Statistician-General Pali Lehohla says higher education system is not producing graduates as quickly as it is taking in new students. Lehohla said the cause of this constipation in the system is caused by the problem in the basic education system.
Business for SA has estimated that South Africa’s GDP could drop between 8.8 per cent to 16.1 per cent in 2020, joining CNBC Africa to unpack more on this and the release of the ANC economic recovery strategy Post-COVID-19 is Cas Coovadia the CEO of Business Unity SA.
Banking group BNP Paribas has forecasted that South Africa’s GDP growth will contract by 8.5 per cent this year and warns of an even slower recovery in 2021. Joining CNBC Africa for more is Jeffrey Schultz, Senior economist at BNP Paribas South Africa.
More localisation, less globalisation – that’s what many are saying will be outcome of the Covid-19 pandemic following severe disruptions to global supply chains. This backdrop is expected to reverse the weak market fundamentals many South African focused companies have faced and could make some a good buy in the long term. That’s according to Wealth Management Group Oasis. Adam Ebrahim, Oasis Chief Investment Officer joins CNBC Africa for more.
Twenty eight banks are in the hot seat after the Competition Commission filed a new charge sheet against them to the Tribunal requesting they be prosecuted. The banks are accused of colluding to manipulate the dollar/ rand currency pair trading.to fix prices and divide markets, in contravention of the Competition Act. The banks now have an opportunity to respond to the charges. Hardin Ratshisusu, Deputy Commissioner of the Competition Commission joins CNBC Africa for more.
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Traders say the high demand and poor supply characterising Nigeria’s forex market for the past few months have resulted in fairly stable rates observed in the trading days this week. Ifeoma Onyejekwe, Fixed Income Trader at UBA joins CNBC Africa for more....
This morning it was announced that taxi motos are now permitted to accept passengers again after over two months of being off the road due to the dangers around the spread of Covid-19. This is good news not only for many of the 45,000 taxi-motorists in the country that depend on the income, but also for the thousands of citizens that they transport daily. CNBC Africa spoke to analyst, Moses Gahigi for more.
While hosting African Development Bank (AfDB) President Akinwumi Adesina on a courtesy visit at State House on Tuesday, Nigerian President Muhammadu Buhari said the country will support Adesina in his bid to get re-elected as President of the multilateral bank.
Sanlam Emerging Markets and its partners on the African continent invest over $12 million to fight COVID-19
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Sean Cannell makes tens of thousands of dollars a month as a professional Amazon reviewer. As part of the Amazon Affiliate program, Cannell reviews camera gear on his Think Media YouTube channel and makes a cut of every sale those reviews generates o
In 2006, little known economics professor Nouriel Roubini warned that the US housing market was at risk of collapsing. Fast forward two years and it did, triggering the global financial crisis. Roubini, now known is Dr Doom is forecasting another economic depression, contradicting the consensus view the recovery from Covid-19 will be V-shaped. Dr Adrian Saville, CEO of Cannon Asset Managers joins CNBC Africa for more.
With students working from home, companies across industries forced to move online and video conferencing services being more utilized now than ever; broadband, WiFi and mobile data capacity seems to be getting tested like never before. So can internet service providers stand up to the test? Robert Nkeramugaba, Senior Network Operations Manager, BSC joins CNBC Africa for more.
In Uganda, according to president Yoweri Museveni, the country will go ahead with its plan to re-open the country despite recording more than 150 Covid-19 cases in three days. Moreover, European Union gives Uganda about $198 million to fund coronavirus response. CNBC Africa spoke to Qatahar Raymond Mujuni, a journalist for more.
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