African Bank reported a half-year loss after taking a R550 million charge for bad debts. The company made a net loss after tax of 111 million rand compared to a profit of R533 million in the same period last year. African Bank CEO, Basani Maluleke joins CNBC Africa for more.
“If we don’t adopt this best practice it could lead to a shutdown of business,” the Republican governor told local KLBK-TV in Lubbock, adding it was the last thing he wanted.
The African Union Commission said on Thursday it had launched a consortium for vaccine clinical trials to be headed by the Africa CDC, which aimed to secure more than 10 late stage vaccine clinical trials as early as possible.
he Nasdaq hit another record high, however, helped by gains in Amazon.com (AMZN.O), Microsoft Corp (MSFT.O) and Apple Inc (AAPL.O).
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More and more companies, engaging in price gouging, are finding themselves in a spot of bother, as consumers refuse to stand for it. The Competition Tribunal has confirmed three more consent agreements, relating to COVID-19 excessive pricing complaints. Since April, over 20 agreements have been confirmed. Bob Makukunzva, Lawyer at Gwina Attorneys joins CNBC Africa for more.
he vast market created by AfCFTA will provide an immediate boon to nascent plans being guided by the African CDC, NEPAD and others to produce various critical healthcare items such as pharmaceutical compounds, PPE and ventilators in countries such as Nigeria, South Africa and Kenya.
The number of new confirmed COVID-19 cases across Britain each day has been falling from a peak of more than 6,000 in April to 650 in the latest figures released on Sunday, despite wider availability of testing.
The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry.
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...
JOHANNESBURG (Reuters) - South Africa’s rand firmed early on Monday, helped by increased risk appetite as investors bet again on a global...
JOHANNESBURG (Reuters) - Zindzi Mandela, daughter of former South African president and liberation hero Nelson Mandela, has died, the spokesman of the...
The people who bring us the unfettered truth are becoming thinner and thinner on the ground. In these days of COVID-19 journalist jobs are disappearing faster than most. Ten years ago there were 10,000 journalists in South Africa. In March this year there were 5,000. In the last three months that number has dwindled to just 2,500, according to the South African National Editor's Forum. What next? Hopewell Radebe, Journalist with SANEF joins CNBC Africa for more.
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