the Department of Health to ramp up testing and allow exhaustive health resources to use digital technology to help in the fight against Covid-19. Zviko Mudim, Operations Executive of the Rali and Mokentse Mampeule Foundation, one of the South African originations that helped to create this technology joins CNBC Africa for more.
On Wednesday, South African Finance Minister Tito Mboweni announced the appointment of Abel Sithole as the Chief Executive Officer of the Public Investment Corporation (PIC) and Executive Director on the Board of Directors.
South African Health Minister Zweli Mkhize has clarified the government’s decision around the relaxation of lockdown restrictions and the classification of COVID-19 “hotspots”.
The Covid-19 pandemic has far-reaching economic ramifications on the productivity and profits of many industries without the exception of the mining industry. For more than a century mining was a flourishing industry in South Africa. In 2019 it contributed close to R361 billion or 8.1 per cent to SA’s GDP and over R91 billion to fixed investment. It employed 454,861 people and paid R24.3 billion in taxes. Since early March, the mining industry’s average share price has dropped 10 per cent and individual companies have lost 30 to 50 per cent of their market value. Is mining too deep in the Covid-19 crisis? How can the mining industry pave the way to total recovery and become the sunrise industry it wants to be?...