CEO Interviews

Calgro M3 half-year headline loss widens to 26.29c

Calgro M3’s headline loss per share widened to 26.29 cents in August, against a 3.24 cents per share loss in the previous comparable period. The company incurred significant costs, as construction activity was halted for two months, due to the COVID-19 lock-down. No interim dividend has been declared. Calgro M3 CEO, Wikus Lategan joins CNBC Africa for more.

Omnia reaches agreement to sell Oro Agri to Rovensa

Omnia Holdings has reached an agreement to dispose of Oro Agri to Rovensa - a European-headquartered business - which produces and distributes bio-control, bio-nutrition and crop protection solutions. This follows Omnia’s announcement in June that it had received a non-binding offer, which warranted further investigation. Omnia CEO, Seelan Gobalsamy joins CNBC Africa for more.

Ask Africa CEO on the impact of lockdown on business outlook

49 per cent of CEOs in 100 countries have a significantly more negative business outlook, than on 1st of March. This is according to a new survey by YPO, the global leadership community of 28 000 Chief Executives. Business leaders in Australia, New Zealand and the United States have the most positive overall business outlook. With leaders in Europe, Latin America and South Asia tipping on the negative side of the scale. Joining CNBC Africa to unpack the survey is Andrea Rademeyer, YPO Member and CEO of Ask Africa.

How this initiative is empowering women in rural areas with hair products

With Covid-19 leaving a trail of destruction in its path, it is said that South African women will be hit the hardest.

ABSA looks to equip SA’s youth with cyber skills to fight poverty

October is global Cyber Security Awareness Month. With the country’s ailing economy and high numbers of unemployment; ABSA is developing cyber skills to alleviate poverty, and is assessing the skills shortage in cybersecurity. Absa set up the Cybersecurity Academy with the Maharishi Institute to bring marginalised youth through the institute, giving them a hot skill and financial empowerment so they can earn a living: The intention is to set-up an academy on the Cape Flats, and train 300 people a year. Sandro Bucchianeri, Chief Security Officer at ABSA joins CNBC Africa for more.

UN Women, Standard Bank collaborate to empower female farmers in Africa

UN Women and Standard Bank have partnered up to equip female farmers in Africa with the skills and resources needed to grow their businesses, and succeed over the long term. This project is closely aligned to the UN Sustainable Development Goals; particularly when it comes to gender equality, access to decent work, and economic growth. Nidhi Tandon, Socio-economic Advisor for the East & Southern Africa Region, UN Women joins CNBC Africa for more.

PSG Group CEO: How to look at the results

The PSG Group has reported a headline loss per share of R14.14 against earnings of R5.68 in the previous comparable period. This is due to challenging trading conditions, brought on by COVID-19. The investment holding company has declared an ad hoc interim gross dividend of R1.64 per share. The group was reporting for the first time, after significant corporate action was undertaken with Capitec Bank. PSG Group CEO, Piet Mouton joins CNBC Africa for more.

COMESA to develop a regional digital common payment scheme for small businesses

Small and medium enterprises account for 80 per cent of the African economy but remain less competitive due in part to lack of a platform which accommodates digital cross-border payments by SMEs. To address this, COMESA Business Council has been making consultations with stakeholders on the establishment of a regional digital common payments policy which would inform the proposed digital integrated retail payment scheme for SMEs. Sandra Uwera, CEO, COMESA Business Council joins CNBC Africa for more.

COVID-19: Laying the path to recovery for Nigeria & Ghana

The International Monetary Fund says it expects sub-Saharan Africa’s economy to decline 3 per cent with a 4.3 per cent contraction in Nigeria’s GDP, while Ghana’s economy to grow by 0.9 per cent in 2020 after recording a 6.5 per cent growth in 2019. Bismarck Rewane, CEO of Financial Derivatives, and John Gatsi, Dean of the School of Business at the University of Cape Coast Ghana join CNBC Africa for this conversation....

Post-COVID-19: Where will the money come from?

As the COVID-19 pandemic has battered economies, the world is now looking at where the money and growth will be coming from. In its latest report, Anchor Capital looked at the key investment themes that are likely to play out of the next 18 months, providing insights on opportunities and risks. Joining CNBC Africa to unpack the report is Peter Armitage, CEO of Anchor Capital.

Here’s how much Africa’s top brands could lose over COVID-19

One of the effects of the COVID-19 crisis is the decrease in visibility and brand value. Africa’s top 150 most valuable brands are set to lose up to 12 per cent of its value which is a loss of around $60 billion. Jeremy Sampson, Managing Director at Brand Finance Africa joins CNBC Africa for more.

Cartrack impresses with solid H1 earnings. Here’s how the business navigated COVID-19 headwinds

Cartrack has reported solid results amid the COVID-19 crisis as it more than quadrupled its interim dividend and a 21 per cent increase in its headline earnings per share. The group’s South African services saw an increase in subscription revenue growth of 17 per cent and its revenue grew 16 per cent to R1.08 billion. Cartrack CEO, Zak Calisto joins CNBC Africa for more.

