Nedbank had to readjust their growth forecast for 2019 to 0.9 per cent after the first quarter of the year. Load-shedding had a big impact on driving down their previous growth figure of 1.3 per cent. Nedbank Economist, Busisiwe Radebe spoke to CNBC Africa’s Kopano Gumbi about her outlook after the election.
Physical distancing as a measure to avoid the spread of COVID-19 pandemic is highlighting the necessity to create more public spaces and inclusive streets in African cities. Constant Cap, Urban Planner at Naipolitans joins CNBC Africa for more.
Investor appetite has been affected as a result of the pandemic and with this so have the practices of many businesses on the continent.
Members of the African Union had set July 1 as the day to operationalize the African Free Trade Area Agreement but with COVID-19 pandemic affecting all member countries, this has been pushed back to a yet to be named date though some experts believe the AfCFTA implementation should go ahead. So could this be an opportunity for improved Intra Africa trade? Hippolyte Fofack, Chief Economist Afreximbank joins CNBC Africa for more.
Rui Oliveira, CEO at BFA Asset Management joins CNBC Africa to unpack African Lusophone countries response to the Covid-19 pandemic as well as these countries monetary responses to aid the economy during the current social and financial crisis.
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Quite frankly, be candid… What African mining bosses and the minister call each other behind closed doors
For years it has been daggers drawn between government and mine owners in disputes over mining regulations that the latter fear are driving away investors from starting new mines.
Covid-19 has left many businesses with the stark reality of closing down or adapting. One company that is doing the latter is Droppa. Its CEO Khathu Mufamadi joins CNBC Africa for more.
Famous Brands, the owner of several of South Africa’s best loved restaurant chains has scrapped its dividend for the second half of its financial year to preserve its balance sheet. The owner of Steers and Tashas warned that the COVID-19 pandemic has had a significant negative impact on the group. Famous Brands CEO, Darren Hele joins CNBC Africa for more.
The Covid-19 lock-down has put pressure on individuals and businesses’ finances like never before. But what can be done to ease the pressure? Basani Maluleke, CEO, African Bank joins CNBC Africa for more.
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The Covid-19 pandemic has far-reaching economic ramifications on the productivity and profits of many industries without the exception of the mining industry. For more than a century mining was a flourishing industry in South Africa. In 2019 it contributed close to R361 billion or 8.1 per cent to SA’s GDP and over R91 billion to fixed investment. It employed 454,861 people and paid R24.3 billion in taxes. Since early March, the mining industry’s average share price has dropped 10 per cent and individual companies have lost 30 to 50 per cent of their market value. Is mining too deep in the Covid-19 crisis? How can the mining industry pave the way to total recovery and become the sunrise industry it wants to be?...
Sir Richard Branson has cut a figure as a brash and rebellious impresario who took on big businesses with his larger-than-life personality, charm, and sheer guts. The Virgin Atlantic airline Branson started and grew from an industry underdog to a maj
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