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<p>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.</p>


How Covid-19 is shaping Africa’s prospects

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<p>Momentum Metropolitan has canned its target to deliver normalised headline earnings of as much as R4 billion in 2021, due to the impact of Covid-19. The financial services group says it’s not certain how the health and economic consequences of the pandemic will impact future earnings or sales. Hillie Meyer, CEO of Momentum Metropolitan Holdings joins CNBC Africa for more.</p>


COVID-19 mutes Momentum Metropolitan’s upward curve

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<p>Afrimat’s annual operating profit surged 27.5 per cent to R471.2 million, boosted by strong demand from its iron ore operations. However, the construction and mining group withheld its final dividend to use the cash to cement its balance sheet from Covid-19. Afrimat CEO, Andries Van Heerden joins CNBC Africa to review the numbers.</p>


Afrimat FY HEPS surge

Afrimat FY HEPS surge, withholds final dividend

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<p>While Covid-19 risks killing many businesses it also presents new opportunities for innovation. Like Ubuntu beds, an establishment that unites hotels, whose businesses have been idle due to Covid-19 with healthcare workers in need of accommodation as they fight the virus on the frontline. Kim Walker, Founder of Ubuntu Beds joins CNBC Africa for more.</p>


This Covid-19 disruptor is helping front-line healthcare workers with free accommodation

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<p>Dis-Chem has deferred its final dividend, opting to preserve cash in light of the uncertainties of Covid-19 and to potentially use the money to fund its R430 million acquisition of Baby City.</p>


Dis-Chem defers annual dividend

Dis-Chem defers annual dividend, unveils plans for Baby City

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<p>Due to Covid-19 restrictions, South Africa’s courts have limited proceedings to urgent matters only, hitting the pockets of law firms involved in other cases. Furthermore access to finance for many small law firms has been difficult because of blanket loan criteria unsuitable for the business of law.  Elad Smadja, CEO of Taurus Capital joins CNBC Africa for more.</p>


How this R300mn funding for SA’s law firms works

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<p>South Africa’s Solidarity Fund, set up to support the coronavirus response, has raised around R2.7 billion in commitments. The infrastructure behind the fund allows donations to be made over instalments, giving individuals and companies flexibility in funding the fight against the pandemic. For more on the technology behind the Solidarity Fund, CNBC Africa spoke with Derek Cikes, Co-Founder &#038; Commercial Officer at Payflex.</p>


The innovation behind SA’s Solidarity Fund

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<p>SAA has had its wings clipped for several months now and is currently in business rescue after years of losses and mismanagement .The business rescue practitioners have called for the airline to be wound down; the unions reject this. Phakamile Hlubi-Majola, Spokesperson of National Union of Metal Workers of South Africa joins CNBC Africa for more.</p>


Resurrecting SAA: Is it a little too late?

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<p>One of the industries who are reeling the impact of the Covid-19 lock-down regulations globally is event planning, as they rely on physical interaction to convene their business. Weddings, corporate functions and birthday celebrations have been non-existent over the past few months and joining CNBC Africa to unpack the industry impact is Karen Short, Founder, By Word of Mouth.</p>


How Covid-19 is hurting the events planning industry

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<p>DIY hair and beauty products are flying off retailers’ shelves due to Covid-19 lock-down restrictions that prevent people from visiting their hairdresser or beautician. In the absence of a cure, many believe DIY grooming is here to stay even after lockdown restrictions on the industry are fully lifted. Joining CNBC Africa for more insights on where the future of South Africa’s beauty and hair market is headed are Mahlatsi Dlala, Founder &#038; CEO, The HairApist, Candice Thurston, Founder, Candi &#038; Co and Tinashe Ribatika, Sonrib Africa (Pty) Ltd.</p>


What lies ahead for SA’s hair & beauty industry post COVID-19 lock-down?

