IFC on why the informal sector remains integral SA’s growth

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How COVID-19 cooked the golden goose – The SA chef who went from golden days to zero.

“The smaller jobs would cover your costs and a big corporate gala dinner, with 200 people, would be the cherry on top,”

Twitter CEO Jack Dorsey pledges $1 billion of Square stake for COVID-19 relief efforts

Twitter Inc (TWTR.N) Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc (SQ.N), the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.

COVID-19 business survival – Billionaires run off their feet in the dash for cash.

The applicants reflect a cross section of South African small business: a wine bottling company with three employees and facing closure; a private school; a travel agent; a beauty parlour; a company supplying solar power for households wanting to go off the grid along with scores of shops and restaurants.

A report by the International Finance Corporation has been released where more than 2 500 SME’s across the country were interviewed generating key findings aimed at stakeholders in support of SME growth. Adamou Labara, Country Manager, Southern Africa, International Finance Corporation joins CNBC Africa for more….

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Rand hits record low, goes over 19 to dollar as Fitch downgrades SA further into junk status

Last Friday Moody’s, the last rating agency to rate South Africa investment grade, cut South Africa’s sovereign credit rating to junk in line with economists’ forecast. Today Fitch further downgraded the country sending the rand plunging over 19 rand to the dollar. Below it gives its reasons...

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Global leaders issue G20 call to action to co-ordinate world response to COVID-19

A group of 165 past and present global leaders have come together to demand the creation of a G20 executive task force and an immediate global pledging conference to approve and co-ordinate a multi-billion dollar fund to fight against the COVID-19 pandemic.

Ibrahim Mayaki on AUDA-NEPAD’s COVID-19 response plan

The African Union’s Development Agency-NEPAD says Africa has a window of opportunity to learn from the patterns, trends and experiences of high-risk countries that designed and implemented responses to slow down the spread of the COVID-19 pandemic and protect populations from the socio-economic adverse impact. Ibrahim Mayaki, the CEO of the African Union Development Agency- NEPAD joined CNBC Africa’s Kenneth Igbomor and Fifi Peters to share the agency’s response plan for COVID-19.

COVID-19: IMF considering Nigeria’s financing request

The Managing Director of the International Monetary Fund, Kristalina Georgieva says the fund is working hard to respond to Nigeria’s request so that a proposal can be considered by the IMF’s Executive Board as soon as possible. Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed had disclosed that Nigeria had applied to IMF’s Rapid Credit Facility. Kyari Bukar, Former Chairman of the Nigeria Economic Summit Group joins CNBC Africa more.

SMME grocery stores permitted to operate during South Africa’s COVID-19 lockdown

South Africa’s Minister of Small Business Development, Khumbudzo Ntshavheni, has issued directions aimed at helping SMMEs operating grocery stores in the country, including corner shops, spaza shops and fruit and vegetable stores, comply with the government’s COVID-19 lockdown regulations.
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