Ecsponent’s move to IFRS 9 has negatively impacted its interim results. The micro lender also revealed that it has taken control of Frankfurt-listed MyBucks SA. Joining CNBC Africa to discuss these changes is Terence Gregory, CEO of Ecsponent.
A total of 19485 tests were conducted in the last 24 hours. There are 1245 new cases of COVID-19. Sadly, we report 22 new COVID-19 related deaths & send our condolences to the loved ones of the deceased. We wish to thank the healthcare workers for their hard work and sacrifice.Distributed by APO Group on behalf of National Institute for Communicable Diseases, South Africa (NICD).Media filesDownload logo
COVID-19 ECOWAS Daily Update for May 24, 2020Distributed by APO Group on behalf of West African Health Organization (WAHO).Media filesDownload logo
Tests conducted: 583855 Positive cases identified: 22583 Recoveries: 11100 Deaths: 429 New cases: 1240Distributed by APO Group on behalf of Republic of South Africa, Department of Health.Media filesDownload logo
Central (11,416 cases; 334 deaths; 3,051 recoveries): Burundi (42; 1; 20),Cameroon (4,400; 159; 1,822), Central African Republic (604; 1; 22), Chad (675; 60; 215), Congo (487; 16; 147), DRC (2,297; 67; 337), Equatorial Guinea (719; 7; 22), Gabon (1,934; 12; 459), Sao Tome & Principe (258; 11; 7) Eastern (12,189; 332; 3,283): Comoros (87; 1; 21), Djibouti (2,270; 10; 1,064), Eritrea (39; 0; 39), Ethiopia (582; 5; 152), Kenya (1,214; 51; 383), Madagascar (527; 2; 142), Mauritius (334; 10; 322),
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Hospital group Netcare saw a plunge in its hospital admissions in March and April with last month’s figures falling by 49.5 per cent. However, the group has noted that the easing of lock-down restrictions in May has seen a slight uptick in hospital patients. The group has scrapped its interim dividend and has committed R150 million to prepare its ICU and high care facilities to deal with Covid-19 cases. Dr Richard Friedman, CEO, Netcare joins CNBC Africa for more.
Nigeria’s GDP data and MPC announcement is expected later this week and Moody’s has changed the outlook on Namibia’s sovereign rating to negative from stable as it sites economic and financial pressure on Namibia amid the Covid-19 crisis. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.
According to the United Nations Conference on Trade and Development, global trade is predicted to fall by a record 27 per cent in the second quarter of 2020. In this episode of Doing Business in Rwanda, we take a look at the impact COVID-19 has had on trade and the establishment of cross border cargo transit logistics platform to curb the spread of the virus and facilitate smooth trade between neighbouring countries....
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Food giant Tiger Brands has passed on paying a dividend as it faces job losses and cost-cutting in its operations after a bruising first half trading on the cusp of COVID-19.
Food producer Tiger Brands reported a 35 per cent fall in half-year headline earnings and has deferred its interim dividend due to uncertainty by the Covid-19 outbreak. The group expects Covid-19 to unfold significant challenges to the business in the near future. Tiger Brands CEO, Noel Doyle joins CNBC Africa for more.
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