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<p>It’s the end of an era for the Aronaff family business Baby City, but the birth of a new one for pharma retailer Dis-Chem. After 26 years of operating the one-stop baby shop, the Aronaff family have agreed to sell all 33 Baby City stores to Dis-Chem for R430m. Michel Aronoff, Managing Director of Baby City joins CNBC Africa for more.</p>


Baby City gets new parents in R43mn deal

Baby City gets new parents in R430mn deal

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<p>As the Kingdom of Eswatini moves to gradually reopen its economy from its Covid-19 lockdown, the landlocked country has announced new measures to support businesses hard hit by the pandemic. These include relief of R90m for SMME’s, tax deferments and waiving penalties on late debt. Eswatini’s Minister of Commerce, Industry and Trade, Hon. Manqoba Khumalo joins CNBC Africa for more.</p>


COVID-19: What Eswatini is doing to support its businesses

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<p>Due to schools and universities having to physically close its doors during the Covid-19 lockdown, learning is now being done on e-learning platforms and the demand for digital educational solutions has significantly increased.</p>


How COVID-19 is transforming the way learning institutions operate

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<p>Small businesses all over the world are feeling the pinch from the COVID-19 pandemic with many feared to go bust. The latest research from fintech group Yoco shows that small business revenues in South Africa have plunged over 84 per cent as the virus grinded economic activity to a halt. Joining CNBC Africa for the latest numbers on the status of SMMEs is Bradley Wattrus, Co-Founder and CFO of Yoco.</p>


COVID-19: What the stats say about the impact on SA’s SMMEs

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<p>South Africa’s government needs to step on the accelerator and speed up the phased restart of the economy from Covid-19 lock-downs to minimise hardship, hunger and desperation. That’s the view of business alliance group, Business for South Africa. The business group says failure to speed up the return to normal activity could in fact weaken the country’s ability to fight the impact of the coronavirus pandemic. Cas Coovadia, CEO of Business for South Africa joins CNBC Africa for more.</p>


COVID-19: Cas Coovadia on why govt. should rethink its strategy on reopening the economy

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<p>Tongaat Hulett’s race to cut its debt by R8.1 billion in 2021 may have hit a stumbling block. The shares of the embattled sugar producer tanked 15 per cent today after it said the R5.3 billion sale of its starch business to Barloworld had reached a stalemate over differences on how Covid19 may impact future profits. The proceeds from the sale of the business were earmarked to lower Tongaat’s debt, which significantly exceeds it market value. Tongaat CEO, Gavin Hudson joins CNBC Africa for more.</p>


Tongaat won’t let starch business go on the cheap

Tongaat won’t let starch business go on the cheap, here’s why

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<p>Joining CNBC Africa for a look at the local markets is Makwe Masilela, Chief Investment Officer, Makwe Fund Managers.</p>


covid-19 lockdown

How Covid-19 is shaping Africa’s prospects

COVID-19 mutes Momentum Metropolitan’s upward curve

Afrimat FY HEPS surge, withholds final dividend

This Covid-19 disruptor is helping front-line healthcare workers with free accommodation

Dis-Chem defers annual dividend, unveils plans for Baby City

How this R300mn funding for SA’s law firms works

The innovation behind SA’s Solidarity Fund

Resurrecting SAA: Is it a little too late?

How Covid-19 is hurting the events planning industry

What lies ahead for SA’s hair & beauty industry post COVID-19 lock-down?

Baby City gets new parents in R430mn deal

COVID-19: What Eswatini is doing to support its businesses

How COVID-19 is transforming the way learning institutions operate

COVID-19: What the stats say about the impact on SA’s SMMEs

COVID-19: Cas Coovadia on why govt. should rethink its strategy on reopening the economy

Tongaat won’t let starch business go on the cheap, here’s why

Why this analyst thinks the Tongaat- Barloworld deal is dead in the water

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covid-19 lockdown

How Covid-19 is shaping Africa’s prospects

COVID-19 mutes Momentum Metropolitan’s upward curve

Afrimat FY HEPS surge, withholds final dividend

This Covid-19 disruptor is helping front-line healthcare workers with free accommodation

Dis-Chem defers annual dividend, unveils plans for Baby City

How this R300mn funding for SA’s law firms works

The innovation behind SA’s Solidarity Fund

Resurrecting SAA: Is it a little too late?

How Covid-19 is hurting the events planning industry

What lies ahead for SA’s hair & beauty industry post COVID-19 lock-down?

Baby City gets new parents in R430mn deal

COVID-19: What Eswatini is doing to support its businesses

How COVID-19 is transforming the way learning institutions operate

COVID-19: What the stats say about the impact on SA’s SMMEs

COVID-19: Cas Coovadia on why govt. should rethink its strategy on reopening the economy

Tongaat won’t let starch business go on the cheap, here’s why

Why this analyst thinks the Tongaat- Barloworld deal is dead in the water

News Tips

Advertise With Us

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