<p><iframe loading="lazy" src="https://www.youtube.com/embed/aSw8_gooXKQ" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Telkom has appointed Serame Taukobong as CEO designate from the first of October. He will be taking over the CEO seat, when outgoing CEO Sipho Maseko exits at the end of June next year. He joins CNBC Africa for more&#8230;.</p>


Serame Taukobong appointed CEO designate at Telkom

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Tanzania Railways Corporation announced it will receive the first batch of electric trains it had ordered by November this year after signing a deal with a South Korean company, Hyundai Rotem.   This comes as Tanzania plans to modernise its railroads. Economic Analyst Gabriel Mwang’onda spoke to CNBC Africa for more.</p>


Tanzania to receive first 42 Korean electric trains by November

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The private sector in Rwanda has expressed optimism that intra-trade and investment between Rwanda and Tanzania will significantly grow after a state visit by Tanzanian President Samia Suluhu Hassan. CNBC Africa spoke with the Chairman of Rwanda&#8217;s Private Sector Federation, Robert Bapfakurera for more.</p>


Rwanda: Private sector optimistic after President Suluhu’s visit

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Foreign investors pulled out $10 million from the Nairobi Securities Exchange in July, marking the sixth straight month of net-selling despite the prevailing rise in the market wealth. Economic Analyst Aly-Khan Satchu spoke to CNBC Africa for more.</p>


Foreign investors at NSE pull out $10mn in July

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>From the 23rd of August, countries will be able to take advantage of the general allocation of Special Drawing Rights valued at $650 billion , which was approved by the Board of Governors of the IMF. This is the largest SDR allocation in the history of the IMF for members to address the long-term global need for reserves. Tajudeen Ibrahim, Senior Vice President Head of Research at Chapel Hill Denham joins CNBC Africa for more.</p>


IMF $650bn Special Drawing Rights – What are the implications for Nigeria?

<p><iframe loading="lazy" src="https://www.youtube.com/embed/lm2S95sXobE" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Activities in the bonds market are calm as market players grapple with funding gaps. Traders at UBA say they expect selloffs to continue in the interim. Bankole Odusanya, Head of Fixed Income Trading at UBA joins CNBC Africa for more&#8230;.</p>


UBA: Sell-offs to persist in bond market amid low demand

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>With Nigeria&#8217;s new FX policy in place, the Manufacturers Association of Nigeria say the new policy may address the activities of the Bureau De Change operators but have also asked that banks provide a seamless process for the timely execution of FX application by manufacturers. Segun Ajayi Kadir, Director-General of Manufacturers Association of Nigeria joins CNBC Africa for more.</p>


M.A.N: CBN’S FX policy should support manufacturing

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Okomu Oil Palm recorded a 74.6 per cent rise in half-year revenue, with post-tax profits for the period also rising by 138 per cent. CEO of Okomu Oil Palm Graham Hefer joins CNBC Africa to break down the drivers of their earnings.</p>


Okomu Oil Palm  half-year profit up 138%

<p><iframe loading="lazy" src="https://www.youtube.com/embed/wSxNHYtghYg" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Traders at Access Bank say a few trades were consummated at Tuesday&#8217;s trading session as investors appetite for the current bond yields continue to dwindle. Dimeji Obasa, Team Member, Treasury Coverage at Access Bank joins CNBC Africa for a mid-week activity wrap&#8230;.</p>


Access Bank: Appetite for current bond yields dwindling

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Engineering workers affiliated to metal workers union Numsa have threatened to go on strike over a wage dispute with employers in the sector.</p>


Numsa threatens industrial action in steel and engineering sector

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Almost 80 per cent  of Africa&#8217;s C-suite executives are optimistic about business growth this year. This is according to Mazars Global C-suite Barometer. This view is supported by the short term strategies that the surveyed businesses have implemented. Anoop Ninan, Co-CEO at Mazars joins CNBC Africa for more.</p>


Majority of Africa’s C-suite executives optimistic about growth outlook

Majority of Africa’s C-suite executives optimistic about growth outlook, survey finds

