CEO Interviews

Hulamin CEO on COVID-19 impact on the aluminium market

Aluminium supplier and exporter, Hulamin has reported depressed losses in its international and local market due to decreased export sales and the groups headline earnings plummeting to a loss of R240 million. Hulamin CEO, Richard Jacob joins CNBC Africa for more.

How COVID-19 is disrupting La Liga’s plans for Africa

The LaLiga Santander league restarted on the 11th June and increased its international viewing figures by more than 48 per cent on the first match day, in Africa there was a rise of over 73 per cent and in South Africa the increase amounted to more than 210 per cent. Marcos Pelegrin, Managing Director of La Liga South Africa joins CNBC Africa for more....

Tax Ombud release findings of second systemic investigation against SARS

This week the South African Revenue Service tolled of the full extent of its problems by revealing a shortfall of almost R300 billion leaving the government with less money to spend at a time it’s most needed. And yet the people who pay this dwindling amount of tax are often disputing this every step of the way. How often and how serious are these dispute. Tax Ombud Professor Thabo Legwaila, CEO of the Tax Ombud joins CNBC Africa for more.

How the twin-shocks of COVID-19 & low oil prices impacts Nigeria’s growth outlook

Twin-shocks from the COVID-19 outbreak and dwindling oil prices among other factors have led to a revision of Nigeria's 2020 budget in a bid to accommodate current global and domestic realities. Despite these, Africa’s largest economy grew at 1.87 per cent in the first quarter of the year. As the first half of the year comes to end, Vincent Nwani, Business and Investment Consultant joins CNBC Africa to discuss how events have impacted Nigeria’s economy.

#SpecialBudget2020: Economists react to Mboweni’s supplementary budget

Joining CNBC Africa to discuss a post-budget analysis of the emergency budget speech yesterday is Azar Jammine, Director and Chief Economist at Econometrix and Maarten Ackerman, Chief Economist and Advisory Partner at Citadel.

COVID-19: Demvco sees R75mn in sales during lock-down

Markets like Tower Property Fund, Investec Property Fund and Balwin Property all show improved trading on the JSE listing. Entering from the left wing is the Demvco Group, a real estate group selling premium luxury real estates on the KZN’s North Coast. Demvco has seen R75 million in sales during lock-down. Is this a sign that property investment is growing? If so, does the low interest rate play a role? Charles Thompson, Director of Devmco Group joins CNBC Africa for more.

Tsogo Sun CEO on the takeover of Marriott hotels

U.S company on moves out the hotel business and S.A is moving in. US hotel giant Marriot is going to ditch three of South Africa’s oldest hotels in the face of Covid-19. In from the wings stepped in home grown hotel group Tsogo Sun – which already hold shares in these hotels – to take them over to try and save them. Is this a fire sale or just merely shrewd buying in at the bottom of the market? Tsogo Sun Hotels CEO, Marcel von Aulock joins CNBC Africa for more.

SA seeks R1.5tn for infrastructure boom

Finance minister Tito Mboweni will have the difficult task of coming up with a budget to save South Africa’s economy. But tension has already started last week when South Africa Reserve Bank governor, Lesetja Kganyago announced its resistance to finance the growing budget deficit. On top of this the South African government has told asset managers and banks that they need R1.5 trillion from over the next decade for infrastructure. Jason Lightfoot, Portfolio Manager for Futuregrowth Infrastructure & Development Bond Fund joins CNBC Africa for more.

Bushveld CEO on FY numbers & COVID-19 impact on operations

It’s been a topsy-turvy year for South African miner Bushveld Minerals yet the company has managed to post a set of tidy year end numbers. The falling vanadium price - down 34 per cent in the year - hammered the company's revenue. It fell 39 per cent to just over $116 million. Bushveld CEO, Fortune Mojapelo joins CNBC Africa for more.

Latest

Eskom goes after contractors over R4bn Kusile over-payment

One of the power stations that were meant to be the saviour of South Africa’s power supply is causing controversy, even before it’s in full working order. In an explosive letter, Public Enterprises Minister Pravin Gordhan named contractors that he says Eskom over-paid by R4 billion, in the construction of Kusile power station. Sikonathi Mantshantsha, National Spokesperson of Eskom joins CNBC Africa for more

Does the Competition Competition have capacity to clamp down on COVID-19 profiteering?

As South Africa sees a surge in COVID-19 infections, consumers are increasingly faced with overpriced products on the shelves. The Competition Commission continues to receive complaints, from customers who are already feeling the pinch. The question is, does the Competition Competition have the capacity to clamp down on price gouging? Joining CNBC Africa for this discussion is Makgale Mohlala, Head of Cartels at the Competition Commission and Shawn van der Meulen, Partner at Webber Wentzel.

Uganda’s central bank may cap commercial bank interest rates

KAMPALA (Reuters) - Uganda’s central Bank (BoU) has threatened to cap the interest that commercial banks can charge borrowers, after the industry...

Jambojet set to resume domestic flights on July 15

Jambojet gears up for local flight resumption; lower oil imports and higher tea exports spell current account improvement and the Central Bank invites bids for millions in treasury bonds. Journalist, Joseph Bonyo joins CNBC Afric for more.

Chamber launches business clinics to support women-led businesses

Rwanda’s women entrepreneurs arm under the private sector federation body has launched a series of business clinics with the aim of supporting women-led businesses affected by the Covid-19 pandemic. CNBC Africa spoke to Agnes Samputu, Executive Director of the Rwanda Chamber of Women Entrepreneurs for more.