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<p>Is the South African government prepared to let go of control of its ailing airline South African Airways in a bid to save it? &#8220;We are not obsessed with control,&#8221; the deputy director general of the Department of Public Enterprises was quoted as saying. He added that the government was ready to cede management control to private investors. What does this mean for business &#8211; is it practical? Air News Editor, Heidi Gibson joins CNBC Africa for more.</p>


SAA ready to cede control to private investors

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<p>It’s been a topsy-turvy year for South African miner Bushveld Minerals yet the company has managed to post a set of tidy year end numbers. The falling vanadium price &#8211; down 34 per cent in the year &#8211; hammered the company&#8217;s revenue. It fell 39 per cent to just over $116 million. Bushveld CEO, Fortune Mojapelo joins CNBC Africa for more.</p>


Bushveld CEO on FY numbers & COVID-19 impact on operations

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<p>For months hotels across Africa has shut down and lose money because of Covid-19. Now a few is looking into reopening their doors to re-awaken their revenue. One of them is the Radisson Blu Hotel Waterfront, but even they say that it won’t be business as usual. Clinton Thom, General Manager for Radisson Blu Hotel joins CNBC Africa for more.</p>


Here’s what the Radisson Hotel is doing to make guests feel safe amid COVID-19

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<p>To mitigate Covid-19’s impact on the poorest in South Africa, government increased the amount it pays in social grants. It also introduced a , a special Covid-19 relief grant of R350 a month for those currently unemployed who do not receive any other form of social grant. Minister of Social Development, Lindiwe Zulu joins CNBC Africa for more.</p>


Lindiwe Zulu outlines SA’s plans to help the vulnerable during COVID-19 crisis

How is South Africa responding to social development in level 3 lock-down?

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<p>Most South African companies expect profits to be hit by coronavirus and the carnage the virus will bring to the economy. The degree of stress to the balance sheet however will depend on the overall industry, liquidity and management risk. Joining CNBC Africa to dissect which bottom lines will be most infected by Covid-19 is Phibion Makuwerere, Analyst at Intellidex.</p>


How SA businesses are dealing with financial stress of COVID-19

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<p>This week the world was united in the fight against two pandemics – the coronavirus and racism. The latter was triggered by the recent death of George Floyd, the latest victim of police brutality in the US, which triggered mass protests against discrimination. One of the individuals that took a stand against both pandemics is internationally acclaimed Ghanian musician Stonebwoy. He put on a show, from his home, to shine the light on Covid-19 and racism, raising money to support homeless youth in Ghana.</p>


Stonebwoy lends his voice in the fight against COVID-19 & racism

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<p>Minister in the Presidency Jackson Mthembu said government will challenge a court ruling that found lock-down level 3 and 4 regulations unconstitutional.</p>


SA govt. to challenge court ruling on constitutionality of lock-down regulations

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<p>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.</p>


How COVID-19 impacts the health & well-being of children

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<p>Property Group Rebosis, has partnered with government to roll out testing stations for Covid-19 outside its shopping malls in Pretoria – South Africa’s capital. However, foot traffic into these malls is expected to have dived due to the virus lock-downs prevented non-essential stores from trading. Rebosis is yet to release its interim results. Rebosis CEO Sisa Ngebulana joins CNBC Africa for more.</p>


Rebosis rolls out COVID-19 testing stations outside malls

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<p>South Africans can look forward to popping their favourite bottle of bubbly or sipping on a glass of pinotage to warm up from the cold winter. That’s as alcohol sales, that were banned for over two months under the Covid-19 lock-down, will be lifted. Distell CEO Richard Rushton joins CNBC Africa for more.</p>


Distell CEO: What the sale of alcohol under level 3 means for the industry


<p>By Chris Bishop</p>



<p>Africa has agreed to link the middle of nowhere to God knows where to help NASA in its space race.</p>



<p>The South African government agreed, on May 27, that the South African National Space Agency be allowed to set up an earth station, in partnership with NASA, to help to support human spaceflight to the moon Mars and beyond. It will be called a Deep Earth Station and will assemble a bunch of scientists and experts to support the existing network of similar sites in the United States, Spain and Australia, according to official papers.</p>



<p>“The station will benefit South Africa in, amongst others, the development of scarce skills and the growth of the science, engineering, technology and innovation sector,” says cabinet papers.</p>



<p>The new earth station will be built in a tiny dot on the South African map in the heart of one of the great, remote, wildernesses of Africa – the Karoo. It will be built near Majtiesfontein, in South Africa’s Western Cape, 195 kilometres from Cape Town. Remote areas, with little pollution, apparently make it easier to connect clearly with the stars.</p>



<p>The tiny town nestles into a vast expanse of largely untouched land and has a population just over 400. As yet, it is more famous for mohair farming and the castle turrets of the 120-year-old Lord Milner Hotel, where nearly one-in-five people in Majtiesfontein work , than it is for its future role in the space race.</p>



<p>The hotel, built in 1899 by the town’s Scottish railwayman founder James Logan, once played host to the Sultan of Zanzibar, Lord Randolph Churchill – the father of Winston Churchill – and the author of the Jungle Book, Rudyard Kipling. Two months ago it closed its doors, because of COIVD-19, for the first time since the days of Rudyard and Randolph in the 19<sup>th</sup> century.</p>



<p>&nbsp;“We don&#8217;t actually see a lot of people, they tend to stay in their houses,” says Werner Smit, the general manager of the Lord Milner Hotel in a recent interview with Cape Talk FM.</p>



<p>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. By contrast, the scientists and engineers of the Deep Earth Station come in peace and in the hope that the Lord Milner Hotel will be open with enough beds to accommodate them.</p>


th[3]

How Africa is hooking up the wilderness with the universe to help NASA in the space race.

