
<p>BEIJING (Reuters) &#8211; Orders for infrastructure materials and equipment have helped industrial output recover faster in China than most places emerging from COVID-19 lockdowns, but further expansion will be hard to attain without stronger broad-based demand and exports.</p>



<p>Prices of copper SCFcv1 and steel SRBcv1 have surged and share prices for Chinese blue chips struck five-year highs, as state-funded infrastructure projects drove up production of cement, steel and non-ferrous metals.</p>



<p>Railway investment, for example, soared 11.4% in April-June from a year earlier versus a 21% drop in the first quarter.</p>



<p>Industries also gained from pent-up demand for autos and electronics. The property sector, a pillar of growth, also showed signs of rebounding, with real estate investment expanding and sales quickening.</p>



<p>China’s factory-gate prices, still in deflation territory this year, may have turned positive on a monthly basis in June, said Yating Xu, senior economist at IHS Markit, in a sign of recovering demand for manufactured goods.</p>



<p>The optimism also led investment bank ING to forecast no more policy interest rate cuts from the central bank for the rest of the year.</p>



<p>“We started to return to thin profit in May and became a bit better in June,” said an official at a state-owned steel mill in central China, declining to be named due to company policy.</p>



<p>“Our demand mainly come from infrastructure so far this year, especially for steel rebar and medium plates,” he said. Steel rebars are mostly used in construction, and medium steel plates in ships and excavators.</p>



<p>Underpinned by robust infrastructure demand from China, the Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, surged about 257% in June from a low struck in May due to the freeze in global trade as a result of the lockdowns.</p>



<p>The rosy outlook stands in stark contrast to the dismal industrial landscapes of other economies still fighting COVID-19. Factory output plunged further in May from a year earlier in Japan, South Korea and the United States. Euro zone manufacturing output fell by a record 28% in April.</p>



<p>MINI-BOOM</p>



<p>The industrial recovery is expected to help China’s economy post a positive growth rate in the second quarter after contracting for the first time in decades due to COVID-19.</p>



<p>But analysts warn that factories could struggle to keep up momentum even as early as this quarter as pent-up demand wanes, exports struggle and heavy floods take their toll on industries and businesses in the Yangtze Delta.</p>



<p>The pent-up demand for automobiles has been released by now and the auto market entered a traditional lull in June, said the China Passenger Car Association (CPCA) last week. China’s passenger car retail sales fell 8% in June from a year earlier.</p>



<p>In May auto sales rose for the first time after a two-year slump, fanning expectations of a strong V-shaped recovery in a pillar industry, supporting the broader economy. Auto deliveries to dealers also rose for the second straight month in May.</p>



<p>Exports, a sector that provides about 200 million urban jobs, are forecast to come under pressure in the third quarter, analysts say, as sales of COVID-19-related medical supplies slow and global demand stays soft.</p>



<p>Xia Xiaokang, who runs a faucet factory in the eastern city of Wenzhou, shares the same concerns.</p>



<p>After a 10-day production hiatus in May, his factory reopened after receiving the go-ahead from European customers to send suspended shipments and fulfil delayed orders.Slideshow&nbsp;(2 Images)</p>



<p>“June was better than May, but I’m concerned about July, August and September when countries reopen but orders are so few,” said Xia, adding that his company failed to get any new customers at the online Canton Fair &#8211; China’s biggest.</p>


china

Chinese factories to face headwinds in next phase of post-lockdown recovery


<div class="wp-block-image is-style-rounded" style="margin-top:0px"><figure class="alignleft size-large is-resized"><img loading="lazy" decoding="async" src="https://www.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36.jpg" alt="" class="wp-image-373144" width="95" height="96" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36.jpg 1010w, https://cms.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36-296x300.jpg 296w, https://cms.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36-150x150.jpg 150w, https://cms.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36-768x779.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36-696x706.jpg 696w, https://cms.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36-300x300.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36-600x608.jpg 600w, https://cms.cnbcafrica.com/wp-content/uploads/2020/06/PHOTO-2019-12-12-14-01-36-100x100.jpg 100w" sizes="(max-width: 95px) 100vw, 95px" /><figcaption>Image supplied by Curtin University Dubai</figcaption></figure></div>



