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<p>Kirill Lipa CEO of Transmashholding speaks to CNBC Africa about the decision to invest in South Africa’s transport sector on the sidelines of the BRICS summit.</p>


Why SA is an attractive investment destination for this Russian rail company

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<p>Dr Iqbal Surve, Chairperson, Brics Business Council outlines the need to use the Brics Summit as catalyst to deepen Africa’s integration and trade links.</p>


The role of Brics as driver for intra-African trade

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<p>Jian Wen, China Railway Group SA Representative gives insight on how the 4th Industrial Revolution will change the way Africa develops its infrastructure to meet the demands of its growing population.</p>


How the 4th Industrial Revolution can be used to meet Africa’s infrastructure needs

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<p>South Africa’s telecommunications sector is fast advancing with growth opportunities in connectivity infrastructure and internet penetration. Pan African telecoms group Liquid Telecom has major plans for South Africa and the rest of Africa, the CEO Reshaad Sha joins CNBC Africa for more.</p>


Liquid Telecom CEO Reshaad Sha on Africa expansion

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<p>Phumzile Langeni, CEO of the Afropulse Group outlines the role of South Africa in channelling investment into Africa at the 10th Brics summit 2018.</p>


Afropulse Group CEO Phumzile Langeni on what makes SA attractive to investors

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<p>African Rainbow Minerals Founder and Chairperson, Patrice Motsepe shares his thoughts on infrastructure development on the African continent at the 10th Brics summit 2018.</p>


Patrice Motsepe on the importance of developing Africa’s infrastructure

<p>Justina Crabtree</p>
<p>Source: <a href="https://www.cnbc.com/2018/07/25/china-xi-and-india-modi-lend-to-africa-ahead-of-brics-summit.html">China and India launch investment spree in Africa ahead of key summit</a></p>
<ul>
<li>Chinese President Xi Jinping and Indian Prime Minister Narendra Modi have committed loans to several African countries this week.</li>
<li>On Tuesday Xi pledged $14.7 billion to South Africa, while Modi announced that Uganda would receive $200 million.</li>
<li>China is far more prevalent on the African continent than India.</li>
<li>Both Xi and Modi will attend a three day BRICS summit in South Africa which starts on Wednesday.</li>
</ul>
<p><img loading="lazy" decoding="async" src="https://d16akly8855cs7.cloudfront.net/wp-content/uploads/2018/07/26140237/105351685-1532520817860gettyimages-1007053200.1910x1000.jpg" alt="" height="1000" width="1910" data-licensor-name="Sheng Jiapeng | China News Service | VCG"/></p>
<p>Chinese President Xi Jinping and Indian Prime Minister Narendra Modi have continued to lend in tandem to African countries ahead of a major emerging markets summit in Johannesburg, South Africa, beginning on Wednesday.</p>
<p>Xi, arriving in South Africa on Tuesday, pledged $14.7 billion of investment to the country.</p>
<p>His South African counterpart Cyril Ramaphosa is attempting to reboot the country’s economy after years of mismanagement and stagnation under former President Jacob Zuma. Ramaphosa’s target is to raise $100 billion in foreign investment.</p>
<p>The South African<br />
rand<br />
 rose 1 percent on the news of China’s commitment, according to Reuters.</p>
<p>$2.8 billion of China’s cash will be siphoned off into South Africa’s primary state utility Eskom. The struggling public firm reported a $171 million full-year loss on Monday.</p>
<p>Modi’s lending on behalf of India has been more modest, as the world’s fastest-growing major economy trails China’s ubiquity on the African continent.</p>
<p>During a flying visit to Uganda, Modi pledged $205 million to the East African country. The sum is intended to help Uganda develop its dominant agricultural sector and electricity distribution infrastructure.</p>
<p>‘Alternatives to the West’</p>
<p>Both Xi and Modi were in<br />
Rwanda<br />
 earlier this week, where a total of over $300 million was announced in loans. The money will develop the tiny, landlocked East African nation’s agriculture, roads and special economic zones.</p>
<p>Analysts CNBC spoke to read the news as Rwandan President Paul Kagame sending a defiant message to the U.S. over trade, amid an ongoing<br />
spat<br />
 over second-hand clothes.</p>
<p>TWEET</p>
<p>Among African countries, “China and India are viewed as alternatives to the West,” Anna Rosenberg, research director at emerging markets advisory firm Frontier Strategy Group, told CNBC via e-mail.</p>
<p>“Since economic growth has accelerated and interest from other emerging markets has picked up, African governments are glad to have more choice among those that are willing to support development efforts.”</p>
<p>While China’s ready capital dwarfs that provided by India, the latter country can share its technological advances with Africa, Munish Gupta, vice president of the India Chamber of Commerce, told CNBC Africa. “Today, China shares very little of its technology with the rest of the world,” he said.</p>
<p>Rosenberg added that given China’s prominence on the African continent, countries were “now well aware of the strings attached” to business deals. Meanwhile, “Africans are well exposed to Indian work culture,” she said, given that “there are many African/Indian run distribution companies across the continent, especially in East Africa, typically run by locals of Indian descent.”</p>
<p>Xi and Modi are to attend a three day<br />
BRICS<br />
 (Brazil, Russia, India, China and South Africa) summit, uniting the leaders of the bloc which encompasses the five emerging economies.</p>
<p>Brazilian President Michel Temer and Russian President Vladimir Putin will also be joining host Ramaphosa. Trade, given the current climate of U.S.-China import tariffs, is<br />
set to dominate the agenda<br />
.</p>
<p/>


