Tag: South Africa
Fitch expresses doubt over SA’s debt consolidation plans
Just last week finance minister Tito Mboweni outlined the emergency budget to nurse South Africa through the Covid-19 crisis. A big part of this budget was a plan for South Africa to get its debt under control within four years. Fitch Ratings, the agency that downgraded South Africa in April doubts whether South Africa can do this. CNBC Africa’s Chris Bishop spoke to Jan Friederich, Senior Director of Fitch Ratings for more.
Positive economic growth prospects fuelling Mozambique property rush
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.
Roelof Botha: SA’s construction industry in need of COVID-19 recovery plan, here’s why
The Afrimat Construction Index for the first quarter of 2020 has shown significantly depressed figures with the index itself falling by more than 27 per cent. Roelof Botha, Economist and Head of the Afrimat Construction Index, urges that these figures prove how important the recovery plan is for the construction sector.
Progressive Health Forum calls for increased private sector role in COVID-19 fight
A cooperative and cohesive public and private sector healthcare system would be the best response to the Covid-19 crisis in South Africa; this is according to representative organisations of South Africa's medical profession and the Progressive Health Forum. However, according to Dr Aslam Dasoo authorities have not engaged with the private healthcare sector as much as it should, Dr Dasoo, Member of the Progressive Health Forum joins CNBC Africa for more.
As the new POPI Act takes effect, here’s what you need to know
The much debated Protection of Personal Information Act is being put to bed. President Cyril Ramaphosa announced on the 22nd of June that all operational provisions of POPIA will officially commence on 1 July 2020, except for two provisions, sections 110 and 114(4), which will only commence on 30 June 2021. Is it worth it for businesses not to comply and what are the security issues around it? Wale Arewa, CEO of Xperien and Leishen Pillay, Associate Director of Privacy and Technology at Deloitte join CNBC Africa to give insight.
SAA ready to cede control to private investors
Is the South African government prepared to let go of control of its ailing airline South African Airways in a bid to save it? "We are not obsessed with control," the deputy director general of the Department of Public Enterprises was quoted as saying. He added that the government was ready to cede management control to private investors. What does this mean for business - is it practical? Air News Editor, Heidi Gibson joins CNBC Africa for more.
COVID-19: Trend Micro’s Siriniwasa on the cybersecurity implications of working remotely
As most organisations now turn to the digital space and adapt to remote working, cybersecurity security awareness is increasing. A study from Trend Micro found that 66 per cent of remote workers in Nigeria, Kenya and South Africa are more conscious of their organisation’s cybersecurity policies since the COVID-19 lockdowns began. Indi Siriniwasa, Vice President of Sub Saharan Africa at Trend Micro joins CNBC Africa for more.
SAA business rescue plan continues to see grey skies
Embattled state owned carrier South African Airways continues to see grey skies as its business rescue plans have been pushed back countless of times in the past six months, as well as recently being criticised by the courts for not making meaningful progress. Joining CNBC Africa for more on SAA’s business rescue is George Nel, Senior Business Rescue Practitioner at Corporate Business Rescue.
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