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>According to the Uganda Bureau of Statistics, the country&#8217;s economy increased to about $42.4 billion in the 2020/21 financial year $39.9 billion in the financial year 2019/20. The industry sector&#8217;s contribution increased to 16 per cent i in the 2020/21 financial year. Daniel Birungi, Executive Director at the Uganda Manufacturing Association spoke to CNBC Africa on building resilience and how the sector is navigating the storm.</p>


COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Government of Rwanda has successfully raised $620 million through the issuance of a 10-year Eurobond, the country’s Finance Ministry announced on August 2. The sale of new debt generated more than $ 1.6 billion in orders. Are investors increasingly interested in Rwanda? Kevin Daly, Fund Manager at Aberdeen Standard Investments spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Making sense of Rwanda’s latest $620mn Eurobond issue


<p>Royal Bafokeng Platinum reported a 446 per cent jump in headline earnings per share, for the six months ended June.  The company’s earnings were supported by strong metal prices and growth in the business. Royal Bafokeng Platinum CEO, Steve Phiri spoke  to  CNBC Africa&#8217;s Zinathi Gquma.</p>



<p><em>Full interview transcript below:</em></p>





<p><strong>Steve Phiri&nbsp; </strong>00:00</p>



<p>Yes, thanks. Thanks very much. Well, really, it&#8217;s, it&#8217;s amazing isn&#8217;t it that you come with a set of results, and the market seems not to like the results. But the last thing as a CEO and as management is to try to read the market, especially the performance of the share price on a particular day, because then you become an analyst, and you start speculating what the reasons are, when the positives are there to judge and the negatives are hidden somewhere. So I really don&#8217;t know. However, with the few people that have spoken to me as a data magnet, they expected us to pay 100% of free cash flow, just like our pure Anglo Platinum date. So for me, I&#8217;m not disappointed Actually, I&#8217;m excited that a small company like ours, is be packed in the same bracket as Anglo platinum. And therefore, we are expected to punch above our weight, and we&#8217;re up for a challenge. But there is nothing negative about the results, nothing negative about what we paid. We paid 50% of free cash flows. And we sitting again, on on a on an ice by far this is an intern was out. And we already said that we paying an interim result, I mean dividend and on a full year basis that will be reviewed, so that it reflects a full year dividend itself. So if somebody pays 100%, I don&#8217;t need to pay 100%. Each company differs from another based on the circumstances and what faces the company going forward. But the fundamentals in the business are quite strong. And we look forward to even stronger second half of the year, even a better dividend for the full year.</p>



<p><strong>Zinathi Gquma&nbsp; </strong>01:45</p>



<p>You talk about not punching above your weight as the millennials and Gen Z does say, stay in your lane. But just looking at that.</p>



<p><strong>Steve Phiri&nbsp; </strong>01:56</p>



<p>We are trying to punch above our weight and we enjoy this punching above our weight because it&#8217;s good to be compared with the best. You don&#8217;t want to be the best amongst the poor. Yeah.</p>



<p><strong>Zinathi Gquma&nbsp; </strong>02:10</p>



<p>And just looking at that interim dividend that you paid 1.5 billion Rand made an interim dividend. I mean, What message does this send to your shareholders about future returns?</p>



<p><strong>Steve Phiri&nbsp; </strong>02:24</p>



<p>Well, the message should say like our full year dividend in March this year, the message is say this company is on an upward trajectory, there is stability coming through, and they can look forward to good performing sustainable business so far as dividends is a concern. So it&#8217;s investable very much. So,</p>



<p><strong>Zinathi Gquma&nbsp; </strong>02:47</p>



<p>of course, as expected from a platinum mining company, those earnings largely driven by the higher PGM prices. We have seen recently those PGM prices pulling back a bit. In your view, do you think that that&#8217;s a temporary move? Or could we see a more permanent pullback in those PGM prices?</p>



