Tag: Economic Freedom Fighters

Clicks combs out hair-raising issue, vows to go after the EFF

Clicks is in hot water, after the retailer published a TRESemmé hair advert that was seen as racially offensive. It referred to black women’s hair as damaged, dry and dull; with white women’s hair described as was fine, flat and normal. Clicks has since removed the advert and apologized. In a bid to shut down trading at Clicks today, EFF members took to 37 stores to protest. Several stores have been damaged. Clicks CEO, Vikesh Ramsunder joins CNBC Africa for more.

Tracking business, market reaction to Ramaphosa’s State of the Nation Address

Yesterday’s sitting of the much anticipated State of the Nation address did not disappoint on the drama but many are reviewing key points made by Cyril Ramphosa such as private power production, the plan to establish a state bank and the crisis of unemployment. Joining CNBC Africa to unpack the SONA address is Sanisha Packirisamy, Economist at Momentum Investments, Kwena Mabotja, Africa Director for SAP Next-Gen and a Mandela-Washington Fellow and Xolisa Nqodi, Managing Director of Shesha Tuks.

SARB defends its role in VBS collapse

Reserve Bank Governor, Lesetja Kganyago, has defended the role they played as a regulator in the fall of VBS Mutual Bank. The Governer was responding to a question thrown at him during today's Association of Black Securities and Investment Professionals' annual conference.

EFF responds to Trump’s tweet on land

South Africa’s opposition party, the Economic Freedom Fighters, say it is not scared of the United States of America. This was one of the messages that came out of its media briefing this afternoon, following the US president’s tweet this morning. The issue of the nationalisation of the country’s reserve bank was also on the agenda. CNBC Africa’s Aviwe Mtila filed this report.

SA FinMin Nene moves to ease investor apprehension over expropriation

The rand has lost 11.9 per cent since the beginning of August as the sell-off in emerging markets continued triggered by the Turkish Lira. And locally there has been investor apprehension to land expropriation without compensation and the Economic Freedom Fighters tabling an amendment bill to nationalise the Reserve Bank. CNBC Africa’s Karabo Letlhatlha caught up with Finance Minister Nhlanhla Nene and his deputy at the financial results of the land bank and started by asking them about investor apprehension in the face of expropriation.

Winnie Madikizela-Mandela was more than a mother of a nation, her impact was felt across Africa

Politicians, ordinary people, supermodels and heads of state from all over the world came to give testimony to this great leader whose impact was felt across the world.

EFF protest poor state of public health facilities

EFF protest poor state of public health facilities

Zuma’s reluctance to leave office is offering sound lessons in democracy

Roger Southall, University of the Witwatersrand South Africa’s President Jacob Zuma is digging in his heels and refusing to relinquish the top job despite mounting pressure from his own party, the African National...