The World Bank says losses in wealth due to gender inequality resulting from differences in lifetime earnings between women and men are estimated at about 2.5 trillion dollars for sub-Saharan Africa. Serah Makka-Ugbabe, Nigeria Country Director at One Campaign joins CNBC Africa to discuss the cost of inequality in Nigeria.
The Strategic Fuel Fund is the state-owned entity that manages South Africa's strategic crude oil stockpile has appointed the former director general for the Department of Energy, Nelisiwe Magubane as its new chairperson. Nelisiwe joins CNBC Africa for more on her new role amid the global oil price and output tensions.
Petrol prices in South Africa hiked up yesterday amid most of the global economy reopening and oil supply expected to rise. However, according to concerns raised by the parliamentary portfolio committee, they may be a diesel shortage in South Africa due to the slowdown in national refinery production. Joining CNBC Africa for more is Avhapfani Tshifularo, Executive Director at the SA Petroleum Industry Association.
One of the hardest hit industries during the Covid-19 crisis is the automotive sector, with South Africa’s new vehicle sales for the month of May plunging by 68 per cent in and 98 per cent in April. The slowdown in car manufacturing and consumer purchasing power was due to the strict Covid-19 lockdown that was implemented by the South African government at the end of March. Joining CNBC Africa for more is Mike Mabasa, CEO, National Association of Automobile Manufacturers of South Africa.
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.
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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.
Sanlam Emerging Markets and its partners on the African continent invest over $12 million to fight COVID-19
As we go through this global pandemic together, it is the little things we miss. A high five, a handshake, a walk...
Demand for oil has fallen to unprecedented levels, resulting in oil prices turning negative for the first time in history. From the price war between Saudi Arabia and Russia to the pandemic, CNBC’s Nessa Anwar explores what this might mean for the commodity in the long-term. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi...
South Africa’s aviation sector partially reopened from Covid-19 lock-down’s this week, with the resumption of domestic business travel being allowed to take off. To understand what steps have been taken to maximise passenger safety at the country’s airports we speak with Refentse Shinners, Group Executive of Corporate affairs at the Airports Company of South Africa.
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
The COVID-19 pandemic, coupled with South Africa’s slowing economy has created a double setback for the construction industry. That’s according to financial services group Old Mutual. Last month construction firms, Group Five and Esor, both in business rescue announced that they would be delisting from the JSE. Today, WBHO warned annual profits would plunge 150 per cent, reflecting the impact of the Covid-19 lock-downs. Ian Woodley, Analyst: Old Mutual Equities and Arthur Karas, Portfolio Manager: Old Mutual Investment Group Macro Solutions join CNBC Africa for more.
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