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Africa’s largest exchange to remain open during lock-down

While most companies prepare to go on lock-down at midnight tomorrow – the JSE will continue, business as usual. Africa’s largest exchange was recognised as an essential service exempt from the three week lock-down by the country’s President Cyril Ramaphosa. Joining CNBC Africa for more is Leila Fourie, CEO, JSE.

COVID-19: Why this Fund Manager believes now is the best time to invest

South Africa is grappling with a national lock-down to contain the spreading of COVID-19 in a slowing global economy. It also has the headache of an imminent Moody’s downgrade and an economy in recession. John Orford, Portfolio Manager at Old Mutual Investment Group joins CNBC Africa for more.

How Master Drilling plans to deal with COVID-19 impact

Master Drilling has experienced some positivity off emerging currency weakness as its business generates is US dollars revenues and increased its annual revenue by 6.9 per cent to $148.3 million. The group has ended its Africa operations in Zambia and Mali and is currently holding onto the prolonged volatility in South Africa. Master Drilling CEO Danie Pretorius, joins CNBC Africa for more.

Old Mutual’s former CEO Peter Moyo loses appeal

The Supreme Court of Appeal has dismissed with costs Old Mutual’s former CEO, Peter Moyo application, for leave to appeal the 14 January judgement in favour of Old Mutual. The January judgement overturned an interim order granted by Justice Mashile last year to temporarily reinstate Moyo as Old Mutual’s CEO. Moyo's lawyer Eric Mabuza joins CNBC Africa for more.

Standard Bank unveils measures to mitigate COVID-19 impact on its customers

As South Africa braces itself for President Cyril Ramaphosa’s address this evening the number of cases have risen to 402. Businesses are in distress and many are looking to the banks for relief. One of the first to offer assistance to its clients was Standard Bank. Funeka Montjane, Chief Executive, Personal and Business Banking, South Africa at Standard Bank joins CNBC Africa for more

This is how healthcare group, RH Bophelo plans to help SA fight COVID-19

With South Africa’s Health Minister Zweli Mkhize warning that between 60 to 70 per cent of South Africans will contract Covid-19 - a fraction of which will have serious cases, what are private sector health companies doing? RH Bophelo CEO, Quinton Zungu joins CNBC Africa for more.

COVID-19: Spear REIT unveils self-isolation rooms in its hotels

Cape Town focused property group Spear REIT joins the list of hotel groups such as the Apartments group and Capital Hotels in launching self-isolation rooms in its hotels. Spear REIT is offering rooms in its Doubletree by Hilton hotel which is equipped with hygiene hampers and isolation facilities for self-quarantined citizens. Spear REIT CEO, Quintin Rossi joins CNBC Africa for more.

Michael Sassoon on Sasfin’s five-point coronavirus plan

Sasfin Holdings reporting an interim 5.67 per cent increase in earnings per share due to improved credit quality. The group also cited its strategy to exit direct private equity after poor performances in recent years. Sasfin Group CEO, Michael Sassoon joins CNBC Africa for more.

COVID-19: How port closures are impacting small businesses

On Sunday South Africa's President Cyril Ramaphosa announced drastic measures to contain the spread of covid-19 in the country. One of them was the closure of 35 land ports. This has had unintended consequences for businesses. One of them being Sonto Pooe, Founder of NativeChild spoke to CNBC Africa for more.


South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug

South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.

FNB confirms measures to help customers impacted by COVID-19

“In recent weeks, the South African Government, business community, philanthropists and society at large have shown remarkable unity in a joint effort to protect our country against the impact of COVID-19,” writes FNB Chief Executive Officer, Jacques Celliers.

Lagos State passes bill, offers economic support to mitigate COVID-19 impact

Ahead of Nigeria’s lockdown of three states, Lagos State Governor Babajide Sanwo-Olu hinted that the state may have begun to see a trend in community spread of the COVID-19outbreak. He says the state will now begin to implement measures to cater for indigent citizens.

COVID-19: How African countries can insure against outbreaks

The Africa Risk Capacity is a specialised Agency of the African Union and they are currently undertaking an urgent exercise to model the potential impact of the coronavirus on Africa to inform and guide member states. This modelling according to the ARC will look into the likely short-term and medium-term effects of the pandemic on the continent as well as how to mitigate these shocks. Mohamed Beavogui, Director General and United Nations Assistant Secretary General, African Risk Capacity joins CNBC Africa for more insight into this.

The impact of COVID-19 on Nigeria’s business community

President Muhammadu Buhari says he has directed the Minister of Industry, Trade and Investment to work with the Manufacturers Association of Nigeria to ensure that all production of essential items such as food, medical and pharmaceutical products continues unhindered. Mansur Ahmed, President of the Manufacturers Association of Nigeria joins CNBC Africa for more.