China and India launch investment spree in Africa ahead of key summit

<p>Justina Crabtree</p>
<p>Source: <a href="https://www.cnbc.com/2018/07/25/china-xi-and-india-modi-lend-to-africa-ahead-of-brics-summit.html">China and India launch investment spree in Africa ahead of key summit</a></p>
<ul>
<li>Chinese President Xi Jinping and Indian Prime Minister Narendra Modi have committed loans to several African countries this week.</li>
<li>On Tuesday Xi pledged $14.7 billion to South Africa, while Modi announced that Uganda would receive $200 million.</li>
<li>China is far more prevalent on the African continent than India.</li>
<li>Both Xi and Modi will attend a three day BRICS summit in South Africa which starts on Wednesday.</li>
</ul>
<p><img loading="lazy" decoding="async" src="https://cdn.cnbcafrica.com/wp-content/uploads/2018/07/26140237/105351685-1532520817860gettyimages-1007053200.1910x1000.jpg" alt="" height="1000" width="1910" data-licensor-name="Sheng Jiapeng | China News Service | VCG"/></p>
<p>Chinese President Xi Jinping and Indian Prime Minister Narendra Modi have continued to lend in tandem to African countries ahead of a major emerging markets summit in Johannesburg, South Africa, beginning on Wednesday.</p>
<p>Xi, arriving in South Africa on Tuesday, pledged $14.7 billion of investment to the country.</p>
<p>His South African counterpart Cyril Ramaphosa is attempting to reboot the country’s economy after years of mismanagement and stagnation under former President Jacob Zuma. Ramaphosa’s target is to raise $100 billion in foreign investment.</p>
<p>The South African<br />
rand<br />
 rose 1 percent on the news of China’s commitment, according to Reuters.</p>
<p>$2.8 billion of China’s cash will be siphoned off into South Africa’s primary state utility Eskom. The struggling public firm reported a $171 million full-year loss on Monday.</p>
<p>Modi’s lending on behalf of India has been more modest, as the world’s fastest-growing major economy trails China’s ubiquity on the African continent.</p>
<p>During a flying visit to Uganda, Modi pledged $205 million to the East African country. The sum is intended to help Uganda develop its dominant agricultural sector and electricity distribution infrastructure.</p>
<p>‘Alternatives to the West’</p>
<p>Both Xi and Modi were in<br />
Rwanda<br />
 earlier this week, where a total of over $300 million was announced in loans. The money will develop the tiny, landlocked East African nation’s agriculture, roads and special economic zones.</p>
<p>Analysts CNBC spoke to read the news as Rwandan President Paul Kagame sending a defiant message to the U.S. over trade, amid an ongoing<br />
spat<br />
 over second-hand clothes.</p>
<p>TWEET</p>
<p>Among African countries, “China and India are viewed as alternatives to the West,” Anna Rosenberg, research director at emerging markets advisory firm Frontier Strategy Group, told CNBC via e-mail.</p>
<p>“Since economic growth has accelerated and interest from other emerging markets has picked up, African governments are glad to have more choice among those that are willing to support development efforts.”</p>
<p>While China’s ready capital dwarfs that provided by India, the latter country can share its technological advances with Africa, Munish Gupta, vice president of the India Chamber of Commerce, told CNBC Africa. “Today, China shares very little of its technology with the rest of the world,” he said.</p>
<p>Rosenberg added that given China’s prominence on the African continent, countries were “now well aware of the strings attached” to business deals. Meanwhile, “Africans are well exposed to Indian work culture,” she said, given that “there are many African/Indian run distribution companies across the continent, especially in East Africa, typically run by locals of Indian descent.”</p>
<p>Xi and Modi are to attend a three day<br />
BRICS<br />
 (Brazil, Russia, India, China and South Africa) summit, uniting the leaders of the bloc which encompasses the five emerging economies.</p>
<p>Brazilian President Michel Temer and Russian President Vladimir Putin will also be joining host Ramaphosa. Trade, given the current climate of U.S.-China import tariffs, is<br />
set to dominate the agenda<br />
.</p>
<p/>


