CEO Interviews

How will SA finmin Mboweni cut expenditure?

As the dust settles from South Africa’s emergency budget announcement, economist and ratings agencies have expressed their pessimism towards the finance minister Tito Mboweni’s ability to cut expenditure and deliver on his debt stabilisation plan. Joining CNBC Africa for this discussion are Mamello Matikinca-Ngwenya, Chief economist at FNB, Nicky Weimar, Chief Economist at Nedbank and Murtaza Moulvi, Head of Financial Markets at Standard Chartered Bank....

Olusegun Obasanjo on COVID-19 lessons for African economies & the AfCFTA

The operationalization of the African Continental Free Trade Area agreement was supposed to take place at the beginning of this month but just like many developments it has been set back by the COVID-19 pandemic. CNBC Africa spoke to former Nigerian President Olusegun Obasanjo on how AfCTA can get back on track.

Ian Williamson outlines his plans for Old Mutual

After two stints as acting CEO of Old Mutual, the pan- African Financial services group has made official Iain Williamson’s role as head of the company. Williamson first served as acting Old Mutual in 2017 and again in 2019 when the company fired its former CEO Peter Moyo following a conflict of interest that resulted in breakdown of trust and confidence. Iain Williamson joins CNBC Africa for more.

This crowdfunding initiative is helping vulnerable Lagosians during COVID-19

A new private sector-led initiative is looking to crowd source funds from Nigerians to help about two million Lagosians whose livelihoods have been severely impacted by the Covid-19 pandemic. Yomi Adedeji, CEO of Softcom and Convener of the HelpNow Initiative joins CNBC Africa for more.

How COVID-19 has impacted the progress of Dangote Refinery

Despite the Covid-19 pandemic, work is still on-going at the 650 000 barrels per day Dangote Refinery, which is expected to be commissioned in January next year. The company’s Group Executive Director Devakumar Edwin joins CNBC Africa to share some insight on the progress.

This new ITC tool seeks to empower women in trade

A new tool by the International Trade Centre aims to track policies for women in trade.

African airlines brace for severe turbulence as the impact of COVID-19 deepens

The International Air Transport Association is urging governments in Africa and the Middle East to create alternatives to airline arrival quarantine, as this would allow economies to re-start whilst avoiding the risk of increasing Covid-19 cases. Muhammad Albakri, Regional Vice President for Africa and the Middle East at the International Air Transport Association joins CNBC Africa for more.

Court sides with Eskom over dispute with Nersa

In a decision that surprised many, South African High Court favoured Eskom dispute with energy regulator Nersa today.

Vukile bucks the trend with strong results in a tough environment

At a time when many property companies are struggling Vukile has posted healthy performance. The group reported a continued strength in their Southern African portfolio and well diversified sources of funding. Vukile Property Fund CEO, Laurence Rapp joins CNBC Africa for more.

Boxer Superstores opens its 300th store despite COVID-19 crisis

Boxer Superstores, a subsidiary of Pick n Pay have recently opened its 300th store amid the Covid-19 storm that has hurt many South African retailers. The group also plans on opening its Polokwane distribution centre by the end of this year and sees many more expansions in the horizon. Marek Masojada, Managing Director of Boxer Superstores joins CNBC Africa for more.

Mastercard on how to accelerate financial inclusion amid the COVID-19 crisis

The great lock-down as it has come to be called accelerated the need for innovative ways as it became more evident that getting financial support to those most in need had become a practical challenge. But how quick could countries accelerate financial inclusion, Raghav Prasad, Division President, Sub-Saharan Africa, Mastercard joins CNBC Africa for more.

Toyota SA presses ahead with expansion despite COVID-19 headwinds

At a time when most companies are cutting back with their building, Toyota South Africa announcement a new R365 million parts warehouse construction. How are they doing this amid the restrictions of the lock-down and how sure are they that enough cars will be sold to make the project pay its way? Leon Theron, Senior Vice President of Sales & Marketing of Toyota joins CNBC Africa for more.

COVID-19 lock-down: Sisa Ntshona on how to reopen SA’s tourism industry

For more than 90 days South African’s lived with a travel ban. President Cyril Ramaphosa announced earlier this month that the country will ease on its travelling restrictions, but on Friday Travel and Tourism minister Mmamoloko Kubayi-Ngubane made it clear that there will be no leisure travelling between provinces. It’s likely to cripple an already struggling tourism industry and by how much? SA Tourism CEO, Sisa Ntshona joins CNBC Africa for more.

Sorbet CEO on customer safety & hygiene practices during COVID-19

A number of leisure businesses are reopening under advanced level 3 lock-down. Sorbet is a nail and beauty business with a number of successful franchises nationwide, the group reopened its salons last week and joining CNBC Africa for more is Linda Sinclair, CEO of Sorbet.

Nestlé introduces second Starbucks At Home range in SA

Nestle South Africa is introducing its second phase of the Starbucks At Home range in retail stores such as Checkers, Pick ‘n Pay, Spar and Makro. The launch comes amid the Covid-19 crisis taking a knock on traditional coffee houses and some non-essential products. Nestle South Africa CEO, Bruno Olierhoek joins CNBC Africa for more.

Kulula Founder on plans to launch a new domestic airline in SA

Kulula founder and hotel disrupter, Gidon Novick is setting his eye back onto the aviation industry as he hopes to launch a new low-cost domestic airline in South Africa. This is amid the chaotic global aviation industry and South Africa’s depressed airline market. Joining CNBC Africa for more is Gidon Novick, Founder of Kulula and the Former CEO of Comair.

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.

Latest

COVID-19: How the pandemic has highlighted the need for sustainable finance

Africa’s growth has been set back by the impact of COVID-19, with the continent demanding a new approach to economic development. It has also highlighted the importance of sustainability and raised the focus on environmental, social and corporate governance issues. Standard Bank has released a report delving into sustainable finance. Joining CNBC Africa unpack the findings is Nigel Beck, Global Head of Environmental & Social Risk & Finance at Standard Bank.

SA’s economic recovery plan: Did it hit the spot?

All eyes were on South African President Cyril Ramaphosa this afternoon, as he outlined the country’s economic reconstruction and recovery plan. This is as the government charts the road to recovery, after an economic bloodbath left by Covid-19. With devastating unemployment, Ramaphosa has committed to creating more than 800 000 jobs in the immediate term, through infrastructure investment over the next four years. Joining CNBC Africa to unpack the President’s plan is Isaah Mhlanga, Chief Economist at Alexander Forbes.

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.

COVID-19 lock-down: Uganda prepares to reopen schools

In Uganda, the country shared plans to re-open schools. Furthermore, $3.2 million is estimated to have been stolen in the latest hack incident that compromised Uganda’s mobile money network. Analyst, Charles Bwogi joins CNBC Africa for more.