<p><em><strong>About the Author:</strong> Sandile Nkala is a final year Bachelor of Commerce in Accounting student and the former Student Council President at <a rel="noreferrer noopener" href="http://curtindubai.ac.ae/?utm_medium=Backlink&amp;utm_source=CNBC&amp;utm_campaign=elearning_digital_divide_article" target="_blank">Curtin University Dubai.</a> Over the last few years, Sandile has spent time speaking and mentoring young women in the UAE. She has also served as a Student Brand Ambassador for Curtin University, Hunter Foods, 6th Street, Uninest Student Residences and Self Defined; a South African organisation with a movement that strives to empower young women to make a difference.</em></p>



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<p>Over a billion students, in 191 countries are supposedly distance learning. Education took quite an interesting turn this year, as virtual tutoring, video conferencing and online learning software instantly became the new normal.&nbsp;&nbsp;These drastic measures were necessary to control the Covid-19 infection rates. However, we need to address the ‘elephant’ in the room.&nbsp;</p>



<p>One cannot deny the necessity of e-learning during such a testing time. Even so, the elephant in the room is the ‘digital divide’. It can be seen globally that the ability to fully participate in e-learning is tied to socio-economic status. US President Lyndon Johnson once said, ‘Education is the key to opportunity in our society, and the equality of educational opportunity must be a birth right of every citizen’. Yet, the UN has reported that 830 million students, fighting for an opportunity for a better life in our society, are currently locked out of the digital classroom. For instance, 90% of students in sub-Saharan Africa reportedly do not have access to a computer with 82% unable to get online. This is illustrated by Mandlenkosi Mswela, an Accounting university student in Zimbabwe who expressed how concerned he was about the possibility of repeating a semester, as students are currently being tutored via WhatsApp and PDF documents due to little or no access to the internet. On the other end of the spectrum, over 90% of students in the Netherlands, Sweden and the UK have access to a computer or internet at home. An IT university student in Sweden, Benjamin Gafvelin mentioned that the change to e-learning was in fact quite painless and that his biggest challenge was merely completing courses that consist of group work.&nbsp;</p>



<p>Realistically, the 830 million students currently locked out of the digital classroom face the possibility of repeating a grade and failing to graduate in time or worse, being socially promoted without having mastered the material that was to have been taught this year. Learning discontinuity among students in underdeveloped nations and low-income communities is the biggest threat we face by failing to address this alarming digital gap. Fortunately, some nations and educational institutions across the world have taken steps towards bridging the digital gap. For instance, the South African government has already begun to implement strategic policies and resources to ensure that students in low-income communities are not deprived of a right to equitable education. It is a work in progress, but unquestionably a step in the right direction. Nobesuthu Mnkandla, a law university student in South Africa praised the efforts of the nation by saying, ‘Universities have distributed laptops and 30GB data bundles to cater to students who have little or no access to e-learning. Also, universities have decided to post studying material and deliver USB flash drives to areas with no internet coverage. This has not been easy, the Student Representative Councils are doing their best to ensure no students are left behind.’ Effort such as this go a long way to show that it is indeed possible to find ways to mitigate the learning discontinuity threat.</p>



<p>The Covid-19 crisis highlighted a major issue in an era where we value equity in education. The e-learning digital gap is indeed real. However, with the appropriate policies and resources in place, the 830 million students locked out of the digital classroom can continue to fight for an opportunity to a better life in our society. For this reason, concerned educational institutions, governments and parties are urged to take the necessary action to give these students a fighting chance.&nbsp;</p>



<hr class="wp-block-separator" />



<p><strong>Sources</strong></p>



<p><a href="https://news.un.org/en/story/2020/04/1062232">https://news.un.org/en/story/2020/04/1062232</a><br><a href="https://www.weforum.org/agenda/2020/04/coronavirus-education-global-covid19-online-digital-learning/">https://www.weforum.org/agenda/2020/04/coronavirus-education-global-covid19-online-digital-learning/</a><br><a href="https://www.gov.za/speeches/minister-angie-motshekga-basic-education-sector-plans-support-learners-during-covid-19">https://www.gov.za/speeches/minister-angie-motshekga-basic-education-sector-plans-support-learners-during-covid-19</a></p>