SOV Development Foundation creates first cryptocurrency for a nation. Here’s how it works

SOV Development Foundation has created the first cryptocurrency for a nation, CNBC Africa spoke with Peter Dittus, Chairman of the foundation on how it will operate and how effective Robo Central Bank could eliminate the risks of hyperinflation.

Nigeria seeks affordable alternatives to PMS

Nigeria's government says estimates show that Compressed Natural Gas could cost as much as 97 Naira per litre. Nigeria is exploring possible affordable alternatives to Premium Motor Spirit and plans to install gas facilities at petrol stations. Adeoye Adefulu, Partner at Odujinrin and Adefulu joins CNBC Africa for more.

Equity CEO on winning the 2020 Oslo Business for Peace Award

Equity Group Managing Director and CEO Dr. James Mwangi recently won the 2020 Oslo Business for Peace Award which is conferred annually to individuals who exemplify their outstanding `business worthy initiatives.

ARB Holdings marks bittersweet 40th birthday amid COVID-19 shocks

A bittersweet year for ARB Holdings. 2020 marks the group’s 40th year in business. However, according to the group, this financial year will be remembered for the wrong reasons. Although reporting a 3 per cent increase in earnings, the company’s revenue was held back by COVID-19. Billy Neasham, CEO of ARB Holdings CNBC Africa for more.

Shell SA Chair Mtolo on how to revive the SA economy hit hard by COVID-19

South Africa’s economy has gone through a state of turmoil. And this has been worsened by the COVID-19 pandemic. With softer lock-down restrictions, almost all economic activity is now open. As we rebuild the nation, Shell is calling for business to work even more closely with the public sector. This is in a bid to grow an inclusive economy, through transformation. Hloniphizwe Mtolo, Chairman of Shell South Africa joins CNBC Africa for more.

Tower Property Fund reports full-year revenue decline as COVID-19 bites

Tower Property Fund reported an annual revenue decrease of 16.1 per cent due to a reduction in rental income as results of the sale of non-core properties during the year and a R55.1 million pay from the sale of Napier Street residential units in the prior year. The groups headline earnings for the year has decreased by 23 per cent and it reduced its full year dividend by 40 per cent to 44.5 cents per share. Tower Property Fund CEO, Marc Edwards joins CNBC Africa for more.

Motsepe’s African Rainbow Capital signs asset management deal with Sanlam

Sanlam and African Rainbow Capital have come together to create one of the largest black-empowered asset management companies in South Africa. Johan van der Merwe, co-CEO of African Rainbow Capital joins CNBC Africa for more.

Standard Bank sees H1 HEPS down 43% in tough market conditions

As we know, banks have been operating in a very uncertain and difficult environment. Adding pressure to the sector have been consumer financial constraints and cuts on interest rates. Standard Bank has reported a 43 per cent fall in headline earnings per share in the interim. However, the bank has left the door open for a final dividend. Standard Bank South Africa CEO, Sim Tshabalala joins CNBC Africa for more.

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WATCH LIVE: President Trump and former VP Joe Biden face off in final presidential debate — 10/22/20

President Donald Trump and former Vice President Joe Biden participate in the final debate on Thursday at 9 p.m. ET in Nashville. It will be moderated by NBC News’ Kristen Welker. It will run 90 minutes in length, with 15 minutes allotted for each of six topics. Trump and Biden will at times have their microphones cut during their next debate, the event’s sponsors announced Monday. When one of the two candidates is given a chance to provide a two-minute answer to each of the six debate topics, his opponent’s microphone will be muted, the Commission on Presidential Debates said in a statement. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN #CNBC WATCH LIVE: President Trump and former VP Joe Biden face off in the final presidential debate — 10/22/2020...

Gautrain: How Gauteng plans to develop Smart Mobility & Smart Cities

October is Transport Month and the theme for this webinar is Smart Mobility and Smart Cities. The panellists explore innovative transport solutions that will lead to benefits on various levels - from social and economic to environmental and spatial development. The discussion is moderated by CNBC Africa’s Fifi Peters....

WEF: How the rise of machines & AI will shape future of work

COVID-19 has accelerated the need for digitisation in the workspace – bringing both challenges and opportunities. In its latest future of work report, the World Economic Forum expects advances in artificial intelligence to eliminate 85 million jobs by 2025. In the same breath, the rise of machines is projected to create 97 million new jobs, leading to an overall addition of 12 million jobs. CNBC Africa spoke to Saadia Zahidi, Manging Director of the World Economic Forum for more.

Clicks reports solid FY earnings, outlines plans to increase online presence

Clicks reported a jump in full year earnings, declaring a final dividend of 450 cents per share. The company was deemed an essential service during lockdown, with its stores stayed open. With the intention to use its reach and distribution network, Clicks announced that it wants to sell a Covid-19 vaccine once it becomes available. Clicks CEO, Vikesh Ramsunder joins CNBC Africa for more.

#ENDSARS: Nobel Laureate Wole Soyinka on how to address the unrest in Nigeria

On Tuesday violence erupted in Lagos, Nigeria. Some military personnel fired at youths protesting over police brutality and deep-rooted social injustices. CNBC Africa’s Kenneth Igbomor spoke to Nobel Laureate Wole Soyinka about the situation.