Tag: covid-19 virus

South Africa’s boozy church struggles with COVID lockdown rules

“They can arrest us until Jesus comes back,” said Makiti, wearing a bishop’s mitre with a miniature bottle of spirits hanging off it.

Edcon files for business rescue as COVID-19 lockdown brings it to its knees

Embattled retailer Edcon has entered into voluntary business rescue proceedings after losing R2 billion in turnover during South Africa’s lockdown, this was said in a statement on its website. The...

Angola bears the brunt of oil market crash, Moody’s downgrade

Yesterday markets experienced a historic drop in shares that were last seen during the 2008 global financial crisis. The failure of Russia to agree on Saudi Arabia oil cuts led to a 30 per cent decline in oil markets but is on the path of recovery today, joining CNBC Africa to unpack what the oil price crash could mean for the oil rich nation of Angola is Rui Oliveira, CEO at BFA Asset Management.

How the global aviation industry is navigating COVID-19

The latest data from the International Air Transport Association has shown that despite the coronavirus spread hitting the airline industry globally; Africa recorded a 5.3 per cent rise in demand for passenger Air transport in January 2020. Joining CNBC Africa for more on the global impact of the coronavirus on the airline industries is Brian Pearce, Chief Economist at the International Air Transport Association.

Moody’s downgrades Angola’s ratings to B-minus, outlook stable

Moody’s has downgraded Angola’s sovereign rating to B negative with a stable outlook pricing in the impact of lower oil production and lower oil prices. Joining CNBC Africa for today’s Africa Exchange segment is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.