Andy Duplessis, Managing Director, FoodFoward SA spoke to CNBC Africa about Ramaphosa’s R500bn COVID-19 stimulus package and that the aid reaches the intended beneficiaries.
Last night South African President Cyril Ramaphosa announced a R500 billion economic recovery stimulus package as a national response to deal with the devastating impact of the Covid-19 pandemic on the country. Joining CNBC Africa to unpack this is Economist, Mike Schüssler.
South Africa’s consumer price inflation slowed to 4.1 per cent year-on-year in March, from 4.6 per cent in February. The main contributors to the 4.1 per cent annual inflation rate were food, non-alcoholic beverages; housing and utilities. Joining CNBC Africa to unpack more is Patrick Kelly, Chief Director at Stats SA.
Joining CNBC Africa to discuss the mix of global and local market news is Edgar Mafoko, Investment Portfolio Manager at FNB.
South African President, Cyril Ramaphosa joined us for an exclusive 60 minute interview earlier today to discuss business, economics and the direction of Africa’s most industrialised nation. Joining CNBC Africa to unpack this interview is Jacques Nel, Economist for Southern and East Africa at NKC African Economies and Peter Worthington, Economist at Absa.