Tag: global markets
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.
This week Zimbabwe suspended the transfer of local shares in dual-listed companies to foreign bourses for the next 12 months. Joining CNBC Africa to unpack more on this and the developments of the declaration of COVID-19 being a national disaster in Zimbabwe is Batanai Matsika, Head of Research at Morgan & Co.
In morning trade oil rose by $1 to around $30 per barrel after the recent sharp declines due to the impact of the covid-19 pandemic and oil price war between Saudi Arabia and Russia, joining CNBC Africa to unpack the oil market outlook as well the global stock market overview is Stephen Innes, Global Chief Markets Strategist at AxiCorp.