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<p>Russian Economy Minister Maxim Oreshkin spoke to CNBC Africa at the ongoing BRICS summit in South Africa about achieving sustainable, stable growth in the wake of trade wars and protectionism.</p>


Oreshkin on how Russia, Africa can achieve sustainable, stable growth amidst trade war

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<p>Half of the South African consumers have either been a victim of identity theft or know someone who has, this is according to a recent survey commissioned by TransUnion. Garnet Jensen, Senior Director for TransUnion Consumer Interactive joins CNBC Africa for more.</p>


How best to protect yourself from identity theft

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<p>The Small Business Institute has warned that the National Development Plan’s goal of small business creating 90 per cent of jobs by 2030 will not be fulfilled unless this vital segment of the economy is properly understood. The institute in partnership with the Small Business Project have launched the early findings of the challenges and potential of small to medium sized companies in South Africa. Joining CNBC Africa is Bernard Swanepoel, Chairman of the Small Business Institute.</p>


Why SA’s small businesses continue to struggle

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<p>As we build up to the big ten year BRIC summit starting tomorrow in Sandton, the South African Institute of International Affairs held a panel where South African Reserve Bank governor has a scathing response to what he calls the stupidity of protectionism. The South African Minister of Finance, Nhlanhla Nene gave his thoughts on protectionism as a threat to global trade.</p>


