CEO Interviews

Oppenheimer family reaches out to connections to increase funding for small businesses

It is one of the biggest billionaire names in African business and a couple of weeks ago it lent its financial muscle to keeping small business alive South Africa in the difficult days of COVID-19. The fund set up by the Oppenheimer family put up a R1 billion to help pay workers and keep small businesses afloat in the lockdown. It has paid out R330 million so far and claims 30,000 workers got paid before the Easter weekend because of the fund that could get bigger. Over the weekend the family reached out to its connections to raise more. One of the founders of the fund Johnathan Oppenheimer revealed how much.

Capitec CEO on scrapping final dividend, how the bank is helping small business fight COVID-19

Capitec will not pay a final dividend to shareholders. Nor will the banks executives receive cash bonuses or salary increases. This is in line with guidance from South Africa’s Reserve Bank that banks preserve cash for increased lending that may be required due to COVID-19. Capitec CEO, Gerrie Fourie joins CNBC Africa for more.

COVID-19: Netcare lessons from St Augustine’s Hospital outbreak

Netcare’s St Augustine hospital in Kwa Zulu-Natal has been shut by government after 47 people working at the hospital contracted the coronavirus and four people died. Netcare CEO Dr Richard Friedland joins CNBC Africa for more.

Here’s how disseminating COVID-19 fake news could cost you

With over 10,000 confirmed cases of COVID-19 in Africa reliable and accurate information on how to combat the disease is more important than ever, unfortunately fake news is spreading faster than the virus. In response governments are prosecuting those responsible when possible. Tshepo Matseba, MD, Reputation 1st Group joins CNBC Africa for more.

KORA Founder on embracing e-MICE during COVID-19

The COVID-19 pandemic has disrupted lives and is forcing us to adopt new ways of doing things and these include doing meetings and conferences electronically. Mireille Ineza Karera, Founder of KORA Coaching Group explains why it is important to make use of available platform in this period.

Sasol outlines measures to protect employees from contracting COVID-19

Sasol’s share price which has been propelled by a stronger oil price said a small number of employees have tested positive for COVID-19 and are receiving its full support. The petrochemicals company also said it is reducing its fuel production due to the unprecedented decline in demand since South Africa started its lockdown on the 27th March. Sasol CEO, Fleetwood Grobler joins CNBC Africa for more.

Tiger Brands mulling executive pay cuts during COVID-19

The rand’s crash to record lows may cost Tiger Brands in excess of R600m in import costs. While restrictions on increasing prices during South Africa’s 21 Day lockdown could also impact earnings even though the company supported the measures. Tiger Brands CEO, Noel Doyle joins CNBC Africa for more.

Nedbank on future of dividends, executive bonuses

Nedbank has assured shareholders that they will be paid their final dividend of R6.95 per share later this month. But the bank warned future dividends will be impacted by guidelines from South Africa’s Reserve Bank that dividends and bonuses be put on ice while the country fights the coronavirus. Mike Brown, Nedbank CEO joins CNBC Africa for more.

Safaricom, Vodacom partner to grow M-pesa across Africa

Safaricom and Vodacom recently announced the completion of the acquisition of the M-pesa brand as well as product development and support services from Vodafone through a newly created joint venture. This move is expected to accelerate M-pesa's growth in Africa. Sitoyo Lopokoiyit, Safaricom Chief Officer for Financial Services joins CNBC Africa for more.

Latest

Oil rises more than 1% on hopes for economic recovery

NEW YORK (Reuters) - Oil prices were up more than 1% on Monday on positive economic data from the United States, Europe...

U.S. economy needs more stimulus and more masks, Fed policymakers say

“Four months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate. Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate,” Richmond Fed President Thomas Barkin said in webcast remarks to the Northern Virginia Chamber of Commerce.

South African corruption watchdog probes COVID-19 tenders

“We will not allow public funds hard-earned by loyal taxpayers or donations by patriotic companies and individuals and the international community to vanish down a black hole of corruption.”

Gautrain: Why Social & Economic Development Matters

Social and economic development matters for Gautrain. The Gautrain Management Agency has made numerous achievements in job creation, poverty alleviation and skills development. CNBC Africa's Godfrey Mutizwa speaks to the Acting Chief Operating Officer of GMA, Tshepo Kgobe....

Nigeria’s Okonjo-Iweala shares her vision for global trade

As the race for the top job at the World Trade Organisation heats up, Nigeria’s candidate for the position says part of her vision is to build a trade institution where there is greater trust among its members. Dr Ngozi Okonjo-Iweala further notes that at this critical time the WTO is needed to ensure that trade and global markets remain open. She joins CNBC Africa’s Godfrey Mutizwa and Kenneth Igbomor to share her plans for global trade....