Tag: economic growth
The COVID-19 storm has ravaged big corporations across the world and here in South Africa is no different, but is this trend seen across the board with the small caps sector as well? Anthony Clark, Independent Analyst at Small Talk Daily Research joins CNBC Africa for more.
Mozambique is seen as a growth potential for investment opportunities, according to the International Monetary Fund its GDP is predicted at 5.5 per cent in 2020 and inflation projected to remain low, increasing slightly to 5 per cent at the end of the year. Ettiene Erasmus, Entrepreneur of Mozambique Property Developments & Investments joins CNBC Africa for more.
“I am concerned that our government’s lockdown approach and the subsequent economic hardship inflicted on our people will cost more lives than it can save,” writes Andrew Lapping, Chief Investment Officer at Allan Gray.
In order to help small and medium enterprises, support the economy and save jobs, the South African Reserve Bank (SARB) and the National Treasury are partnering with members of the Banking Association South Africa (BASA) to roll out a R200 billion Covid-19 loan scheme.
As households and businesses in South Africa struggle to cope with the current economic turmoil and uncertainty brought upon by the COVID-19 pandemic, the Prudential Authority (PA) has welcomed the measures taken by banks to support their customers financially.
Acutely aware of Ethiopia’s vulnerability to the health and economic repercussions of the COVID-19 pandemic, Prime Minister Abiy Ahmed urged “collective leadership and coordinated responses” to overcome the challenges posed by the unprecedented shock.
Small and Medium Enterprises are important drivers of Africa’s economic growth, accounting for up to 90 per cent of all businesses in these markets. Now with almost everything put to a halt due to COVID-19 outbreak, this sector is expected to be hit hard. EFI Hub CEO, Anu Shah joins CNBC Africa to discuss measures to minimize the loss.
Since the late 1980s African governments have fully embraced foreign direct investment as a major driver of growth. But they aren't getting as much as they should. Here's why...