<p><strong>Interviewees</strong></p>



<p>Mandlenkosi Mswela. National University of Science and Technology. Zimbabwe.<br>Benjamin Gafvelin. KTH Royal Institute of Technology. Sweden.<br>Nobesuthu Mnkandla. Rhodes University. South Africa.<br>Lowa Heimer. Påhlmans Handelsinstitut (Business Institute), Paralegal Higher Vocational Education (HVE). Sweden.<br>Angelica Feliz. SP Jain School of Global Management. Australia.&nbsp;<br>Hala Haytham. Curtin University Dubai. United Arab Emirates.<br>Terri Golding. University of Pretoria. South Africa.<br>Lisa Dube. University of Pretoria. South Africa.<br>Takudzwanashe Mujawo. Middlesex University Dubai. United Arab Emirates.<br>Simbarashe Nyakambangwe. Coventry University. United Kingdom.</p>



<p></p>



<p>Content and image supplied by <em><a rel="noreferrer noopener" href="http://curtindubai.ac.ae/?utm_medium=Backlink&amp;utm_source=CNBC&amp;utm_campaign=elearning_digital_divide_article" target="_blank">Curtin University Dubai.</a></em></p>


Students on desktop | Curtin Dubai

COVID-19: A student’s perspective on the e-learning digital divide

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<p>South Africa&#8217;s biggest fertilizer producer Omnia was profitable in the year to March after extensively restructuring its business units. Omnia CEO, Seelan Gobalsamy joins CNBC Africa to breakdown the results.</p>


Omnia delivers solid results from a stabilised business

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<p>Ithuba says Hosken Conslidated Investment&#8217;s constant legal attacks are an attempt to take back control of the National Lottery from a black business woman. Charmaine Mabuza, Founder and Chief Executive Officer of Ithuba joins CNBC Africa for more.</p>


Battles rages for control of the National Lottery

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<p>After months of lock-down, Rwanda Convention Bureau announced that the country will reopen meetings and conferences, as it tries to revive the tourism and hospitality sector. Janet Karemera, Deputy CEO of the Rwanda Convention Bureau joins CNBC Africa for more.</p>


Rwanda reopens meetings & conferences to revive COVID-19 hit hospitality sector

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<p>Domestic operations in Nigeria’s aviation industry will commence from Wednesday the 8th of July. Captain Dele Ore, a Retired Pilot and Chairman of the Board of Trustee of the Aviation Safety Round Table Initiative joins CNBC Africa for more.</p>


COVID-19: What the reopening of domestic flight operations means for Nigeria’s aviation industry

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<p>The World Bank says the outbreak of the COVID-19 pandemic is expected to push five million more Nigerians into poverty this year as the pandemic is threatening the ability of Nigerian households to generate income to meet their basic consumption needs. Bismarck Rewane, CEO of Financial Derivatives joins me from Lagos for this conversation.</p>


World Bank: COVID-19 to push five million more Nigerians into poverty in 2020

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<p>The African Continental Free Trade Area promises to be of the biggest economic stimuli for trade on the African continent. But like many projects, it has been hampered by the Covid-19 pandemic. The deal, which aims to boost intra-Africa trade, was launched over a year ago. Commerce was due to start this month; however, it will be implemented in January due to delays. Wamkele Mene, Secretary-General of the African Continental Free Trade Area spoke to CNBC Africa for more&#8230;.</p>


AfCFTA: Wamkele Mene on why the free trade deal is Africa’s COVID-19 stimulus plan

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<p>This month marks a year since the Central Bank of Nigeria introduced the Loan-To-Deposit-Ratio policy. Nigeria&#8217;s apex bank says banks total credit rose to 3.1 trillion naira on the performance of the LDR policy. Muyiwa Oni, Regional Head, Equity Research at Standard Bank Group joins CNBC Africa for more.</p>


How will COVID-19 impact Nigerian banks’ half-year earnings?

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<p>Shareholders of the Central Securities Clearing System approved dividend payments which translate to a 22.8 per cent year-on-year growth in returns to shareholders.</p>


CSCS CEO on how the company is responding to the COVID-19 crisis

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<p>As the dust settles from South Africa’s emergency budget announcement, economist and ratings agencies have expressed their pessimism towards the finance minister Tito Mboweni’s ability to cut expenditure and deliver on his debt stabilisation plan. Joining CNBC Africa for this discussion are Mamello Matikinca-Ngwenya, Chief economist at FNB, Nicky Weimar, Chief Economist at Nedbank and Murtaza Moulvi, Head of Financial Markets at Standard Chartered Bank&#8230;.</p>


How will SA finmin Mboweni cut expenditure?

