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….
The City of eThekwini pulled out all stops to give fans of the annual Vodacom Durban July (VDJ). The Virtual Vodacom Durban...
UAE financial centers act as a gateway to benefit African businesses GCC, July 13th, 2020: Tata International Limited (TIL)...
Uber, in partnership with Mastercard to provide 120,000 free trips to frontline workers in MEA, including South Africa, Nigeria, Kenya, Ivory Coast...
As the race for the top job at the World Trade Organisation heats up, Nigeria’s candidate for the position says part of her vision is to build a trade institution where there is greater trust among its members. Dr Ngozi Okonjo-Iweala further notes that at this critical time the WTO is needed to ensure that trade and global markets remain open. She joins CNBC Africa’s Godfrey Mutizwa and Kenneth Igbomor to share her plans for global trade....
Silence descended on the streets of Bulawayo and central Harare in Zimbabwe on Friday, where businesses shut down. This is as Security Forces were deployed to prevent anti-government and anti-corruption protests, by opposition parties. A number of high-profile figures were arrested over the weekend. Dumisani Muleya, Chairperson of the Zimbabwe National Editors Forum joins CNBC Africa for more.
Covid-19 has forced businesses globally to re-evaluate their business models and to adapt to new working environments....
Releasing its trading update for the year ended 28 June 2020, Shoprite announced that it will be exiting from Nigeria.
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