Tag: global markets

Traditional banking and financial services has been disrupted by the accelerated need for digitisation and fintech amid the Covid-19 crisis. Joining CNBC Africa to unpack how global markets and African financial services are surviving the current crisis is John Garvey, Global Financial Services leader at PwC.

Despite the recovery in share prices globally and in South Africa following the sharp sell-off in March, it is evident that significant downside risk remains due to muted consumer demand, distressed companies, and consensus of a global recession amidst no clear timeline for a return to normality. Market risks are also evidenced by necessary and unprecedented fiscal and monetary stimulus interventions domestically and globally. This is the word from Benedict Mongalo, Chief Investment Officer at Independent Fund Manager, Novare Investments who joins CNBC Africa for more.

The drastic fluctuations have caused panic and lots of anxiety. Despite all the market drama, investment firm Alexander Forbes says it’s important to remember that after every crash – there is a recovery. And this has been proven by history. Janina Slawski: Head of Investment Consulting, Alexander Forbes joins CNBC Africa for more?

The coronavirus economic shock is expected to plunge Africa to its weakest growth rate since the 1990s. That’s according to preliminary research from NKC African economics. Key sectors such as tourism, exports and trade are expected to get knocked inflating the continents challenges around unemployment and poverty. Francois Conradie, Senior Political Economist from NKC African Economists joins CNBC Africa for more.

South Africa's Reserve Bank says its latest round of monetary support in which it will be buying bonds in the secondary market is not quantitative easing despite market commentators saying that it is. CNBC Africa’s Chris Bishop spoke to Deputy SARB Governor, Fundi Tshazibana to set the record straight.

While most companies prepare to go on lock-down at midnight tomorrow – the JSE will continue, business as usual. Africa’s largest exchange was recognised as an essential service exempt from the three week lock-down by the country’s President Cyril Ramaphosa. Joining CNBC Africa for more is Leila Fourie, CEO, JSE.

South Africa is grappling with a national lock-down to contain the spreading of COVID-19 in a slowing global economy. It also has the headache of an imminent Moody’s downgrade and an economy in recession. John Orford, Portfolio Manager at Old Mutual Investment Group joins CNBC Africa for more.

The last month has seen the most brutal stock market crash that most investors have experienced. Is it time to buy the crash? Peter Armitage, CEO and Co-Chief Investment Officer at Anchor Capital joins CNBC Africa for more.