Tag: Tito Mboweni

How SA’s R200bn Covid-19 loan scheme for small businesses works

In order to help small and medium enterprises, support the economy and save jobs, the South African Reserve Bank (SARB) and the National Treasury are partnering with members of the Banking Association South Africa (BASA) to roll out a R200 billion Covid-19 loan scheme.

Is R800bn stimulus enough for markets?

Joining CNBC Africa for a look at the local markets is Dale Hutcheson, Fund Manager, Absa Asset Management.

COVID-19 Stimulus: How to avoid giving money to hackers

While governments try to boost their economies with trillions of dollars in stimulus packages to fight COVID-19, hackers are trying to stimulate their pockets. The number of cybercrime cases related to the coronavirus is rising and to tell us how hackers are doing this CNBC Africa spoke to Pankaj Bhula, Regional Director Africa, Check Point.

COVID-19: SA will leave no stone unturned in obtaining funding from multilateral institutions to assist its economy – Finmin Mboweni

South Africa is talking to most of the world’s multilateral institutions for money to help dig it out of the economic hole created by COVID-19 pandemic and its 35-day lockdown.

Government’s response to Moody’s downgrade of SA to junk status

Covid-19 and South Africa's downgrade to junk will truly test South African financial markets.

Kenya raids shop selling fake coronavirus kits as Liberia confirms first case

Police detained staff and locked the facility, witnesses told Reuters journalists at the scene, after the shop had been advertising testing kits online.

Finmin Mboweni on why interest-rate cuts are not the answer

Following the announcement of a national disaster in response to COVID-19 by president Cyril Ramaphosa yesterday, most were left wondering if finance minister Tito Mboweni would be announcing a stimulus package today but instead this is what the minister had to say.

Cosatu vs Mboweni over 2020 budget cuts

Cosatu General Secretary, Bheki Ntshalintshali and Xhanti Payi, Economist & Lead Researcher at Nascence Advisory spoke CNBC Africa in light of Finmin Mboweni’s proposal to cut the state's wage bill by R160.2 billion over three years.