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<p>South Africa has announced a suite of social relief packages for individuals and businesses affected by the Covid-19 lockdowns as well as the recent riots. Joining  CNBC Africa to analyse how effective these measures will be in rebuilding the economy from these shocks is Martin Kingston, Chairman of the B4SA Steering Committee.</p>


B4SA welcomes government intervention to rebuild economy after violent riots

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<p>South Africa’s move to a more stringent lockdown for the next 14 days will no doubt knock certain industries , in particular the hospitality sector. Joining CNBC Africa for this discussion are Wendy Alberts, CEO of The Restaurant Association of South Africa, Cas Coovadia, CEO of Business Unity SA and Martin Kingston from B4SA.</p>


Business decries lack of consultation as SA tightens COVID-19 measures

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<p>This week, South Africa’s Health Minister confirmed that South Africa has entered a second wave of COVID-19 infections. This is nine months after businesses stopped almost all economic activity, to slow the spread of the virus. How will the country manage the second wave without putting further pressure on the economy? Martin Kingston, Steering Committee Chairperson at Business for South Africa joins CNBC Africa for more.</p>


How SA businesses are responding to second COVID-19 wave

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<p>Emerging markets have been riding a wave of optimism, with Democratic leader Joe Biden becoming President-elect in the United States. We have seen the Rand trading on happy ground for over a week, with hopes that the change in administration in the U.S. will benefit South Africa. Joining me to unpack what this means for the country is Jameel Ahmad, Director of Investment Strategy at NAGA &#038; Martin Kingston, Steering Committee Chairperson at Business for South Africa.</p>


US Elections: What does a Biden win mean for South Africa?

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<p>From this morning, South Africa entered into softer lock-down regulations. Under level 2 regulations, almost all economic activity has been allowed to resume. The previous lock-down levels have been extremely challenging, and Business for South Africa is calling for swift reforms to accelerate inclusive growth. Joining CNBC Africa for more is Martin Kingston, Steering Committee Co-Chairperson for Business for SA.</p>


B4SA calls for swift economic reforms in South Africa

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<p>As South Africa moves to flatten the curve from the COVID-19 pandemic, business says efforts needs to be made to simultaneously flatten the recession curve. Currently the nation awaits President Ramaphosa’s economic recovery plan which is expected to outline how government plans to reignite South Africa’s growth engine again. Business for South Africa’s Martin Kingston joins CNBC Africa for more.</p>


COVID-19: Martin Kingston on how to flatten SA’s recession curve


<p>By Chris Bishop</p>



<p>A million jobs lost and a contraction of GDP of between 8 and 10 per cent this year. This was the bleak picture of the South African economy painted by the business-driven action group in the front line of the battle against COVID-19.</p>



<p>South Africa’s economy has been struggling for the best part of a decade against problems compounded by the downgrade to junk by Moody’s on the first day of the country’s lockdown on March 28. It has made the country’s goal of around 5 per cent GDP growth – the figure needed to keep up with new employees coming into the job market – a mere pipe dream.</p>



<p>“Our view is there is going to be a very significant 8 to 10 per cent contraction in the economy for 2020 depending on the length and extent of the lockdown and also the lockdown in our trading partners. Capital flow is going to be restricted over the year…Shifts in commodity prices are also going to fuel the number of people going into the ranks of the unemployed. A million people added to the unemployment numbers is what we expect and we are looking at the appropriate safety nets that business can provide,” says banker Martin Kingston of Business for SA COVID-19 a group made up of Business Unit South Africa and the Black Business Council.</p>



<p>Business for SA said it was unclear how long the lockdown in South Africa may last or how it could be relaxed, but was in discussions &nbsp;about how money could be used to limit the damage.</p>



<p>“We are in discussions with banks about injecting liquidity into the system. Economic recovery, 2021 and beyond we are going to need more liquidity. We are also in discussions with the Reserve Bank about how to manage risk in the future,” says Kingston.</p>



<p>Stavros Nicolaou, who is heading up the health section for Business for SA, said the country would know in the next two weeks more about how serious the outbreak is going to be. It is equipped to carry out 25,000 tests- a-day. &nbsp;</p>



<p>“Ï think the next two weeks will give us a good measure of how the patterns are emerging,” says Nicolaou during the online briefing. He said 10,000 volunteers were working with the nationwide screening process.</p>



<p>Business for SA was also procuring 1.2 million gloves and six million surgical masks as well as looking to ease the import of much needed ventilators to help fight the pandemic. &nbsp;&nbsp;</p>


BUSA on how SA’s lock-down will impact its members

COVID-19: SA economy to shed a million jobs and shrink by up to 10 per cent.

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<p>South African business say they support government’s plans to fight the spread of COVID-19 through a 21 Day national shutdown. Martin Kingston, Vice President, Business Unity South Africa joins CNBC Africa for more.</p>


What SA’s lockdown will mean for business

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<p>Dr Richard Maponya, an icon of black business people in South Africa is being honoured at a memorial service today in Sandton. CNBC Africa&#8217;s Karabo Letlhatlha reports.</p>


Honouring the legacy of Richard Maponya

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<p>The Integrated Resource Plan is expected to be tabled in cabinet for approval by the end of the week. The plan is set to map out the future of power generation in South Africa using the least-cost model which favours wind, solar and gas power. Business Unity South Africa Deputy President, Martin Kingston joins CNBC Africa for more.</p>


BUSA weighs in on IRP Plan, Eskom

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<p>South African Airways has appointed Zuks Ramasia acting CEO to replace outgoing CEO Vuyani Jarana. She is the current General Manager of operations. The embattled airline has begun a domestic and global search for a new CEO, it said during a press conference. It is also looking to strengthen its board and has appointed Adam Voss to SAA technical. CNBC Africa reporter Karabo Letlhatlha spoke to SAA Board Member, Martin Kingston for more.</p>


martin kingston

B4SA welcomes government intervention to rebuild economy after violent riots

Business decries lack of consultation as SA tightens COVID-19 measures

How SA businesses are responding to second COVID-19 wave

US Elections: What does a Biden win mean for South Africa?

B4SA calls for swift economic reforms in South Africa

COVID-19: Martin Kingston on how to flatten SA’s recession curve

COVID-19: SA economy to shed a million jobs and shrink by up to 10 per cent.

What SA’s lockdown will mean for business

Honouring the legacy of Richard Maponya

BUSA weighs in on IRP Plan, Eskom

SAA appoints Zuks Ramasia as acting CEO, commit to turnaround plan

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martin kingston

B4SA welcomes government intervention to rebuild economy after violent riots

Business decries lack of consultation as SA tightens COVID-19 measures

How SA businesses are responding to second COVID-19 wave

US Elections: What does a Biden win mean for South Africa?

B4SA calls for swift economic reforms in South Africa

COVID-19: Martin Kingston on how to flatten SA’s recession curve

COVID-19: SA economy to shed a million jobs and shrink by up to 10 per cent.

What SA’s lockdown will mean for business

Honouring the legacy of Richard Maponya

BUSA weighs in on IRP Plan, Eskom

SAA appoints Zuks Ramasia as acting CEO, commit to turnaround plan

News Tips

Advertise With Us

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