All eyes in South Africa are on the ANC, as the governing party scrambles to reign in corruption. President Cyril Ramaphosa committed to rooting out corruption from the beginning of his term. The theft of COVID-19 relief funds has put pressure for him to fulfil his promise and to hold perpetrators accountable. Joining CNBC Africa to provide insights into Ramaphosa’s attempts to clean up the ANC is Daniel Silke, Director at Political Futures Consultancy.
Nigeria’s National Economic Council (NEC) says the federal government has resolved to borrow two trillion from the current 10 trillion naira pension funds to finance the development of infrastructure. Niyi Falade, CEO of Crusader Sterling Pensions joins CNBC Africa to discuss this story.
The ANC NEC gathered at Luthuli house earlier to discuss plans to deal with South Africa's ailing economy based on a meeting they had over the weekend. The restructuring of state-owned enterprises, attacks on foreign nationals and gender-based violence was top priority. CNBC Africa’s Yolanda Mabanga filed this report.
At its next meeting, Nigeria's National Economic Council (NEC) will decide on the take-off date for the National Livestock Transformation Plan. This comes after a proposed budget of N100 billion was recently approved for this purpose. A move that has been received with mixed reactions. To discuss the sticking points, Emmanuel Ijewere, Chairman of Best Food Farms joins CNBC Africa for more.
Nigeria’s Presidential Election Petition Tribunal has granted the People’s Democratic Party (PDP) and its presidential candidate, Atiku Abubakar to call the witnesses lined up to prove their case. Meanwhile, the Independent National Electoral Commission (NEC) has directed all political parties to submit their 2019 election expenses list. Chude Achike, a Political Affairs Commentator joins CNBC Africa for more.
South Africa managed to sink to its lowest GDP performance in a decade just as the newly elected members of government took to their seats in cabinet. Whether this was a coincidence or not it lead the ANC to take a more aggressive stance towards the SARB. Daniel Silke, Author and Political Analyst joins CNBC Africa for more.
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