For decades now, Cape Town has been South Africa’s tourism crown jewel and able to attract both business travellers and tourists alike. But with Day zero fast approaching, how will the water shortage impact the tourism sector?
The World Bank says the outbreak of the COVID-19 pandemic is expected to push five million more Nigerians into poverty this year as the pandemic is threatening the ability of Nigerian households to generate income to meet their basic consumption needs. Bismarck Rewane, CEO of Financial Derivatives joins me from Lagos for this conversation.
The African Continental Free Trade Area promises to be of the biggest economic stimuli for trade on the African continent. But like many projects, it has been hampered by the Covid-19 pandemic. The deal, which aims to boost intra-Africa trade, was launched over a year ago. Commerce was due to start this month; however, it will be implemented in January due to delays. Wamkele Mene, Secretary-General of the African Continental Free Trade Area spoke to CNBC Africa for more....
This month marks a year since the Central Bank of Nigeria introduced the Loan-To-Deposit-Ratio policy. Nigeria's apex bank says banks total credit rose to 3.1 trillion naira on the performance of the LDR policy. Muyiwa Oni, Regional Head, Equity Research at Standard Bank Group joins CNBC Africa for more.
Shareholders of the Central Securities Clearing System approved dividend payments which translate to a 22.8 per cent year-on-year growth in returns to shareholders.
Subscribe to our newsletter
Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox
More from CNBC Africa
JOHANNESBURG (Reuters) - Parts of South African retail chain Edcon are likely to be sold to private equity-backed Retailability Ltd, administrators in...
JOHANNESBURG (Reuters) - Africa is expected to partially rebound next year from a pandemic-induced economic slump, but it could still lose nearly...
The rosy outlook stands in stark contrast to the dismal industrial landscapes of other economies still fighting COVID-19. Factory output plunged further in May from a year earlier in Japan, South Korea and the United States. Euro zone manufacturing output fell by a record 28% in April.
But in an open letter to the Geneva-based agency, published on Monday in the Clinical Infectious Diseases journal, 239 scientists in 32 countries outlined evidence that they say shows floating virus particles can infect people who breathe them in.
As an executive decision-maker in both the telecommunications and tourism industries, Godwin Makyao could not have experienced a more diverse set of...
Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to...
The Geneva-based body is seeking a replacement for Brazil’s Roberto Azevedo who is stepping down a year early at the end of August at a critical juncture for the trade watchdog.
On the 10th of September, 2001 – you could walk up to an airline counter, buy a ticket with no ID, walk straight through to the gate, get on a plane, pop into the cockpit to say hi to the captain, and within reason do what you wanted.
HARARE (Reuters) - Zimbabwe should implement sustainable political and economic reforms and successfully complete an IMF monitoring programme in order to normalise...
Since the gradual opening of the economy after lock-down there has been a sharp incline of COVID-19 cases. The government has the task of balancing the health of the people with keeping the economy going and opening the schools. How is the Gauteng provincial government helping? The Gauteng MEC for education is laying out the plans to welcome back school goers....
- Advertisement -