The rand remains weak against the dollar after ratings agency Moody’s cut its forecast for South Africa’s economic growth, raising fear through the markets that we are due for a downgrade. The Moody’s report also cited a decrease in its growth forecast for China to 5.2 per cent as the coronavirus takes a knock on global growth expectations. Moody’s has noted the Covid-19 impact on Chinese markets but how JSE listed companies exposed to Chinese markets reacting to the epidemic, joining CNBC Africa is Jean Pierre Verster, CEO at Protea Capital Management.
The operationalization of the African Continental Free Trade Area agreement was supposed to take place at the beginning of this month but just like many developments it has been set back by the COVID-19 pandemic. CNBC Africa spoke to former Nigerian President Olusegun Obasanjo on how AfCTA can get back on track.
After two stints as acting CEO of Old Mutual, the pan- African Financial services group has made official Iain Williamson’s role as head of the company. Williamson first served as acting Old Mutual in 2017 and again in 2019 when the company fired its former CEO Peter Moyo following a conflict of interest that resulted in breakdown of trust and confidence. Iain Williamson joins CNBC Africa for more.
I heard President Cyril Ramaphosa comment that he is currently spending 18 to 20 hours a day in meetings. None of us are in quite the same position as the President, but we face great challenges with our time and mental resources. When work and home are one and the same, it’s easy to blur or forget the boundaries.
he police officer fired his weapon after a verbal argument with the man selling the counterfeit product in an open-air market in Kisii County, western Kenya, on Sunday, the report said.
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