PSG CEO Piet Mouton’s impassioned plea to SA’s President: act faster in lifting restrictions to rejuvenate the economy
Without swift action the economic consequences will be disastrous.
The COVID-19 21-day lockdown, imposed by South African President Cyril Ramaphosa on Thursday, 16 April 2020, will have an impact on tax and unemployment-related matters.
Nigerians will start paying a new 7.5 per cent Value Added Tax (VAT) on products as part of over 90 changes to 7 tax laws as the newly signed Finance Bill becomes law. Meanwhile, as Nigeria’s Economic Recovery Growth Plan winds down this year, local papers say a new plan is underway. Nonso Obikili, Director of Turgot Centre for Economics and Policy Research joins CNBC Africa from Abuja for more.
Nigeria's government has proposed to raise the country's value-added tax (VAT) to 7.2 from 5 per cent next year. To discuss the wider implications of this move, Group Managing Director and CEO of Zedcrest Capital, Dayo Amzat joins CNBC Africa for more.
Stockbrokers will now charge 5 per cent VAT on transactions on the Nigerian Stock Exchange (NSE) as the five-year Order for Exemption of VAT on all NSE transactions expires. So what are the implications? CNBC Africa’s Christy Cole is joined by Managing Director of Capital Bancorp, Aigboje Higo, partner & West Africa Tax leader at PwC Nigeria, Taiwo Oyedele, Executive Chairman of FIRS, Babatunde Fowler and Chief Equity Analyst of Palesa Capital, Nornah Awoh for more.
Moody’s is the only ratings agency to still have South Africa above junk status. Will it change its mind after Wednesday’s Budget? CNBC Africa spoke to Lucie Villa, Moody’s Lead Sovereign Analyst for South Africa to find out.
Top rated economist Gina Schoeman from Citi Global Markets rates the Budget 2019 speech that happened yesterday.
Eskom maybe getting a bailout but the risk of load shedding remains. An alternative in renewable energy could be available; CNBC Africa’s Kopano Gumbi is out in Johannesburg with Tim Frankish of SolarSaver, a solar energy company hoping to offer solutions.