Global aviation industry searches for a way back from the Covid-19 turbulence

The global airline industry has taken a nosedive amid the complete shutdown of travel during the Covid-19 pandemic. Some countries have begun reopening its economy and have begun to resume domestic flights to allow the movement of people. However the losses made during the shutdown have left many airline companies destitute and joining CNBC Africa to unpack the outlook for the airlines industry is Raphael Kuuchi, The International Air Transport Association’s Special Envoy to Africa, Joachim Vermooten, Aviation Economist and Unathi Sonwabile Henama, Professor at the Tshwane University of Technology….

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Ouch! How Tiger Brands got its fingers burnt in Nigeria for the second time in a decade

Food giant Tiger Brands has passed on paying a dividend as it faces job losses and cost-cutting in its operations after a bruising first half trading on the cusp of COVID-19.

Tiger Brands CEO on results & how the company is responding to COVID-19 shocks

Food producer Tiger Brands reported a 35 per cent fall in half-year headline earnings and has deferred its interim dividend due to uncertainty by the Covid-19 outbreak. The group expects Covid-19 to unfold significant challenges to the business in the near future. Tiger Brands CEO, Noel Doyle joins CNBC Africa for more.

Netcare CEO on the impact of COVID-19 lock-down & medical sector readiness for virus peak

Hospital group Netcare saw a plunge in its hospital admissions in March and April with last month’s figures falling by 49.5 per cent. However, the group has noted that the easing of lock-down restrictions in May has seen a slight uptick in hospital patients. The group has scrapped its interim dividend and has committed R150 million to prepare its ICU and high care facilities to deal with Covid-19 cases. Dr Richard Friedman, CEO, Netcare joins CNBC Africa for more.

Moody’s changes Namibia’s rating from stable to negative

Nigeria’s GDP data and MPC announcement is expected later this week and Moody’s has changed the outlook on Namibia’s sovereign rating to negative from stable as it sites economic and financial pressure on Namibia amid the Covid-19 crisis. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.

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