SA FinMin Nene denounces protectionism

<p>Justina Crabtree</p>
<p>Source: <a href="https://www.cnbc.com/2018/07/24/china-xi-india-modi-visit-rwanda-kagame.html">Xi and Modi just visited Rwanda and supplied millions of dollars, here&#8217;s why</a></p>
<ul>
<li>Chinese President Xi Jinping and Indian Prime Minister Narendra Modi have just paid separate visits to Rwanda, pledging over $300 million in loans to the tiny, landlocked African country.</li>
<li>Rwandan President Paul Kagame is spearheading a pan-African single market. His country is currently in a trade spat with the U.S. over second-hand clothes.</li>
<li>Xi and Modi are both travelling in Africa ahead of a BRICS summit in South Africa which begins on Wednesday.</li>
</ul>
<p><img loading="lazy" decoding="async" src="https://cdn.cnbcafrica.com/wp-content/uploads/2018/07/24170224/105348507-1532428938287gettyimages-1004166358.1910x1000.jpg" alt="" height="1000" width="1910" data-licensor-name="Simon Maina | AFP | Getty Images"/></p>
<p>The leaders of the world’s two largest emerging economies have both just visited the tiny, landlocked African country of Rwanda – separately – and showed themselves to be friends with deep pockets.</p>
<p>Chinese President Xi Jinping landed in Rwanda’s capital Kigali on Sunday, where he met with his Rwandan counterpart Paul Kagame.</p>
<p>China granted Rwanda a loan of $126 million for the building of two roads, the latter country’s Minister of Finance Uzziel Ndagijimana told Reuters. </p>
<p>On Monday evening, after Xi’s departure earlier in the day, Indian Prime Minister Narendra Modi touched down in Kigali. Meetings resulted in the signing of two loan agreements each worth $100 million, for investment in agriculture and the development of special economic zones.</p>
<p>The meetings signified the first time a Chinese or Indian leader has visited Rwanda.</p>
<p>China and India are the world’s two most populous nations, with 1.6 billion and 1.3 billion inhabitants respectively. India is likely to be the world’s fastest growing major economy in 2018, a mantle China once held. The latter is now the world’s second largest economy after the U.S.</p>
<p>Rwanda’s recent history has been marked by civil war and ethnic conflict. It was ravaged by the genocide of its Tutsi ethnic group in 1994, in which over half a million people were killed. Home to approximately 12 million people, it is now in the process of transitioning into a middle income economy and reducing its dependence on foreign aid. The East African country is also promoting itself as a technology hub.</p>
<p><img loading="lazy" decoding="async" src="https://cdn.cnbcafrica.com/wp-content/uploads/2018/07/24170228/105348516-1532429152905gettyimages-1004472618.1910x1000.jpg" alt="" height="1000" width="1910" data-licensor-name="Simon Maina | AFP | Getty Images"/></p>
<p>Kagame is currently chairperson of the African Union. “As such, Rwanda becomes shorthand for engagement with Africa generally,” Jared Jeffery, political analyst at South Africa-based research firm NKC African Economics, told CNBC via e-mail. He added that the deals inked with China and India were a significant sum for the small Rwandan economy.</p>
<p>“Modi’s visit is arguably more notable than Xi’s as India’s ascendancy in Africa is less meteoric than China’s,” Indigo Ellis, Africa analyst at consultancy Verisk Maplecroft, told CNBC via e-mail. She added that Kagame views cooperation between the world&#8217;s developing countries &#8220;as the future.&#8221;</p>
<p>The Rwandan president is spearheading the establishment of a<br />
single market across the African continent<br />
 for goods and services which would encompass a combined gross domestic product of $2.5 trillion. The majority of the African Union’s 55 members have signed up, although Nigeria, the continent’s largest economy is<br />
yet to endorse the proposal<br />
.</p>
<p>The issue of trade may have another dimension for Kagame. “It seems that the visit (from Xi) was an opportunity to take a subtle dig at the U.S. – with which the country is having a small<br />
trade spat<br />
 over second-hand clothing” Jeffery added.</p>
<p>“China relates to Africa as an equal,” Kagame said on Monday, a statement “implying that others did not,” Jeffery pointed out.</p>
<p>“Kagame is sending a strong message to the U.S. – that Rwanda does not need Washington’s ‘paternalistic’ version of aid when China and India are ready and willing to invest in his country,” said Ellis.</p>
<p>Xi and Modi are travelling in Africa ahead of a<br />
BRICS<br />
 summit in Johannesburg, South Africa, which begins on Wednesday. Xi’s Africa itinerary began in<br />
Senegal<br />
 over the weekend, and will also include a stop in Mauritius after the South Africa meeting. Meanwhile, Modi travelled to Uganda on Tuesday.</p>


