Tag: Alexander Forbes
This time last year Africa was celebrating the milestone that free trade on the continent would soon be a reality. Prior to Covid-19, the free trade Africa deal was due to be implemented on the 1st of July. Africa Day this year is, however, less joyful as the continent grapples with the prospect of deep recession and in some parts, depression with the coronavirus health crisis fast muted into an economic and financial one. Joining CNBC Africa to discuss Africa’s prospects in 2020 is Alexander Forbes Chief Economist, Isaah Mhlanga and Head of Strategic Slients, Lesiba Mothata.
While some say South Africa’s government has moved swiftly in tackling the coronavirus pandemic, others say it should be doing more. Interventions by the Reserve Bank could also be increased to include rescuing big companies deemed too big to fail. That’s according to economists, including Alexander Forbes, Chief Economist, Isaah Mhlanga who joins CNBC Africa for more.
The drastic fluctuations have caused panic and lots of anxiety. Despite all the market drama, investment firm Alexander Forbes says it’s important to remember that after every crash – there is a recovery. And this has been proven by history. Janina Slawski: Head of Investment Consulting, Alexander Forbes joins CNBC Africa for more?
South African financial services group Alexander Forbes said on Monday a deal to purchase 200.8 million of its own shares from shareholder Mercer Africa for just over 1 billion rand ($56.36 million) was cancelled due to the impact of coronavirus on markets.
Central banks and finance ministers around the world have been scrambling for a solution to curb fears over covid-19 and prevent a deep global recession. What coronomics should our own country be following as the South African Reserve Bank starts its two-day monetary policy committee meeting tomorrow? Economist, Duma Gqubule and Isaah Mhlanga, Chief Economist at Alexander Forbes join CNBC Africa to give insight.
Alexander Forbes has seen a 42 per cent increase in headline earnings per share after earnings dropped by more than 20 per cent in the same period last year.
Isaah Mhlanga, Chief Economist at Alexander Forbes joins CNBC Africa to discuss this week’s MPC meeting as well as the oil prices spike after a drone attack hit the main Saudi Arabian oil industry over the weekend.
Recent reports indicate that some firms are exiting Uganda's market. These include financial sector exits like Alexander Forbes and African Alliance which closed some time ago and the recent announcement of Stanlib Uganda to take leave. To understand why, Ugandan Business Analyst, Charles Bwogi joins CNBC Africa's Fiona Muthoni for more.