As South Africa’s economy prepares to exit level 5 of Covid-19 lock-down’s at midnight, the country’s bonds are also counting down to their exclusion from the World Government Bond Index (WBGI). Economist had forecast an exodus of between $8 to $11 billion in capital outflows that would follow South Africa’s exit from the WBGI. This would be outflows from foreign investors whose mandates do not allow them to hold junk rated bonds in their portfolio. Do these forecasts still stand or has Covid-19 changed things? Rashaad Tayob, Fund Manager, Abax investments and James McDonald, CEO & CIO of Hercules Investments join CNBC Africa for more….
One is left stunned and bewildered that the leader, supposedly of the free world, only interest and concern is for the police to turn on its people, when what is needed and required, is leadership, compassion, understanding, empathy and solidarity at a time of multiple distress, pain and anguish.
Minister in the Presidency Jackson Mthembu said government will challenge a court ruling that found lock-down level 3 and 4 regulations unconstitutional.
The months between May and August, and again in December, are often referred to in Rwanda as “Wedding Season”; a time when tens if not hundreds of couples take advantage of the good weather and visiting family members to have their wedding ceremonies. CNBC Africa spoke to Co-Founder of Tamiim Beauty, Ivan Mugemanyi for more.
Nigeria’s National Assembly has approved the $5.5 billion external loan request of the executive arm of government to fund the country's budget deficit. While addressing the revised Medium Term Expenditure Framework and Fiscal Strategy Paper, the lawmakers raised the oil price benchmark to $28 per barrel from the $25. Dayo Amzat, Managing Director and CEO of Zedcrest Capital joins CNBC Africa for more.
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Global investment management group BlackRock believes that the best market cure for the impact of Covid-19 is inclusive and coordinated fiscal and monetary policy response. Joining CNBC Africa to unpack more on this and their 2020 investment themes is Karim Chedid, Investment Strategist at BlackRock.
Mauritius has been praised for its efforts in curing the spread of Covid-19 in the country, but is not immune to the economic havoc that the pandemic has brought the global economy. The country held its national budget speech yesterday and joining CNBC Africa to unpack more on this and the business opportunities that will arise Post-Covid-19 is Sanjiv Bhasin, CEO of AfrAsia Bank.
Brent crude prices have risen by 14 per cent this week and continued to rise in morning trade, eagerly waiting for the expected OPEC+ meeting that will take place tomorrow. The meeting will see the world’s major oil producers discuss extended production cuts. Stephen Innes, Global Chief Markets Strategist at AxiCorp joins CNBC Africa for more.
Despite the effects of COVID-19, the environment has been one of the few things that benefited from the pandemic. CNBC Africa spoke to Rosette Muhoza, Co-founder of My Green Home Rwanda to talk about how this pandemic has affected their company and how to sustain a clean environment.
FROM THE MAYOR’S DESK Halfway through the month of May, we had fruitful engagements...
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...
“We need to think, and fast, about how we can help our African partner in the race against time as it faces the predicted economic disaster in the wake of the global covid-19 pandemic,” writes Franc Bogovic and Engin Eroglu.
African Development Bank
The African Development Bank’s (AfDB) board on Thursday said it stood by an internal investigation that had cleared its president of improper conduct, but it would carry out an independent review of the report in the interest of due process.
With over 11,000 confirmed COVID-19 cases, Nigeria has continued with plans to ease its COVID-19 restrictions. The latest being the move to lift the restrictions in interstate travel as well as domestic Air travel from the 21st of this month. Kyari Bukar, Former Chairman of the Nigerian Economic Summit Group joins CNBC Africa to assess Nigeria’s COVID-19 strategy in amid rising cases.
Nigeria's insurance regulator NAICOM has extended the deadline for the recapitalisation of insurance companies to September 2021. The recapitalisation process has also been segmented into two phases. Tajudeen Ibrahim, vice-President and Head of Research at Chapel Hill Denham joins CNBC Africa for more.
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