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<p>The operationalization of the African Continental Free Trade Area agreement was supposed to take place at the beginning of this month but just like many developments it has been set back by the COVID-19 pandemic. CNBC Africa spoke to former Nigerian President Olusegun Obasanjo on how AfCTA can get back on track.</p>


Olusegun Obasanjo on COVID-19 lessons for African economies & the AfCFTA

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<p>After two stints as acting CEO of Old Mutual, the pan- African Financial services group has made official Iain Williamson’s role as head of the company. Williamson first served as acting Old Mutual in 2017 and again in 2019 when the company fired its former CEO Peter Moyo following a conflict of interest that resulted in breakdown of trust and confidence. Iain Williamson joins CNBC Africa for more.</p>


Ian Williamson outlines his plans for Old Mutual


<p>I hear this a lot: “We are in unprecedented times.” Actually, to borrow from author and motivational speaker Simon Sinek, we are not. We have been through tough business situations like this before. This is not the first time and it may not be the last, but the context of what we’re going through may be a lot more shocking and sudden than we’ve previously experienced.</p>



<p>It’s easy to fall into a state of fear and panic. It is human nature to brood and worry – and none of us are immune from these impulses in extraordinarily challenging times. However, I urge you to take a different viewpoint of our current circumstances. I’ll start by reframing our context. Did you know that half of the companies currently listed on the Dow Jones were born in recession? Those companies understood the opportunities that disruption and tough periods offer and created something new from them.&nbsp;</p>



<p>Simon Sinek talks about the Infinite Game – and if you haven’t heard about him and this concept already, I urge you to watch his YouTube videos on the topic. The Infinite Game says that the players change, but the game doesn’t. It’s not about competing and being ‘the best’. Rather, it’s about asking, ‘how can I make myself, and my organisation, a better version tomorrow than today? By constantly striving to be better tomorrow than we are today, we free ourselves from the fixed mind set of, ‘I know it all’ and embrace the growth mind set of lifelong learning, opening ourselves up to the possibilities that come from uncertainty and change.&nbsp;</p>



<p>The Covid-19 pandemic has forced a mass digital transformation and shift to 4IR. Some organisations – including huge multinational corporations – have been unprepared for this transformation. Business models are already changing, so the challenge for us is to rethink and reinvent our business moving forward. Organisations that cling to the status quo, who focus their energies on preserving their current state, are going to find themselves in trouble when we reach the other side of this dark tunnel we’re currently in – no matter how much money they have. Talking about pay cuts and indulging in short-term thinking will not save them. Now is the time to think big, and think boldly, to shift our behaviour.</p>



<p>I urge you to set aside your fear and embrace the unknown. This disruption is opening up opportunities, and organisations who identify these, and approach them with a growth mindset, will be poised to seize that opportunity. We will invest in the skills sets we need to not only survive, but to thrive. I am intent on ensuring that every employee has the right skills for the challenges ahead. We have the chance to ask ourselves, how will we prepare ourselves for the change that is coming? My view is that those that are the most prepared are going to come out stronger.&nbsp;</p>



<p>I am not talking about thinking about how we take advantage of the situation or milk the crisis to our own benefit. Let’s rather look at how we can differentiate ourselves as an organisation, helping the citizens of South Africa and across the globe, and leading the way through the darkness of this uncertain time, into the light at the other end of it.</p>



<p>Let’s begin to explore what new ways of work and opportunities we can find coming out of the crisis we’re currently in. Importantly another conversation we must have is our embrace of the digital mind set. This is the new norm for us right now, and the new way of work. The dark side of this is, of course, digital fatigue – or even digital burnout – from a constant rotation of online meetings and work expectations. I heard President Cyril Ramaphosa comment that he is currently spending 18 to 20 hours a day in meetings. None of us are in quite the same position as the President, but we face great challenges with our time and mental resources. When work and home are one and the same, it’s easy to blur or forget the boundaries. I want to reinforce to you that our culture at SAS is one of trust – I don’t need to see all of you 24 hours a day to feel confident that you are engaged in the necessary work of the day.&nbsp;</p>



<p>Your emotional and physical wellbeing is of utmost importance. I want to encourage you to set appropriate boundaries and to take care your mental health and wellbeing at this time. These may not be unprecedented times, but they are for many of us, the most challenging times we have faced in our lifetime. Take care of yourselves, strive to find some work-life balance and let’s move calmly and assuredly forward with a sense of renewed purpose and excitement about the opportunities that lie ahead.</p>



