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Libstar says Italian food imports for Woolworths have stringent safety measures in place for COVID-19

South African food producer Libstar has reported an annual revenue increase of 2.4 per cent due to its grocery and perishable food division as well as a headline earnings rise of 10.1 per cent, joining CNBC Africa for more on the impact that the coronavirus will have on its sales is Robin Smith, Group Commercial and Financial Director at Libstar.

Sasol plans $2bn rights issue

Sasol has announced measures to stabilise its balance sheet including a potential $2 billion rights issue in the wake of lower oil prices and COVID-19 headwinds will it be enough to stabilise the crash of its share price which is down almost 90 per cent this year? Sasol CEO, joins Fleetwood Grobler for more.

Remgro CEO warns of a blood bath if companies aren’t protected from COVID-19

Diversified investment holding company Remgro has just released its half year numbers. With stakes in a range of assets from healthcare to banking it has a bird's-eye view on what covid-19 means for diverse industries. Joining CNBC Africa for more is Jannie Durand, CEO of Remgro.

Finmin Mboweni on why interest-rate cuts are not the answer

Following the announcement of a national disaster in response to COVID-19 by president Cyril Ramaphosa yesterday, most were left wondering if finance minister Tito Mboweni would be announcing a stimulus package today but instead this is what the minister had to say.

Mbalula: Taxis must provide sanitizers

The inter-ministerial committee spoke to members of the media today about the government’s integrated response to COVID-19. President Cyril Ramaphosa has laid out a comprehensive plan to arrest the spread of COVID-19 in South Africa, which currently has 62 confirmed cases. CNBC Africa's Karabo Lethlathla attended the briefing and shares more details.

Litigation over Moyo does little to dent Old Mutual’s earnings

Financial services group Old Mutual managed to pull through a positive set of results despite the challenging economic environment and the ongoing executive leadership challenges. Joining CNBC Africa for more is interim CEO, Iain Williamson.

ABSA under new leadership

CNBC Africa sits down with newly appointed CEO of ABSA, Daniel Mminele. The former Deputy Governor of the South African Reserve Bank tells CNBC Africa’s Kopano Gumbi why he took the role, what he plans to do and how he wants to position the bank as a proudly African organisation....

Exxaro gets 13% profit boost from iron ore interests

Exarro has reported a 13 per cent increase in its headline earnings from its equity investments. The mining company's group revenue went up 1 per cent to almost R26 billion. Joining CNBC Africa to unpack the numbers is Riaan Koppeschaar, Executive Director, Exxaro.

MTN unveils its 2019 full-year results

MTN released its full year results on the 11th of March. See MTN’s performance, despite difficult economic conditions as well as operational and regulatory challenges in certain markets. The annual results will also reflect their strategic updates, financial indicators and future prospects....


How The U.S. Fell Dangerously Behind In Coronavirus Testing

The deadly coronavirus pandemic has stopped the world in its tracks, and exposed a weak spot in the United States’ preparedness for a public health emergency. Experts say aggressive diagnostic testing is essential in order to learn where and how an

Abdul Samad Rabiu’s BUA Group pledges N1bn to fight COVID-19 in Nigeria

Entrepreneur Abdul Samad Rabiu's BUA Group has joined corporates and business leaders from Africa in donating money to fight the COVID-19 pandemic....

Tony Elumelu’s United Bank For Africa donates $14mn to COVID-19 relief across Africa, this is how it will be used…

Entrepreneur Tony Elumelu's UBA has joined corporates and business leaders from Africa in donating money to fight the COVID-19 pandemic. Below is...

Motsepe family & associates join Rupert and Oppenheimer families in donating R1bn to deal with COVID-19 pandemic

On Monday South Africa's President, Cyril Ramaphosa revealed that South Africa's richest families the Rupert and Oppenheimer families had each contributed ...

Government’s response to Moody’s downgrade of SA to junk status

Covid-19 and South Africa's downgrade to junk will truly test South African financial markets.