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<p>The BankservAfrica Take-home Pay Index has shown that wage numbers were up in April as the majority of employees continued to receive their monthly incomes. However, casual and weekly workers were most impacted by the Covid-19 lockdown as the number of wages paid declined significantly. Joining CNBC Africa for more is Mike Schüssler, Chief Economist at economists.co.za.</p>


COVID-19: How will employee salaries be impacted in the months to come?

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<p>African based Fintech group Mukuru has launched a service for foreign nationals working in South Africa to send basic food essentials to their family in Zimbabwe. The service has enabled Zimbabwean workers in South Africa to extend a helping hand top those who wish to continue to care and provide for their families during the Covid-19 lock-down in Zimbabwe. Joining CNBC Africa for more is Andy Jury, CEO of Mukuru Groceries.</p>


This African fintech is helping Zimbabweans in SA send groceries home during Covid-19 lock-down

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<p>Famous Brands, the owner of several of South Africa’s best loved restaurant chains has scrapped its dividend for the second half of its financial year to preserve its balance sheet.  The owner of Steers and Tashas warned that the COVID-19 pandemic has had a significant negative impact on the group. Famous Brands CEO, Darren Hele joins CNBC Africa for more.</p>


The harsh taste of COVID-19 on Famous Brands

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<p>The Covid-19 lock-down has put pressure on individuals and businesses’ finances like never before. But what can be done to ease the pressure? Basani Maluleke, CEO, African Bank joins CNBC Africa for more.</p>


African Bank CEO on how the bank is cushioning its customers from the effects of COVID-19

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<p>Rui Oliveira, CEO at BFA Asset Management joins CNBC Africa to unpack African Lusophone countries response to the Covid-19 pandemic as well as these countries monetary responses to aid the economy during the current social and financial crisis.</p>


BFA Asset Management on Lusophone Africa’s COVID-19 response plan

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<p>South Africa has moved to further re-open its economy under Level 3 of its Covid-19 lock-downs. But the industry is calling for the fast tracking of infrastructure projects in the pipeline to save more than 100 000 local jobs that depend on a healthy construction sector for survival. John Matthews, President of Master Builders South Africa &#038; Chair of the National COVID-19 Rapid Response Task Team joins CNBC Africa for more.</p>


covid-19 lockdown

SAA ready to cede control to private investors

Bushveld CEO on FY numbers & COVID-19 impact on operations

Here’s what the Radisson Hotel is doing to make guests feel safe amid COVID-19

How is South Africa responding to social development in level 3 lock-down?

How SA businesses are dealing with financial stress of COVID-19

Stonebwoy lends his voice in the fight against COVID-19 & racism

SA govt. to challenge court ruling on constitutionality of lock-down regulations

How COVID-19 impacts the health & well-being of children

Rebosis rolls out COVID-19 testing stations outside malls

Distell CEO: What the sale of alcohol under level 3 means for the industry

How Africa is hooking up the wilderness with the universe to help NASA in the space race.

COVID-19: How will employee salaries be impacted in the months to come?

This African fintech is helping Zimbabweans in SA send groceries home during Covid-19 lock-down

The harsh taste of COVID-19 on Famous Brands

African Bank CEO on how the bank is cushioning its customers from the effects of COVID-19

BFA Asset Management on Lusophone Africa’s COVID-19 response plan

How the construction sector plans to keep employees safe during the COVID-19 pandemic

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covid-19 lockdown

SAA ready to cede control to private investors

Bushveld CEO on FY numbers & COVID-19 impact on operations

Here’s what the Radisson Hotel is doing to make guests feel safe amid COVID-19

How is South Africa responding to social development in level 3 lock-down?

How SA businesses are dealing with financial stress of COVID-19

Stonebwoy lends his voice in the fight against COVID-19 & racism

SA govt. to challenge court ruling on constitutionality of lock-down regulations

How COVID-19 impacts the health & well-being of children

Rebosis rolls out COVID-19 testing stations outside malls

Distell CEO: What the sale of alcohol under level 3 means for the industry

How Africa is hooking up the wilderness with the universe to help NASA in the space race.

COVID-19: How will employee salaries be impacted in the months to come?

This African fintech is helping Zimbabweans in SA send groceries home during Covid-19 lock-down

The harsh taste of COVID-19 on Famous Brands

African Bank CEO on how the bank is cushioning its customers from the effects of COVID-19

BFA Asset Management on Lusophone Africa’s COVID-19 response plan

How the construction sector plans to keep employees safe during the COVID-19 pandemic

News Tips

Advertise With Us

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