<p>SAS’s Country Manager, Akesh Lalla.</p>


Akesh Lalla_Country Manager_SAS_South Africa

COMMENT: COVID-19 – Yes, there is disruption, but also, opportunity


<p>(Reuters) &#8211; Kenyan protesters set a police station on fire after an officer allegedly shot and killed a man for hawking fake hand sanitizer, according to a police report seen by Reuters on Monday.</p>



<p>The officer is now in custody, according to the report.</p>



<p>The police officer fired his weapon after a verbal argument with the man selling the counterfeit product in an open-air market in Kisii County, western Kenya, on Sunday, the report said.</p>



<p>After the shooting, protesters quickly descended on the police station, throwing rocks and setting bonfires, damaging the station and nearby vehicles.</p>



<p>Fourteen police officers were injured and protesters dispersed after an “unquantified number of live and blank ammunitions were used”, the report said.</p>



<p>Accusations of police brutality are common in Kenya. Since the coronavirus outbreak, multiple cases of alleged police violence towards lockdown violators have been reported.</p>



<p>In March, in the first 10 days of a curfew to curb the coronavirus, at least six people were killed, according to rights group Human Rights Watch.</p>


shutterstock_227423392

Man shot for allegedly hawking fake hand sanitizer – protesters torch police station

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<p>No doubt Nigeria&#8217;s currency has come under pressure in recent months; the Central Bank of Nigeria says it is working towards the gradual unification of exchange rates.  But what does the CBN&#8217;s recent move in asking lenders to bid for dollars at 5 per cent above the official rate mean for the markets going forward? Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.</p>


Naira Outlook: CBN working on gradual unification of exchange rates

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<p>A new private sector-led initiative is looking to crowd source funds from Nigerians to help about two million Lagosians whose livelihoods have been severely impacted by the Covid-19 pandemic. Yomi Adedeji, CEO of Softcom and Convener of the HelpNow Initiative joins CNBC Africa for more.</p>


covid-19

Chinese factories to face headwinds in next phase of post-lockdown recovery

COVID-19: A student’s perspective on the e-learning digital divide

Omnia delivers solid results from a stabilised business

Battles rages for control of the National Lottery

Rwanda reopens meetings & conferences to revive COVID-19 hit hospitality sector

COVID-19: What the reopening of domestic flight operations means for Nigeria’s aviation industry

World Bank: COVID-19 to push five million more Nigerians into poverty in 2020

AfCFTA: Wamkele Mene on why the free trade deal is Africa’s COVID-19 stimulus plan

How will COVID-19 impact Nigerian banks’ half-year earnings?

CSCS CEO on how the company is responding to the COVID-19 crisis

How will SA finmin Mboweni cut expenditure?

Olusegun Obasanjo on COVID-19 lessons for African economies & the AfCFTA

Ian Williamson outlines his plans for Old Mutual

COMMENT: COVID-19 – Yes, there is disruption, but also, opportunity

Man shot for allegedly hawking fake hand sanitizer – protesters torch police station

Naira Outlook: CBN working on gradual unification of exchange rates

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covid-19

Chinese factories to face headwinds in next phase of post-lockdown recovery

COVID-19: A student’s perspective on the e-learning digital divide

Omnia delivers solid results from a stabilised business

Battles rages for control of the National Lottery

Rwanda reopens meetings & conferences to revive COVID-19 hit hospitality sector

COVID-19: What the reopening of domestic flight operations means for Nigeria’s aviation industry

World Bank: COVID-19 to push five million more Nigerians into poverty in 2020

AfCFTA: Wamkele Mene on why the free trade deal is Africa’s COVID-19 stimulus plan

How will COVID-19 impact Nigerian banks’ half-year earnings?

CSCS CEO on how the company is responding to the COVID-19 crisis

How will SA finmin Mboweni cut expenditure?

Olusegun Obasanjo on COVID-19 lessons for African economies & the AfCFTA

Ian Williamson outlines his plans for Old Mutual

COMMENT: COVID-19 – Yes, there is disruption, but also, opportunity

Man shot for allegedly hawking fake hand sanitizer – protesters torch police station

Naira Outlook: CBN working on gradual unification of exchange rates

This crowdfunding initiative is helping vulnerable Lagosians during COVID-19

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