Xi and Modi just visited Rwanda and supplied millions of dollars, here’s why

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<p>In an attempt to improve intra-Africa trade, Vista Bank Group plans to provide banking and financial insurance in 15 African Countries by 2025.The group’s Chairman Simon Tiemtore, discussed this with CNBC Africa while emphasising the bank’s plan for small businesses in Africa.</p>


Vista Bank’s plan for small businesses in Africa

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<p>CNBC Africa is joined by Jill Larkan, Head of GTC Healthcare with the findings of this year&#8217;s 2018 GTC Medical Aid Survey. The survey compares rates and medical aid schemes across the country&#8217;s open medical aid providers.</p>


The best and worst SA medical aid schemes revealed

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<p>Suspended SARS Commissioner, Tom Moyane’s disciplinary hearing kicked off in Sandton on Saturday with a number of objections coming from Moyane. Advocate Dali Mpofu, who appeared on behalf of Moyane, submitted objections on fairness, the terms of reference and the admissibility of Public Enterprises Minister Pravin Gordhan. Mpofu also hit out hard at President Cyril Ramaphosa‚ saying that the president was not being fair to the suspended tax boss.</p>


Suspended SARS commissioner faces disciplinary hearing

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</div>
<p>South Africa’s embattled power utility, Eskom, released its annual results this morning at its headquarters in Johannesburg. With a debt that’s rocketed by nearly 50 per cent in four years, the company is set in cleaning up the power utility, with 10 executives, who have been implicated in corruption, having left the company already. CNBC Africa’s Aviwe Mtila filed this report.</p>


Africa

Why SA is an attractive investment destination for this Russian rail company

The role of Brics as driver for intra-African trade

How the 4th Industrial Revolution can be used to meet Africa’s infrastructure needs

Liquid Telecom CEO Reshaad Sha on Africa expansion

Afropulse Group CEO Phumzile Langeni on what makes SA attractive to investors

Patrice Motsepe on the importance of developing Africa’s infrastructure

China and India launch investment spree in Africa ahead of key summit

China and India launch investment spree in Africa ahead of key summit

Oreshkin on how Russia, Africa can achieve sustainable, stable growth amidst trade war

How best to protect yourself from identity theft

Why SA’s small businesses continue to struggle

SA FinMin Nene denounces protectionism

Xi and Modi just visited Rwanda and supplied millions of dollars, here’s why

Vista Bank’s plan for small businesses in Africa

The best and worst SA medical aid schemes revealed

Suspended SARS commissioner faces disciplinary hearing

Is there a pathway to recovery for embattled power utility, Eskom?

News Tips

Advertise With Us

Africa

Why SA is an attractive investment destination for this Russian rail company

The role of Brics as driver for intra-African trade

How the 4th Industrial Revolution can be used to meet Africa’s infrastructure needs

Liquid Telecom CEO Reshaad Sha on Africa expansion

Afropulse Group CEO Phumzile Langeni on what makes SA attractive to investors

Patrice Motsepe on the importance of developing Africa’s infrastructure

China and India launch investment spree in Africa ahead of key summit

China and India launch investment spree in Africa ahead of key summit

Oreshkin on how Russia, Africa can achieve sustainable, stable growth amidst trade war

How best to protect yourself from identity theft

Why SA’s small businesses continue to struggle

SA FinMin Nene denounces protectionism

Xi and Modi just visited Rwanda and supplied millions of dollars, here’s why

Vista Bank’s plan for small businesses in Africa

The best and worst SA medical aid schemes revealed

Suspended SARS commissioner faces disciplinary hearing

Is there a pathway to recovery for embattled power utility, Eskom?

News Tips

Advertise With Us

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