<p><strong>Steve Phiri&nbsp; </strong>03:09</p>



<p>While we did know that these prices will pull back, but to what extent do they pull back? And what what is the danger zone of pulling back at this stage, the prices are still good, there&#8217;s still a very big room for a very big margin. And, and the name of the game now is to control the cost and remain profitable. And even at this level, even lower levels will remain profitable. Yeah. But those big tries not stay forever at those levels.</p>



<p><strong>Zinathi Gquma&nbsp; </strong>03:41</p>



<p>Yeah. And in that scenario, where those prices do pull back on a more permanent basis, how are you going to make sure that you keep the momentum into the future? Our market analyst actually did note the high the high jump in your EBITDA. And he was also concerned or he was asking if you can keep this momentum going into the second half of the financial year.</p>



<p><strong>Steve Phiri&nbsp; </strong>04:09</p>



<p>Yeah, through operational efficiencies, and we are working quite hard on operational efficiency efficiencies, so that we keep healthy margins and we can live with even lower prices, any business that does not survive in poor pricing environment, it does not belong to be in that in that sector itself. So if you can survive poor operating and pricing environment, then you will thrive in in in good times to come. And we have proven that even in the past when prices were so low, and we are building a project of 13 billion plus we survived and that&#8217;s where we are now and we are ramping up into a very good, good pricing environment. So yeah, you have to survive in bad times.</p>



<h3 class="wp-block-heading" id="h-read-anglo-american-pays-out-record-4-1-bln-to-shareholders-for-first-half"><a href="Read: Anglo Earnings"><strong>Read: </strong></a><a href="https://www.cnbcafrica.com/2021/anglo-american-pays-out-record-4-1-bln-to-shareholders-for-first-half/"><strong>Anglo American pays out record $4.1 bln to shareholders for first half</strong></a></h3>



<p></p>




Key Speakers At South Africa’s 2017 Mining Indaba

Royal Bafokeng Platinum delivers blowout quarter supported by strong metal prices

<p><iframe loading="lazy" src="https://www.youtube.com/embed/gW4Z6mIFLCI" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Join over 25 international and African leaders in the education sector for discussions, talks and interviews, as we redefine the purpose of education, and analyse how this purpose in turn will inform areas in the education system, such as leadership, curriculum development, skills and capacity building, psychological impact, technology and teaching methodology, wider-ranging credentials and financing&#8230;.</p>


Future of Education Summit 2021

<p><iframe loading="lazy" src="https://www.youtube.com/embed/p1Lo-bm0aiQ" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>As Covid-19 recreated the world as we knew it, universities worldwide were forced to reassess their strategies to survive the pandemic and thrive in the post-pandemic world. Institutions that relied on international students as a major revenue source were left reeling when visa centres and borders closed. What will the future of higher education look like next?&#8230;</p>


FOE: Is Lifelong Learning Becoming More Imperative in the New World of Work and Skills Development?

<p><iframe loading="lazy" src="https://www.youtube.com/embed/jktKxfhC-pI" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The transformation brought on by the Covid-19 pandemic globally, across all industries is likely to continue. While EduTech and online teaching and learning became more prominent in the education sector, both the strengths and weaknesses of online education have been exposed.  As the world moves out of the shadows of the pandemic, a blended learning model is most likely to emerge, and last into the future&#8230;.</p>


CNBC Africa

Serame Taukobong appointed CEO designate at Telkom

Tanzania to receive first 42 Korean electric trains by November

Rwanda: Private sector optimistic after President Suluhu’s visit

Foreign investors at NSE pull out $10mn in July

IMF $650bn Special Drawing Rights – What are the implications for Nigeria?

UBA: Sell-offs to persist in bond market amid low demand

M.A.N: CBN’S FX policy should support manufacturing

Okomu Oil Palm half-year profit up 138%

Access Bank: Appetite for current bond yields dwindling

Numsa threatens industrial action in steel and engineering sector

Majority of Africa’s C-suite executives optimistic about growth outlook, survey finds

COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

Making sense of Rwanda’s latest $620mn Eurobond issue

Royal Bafokeng Platinum delivers blowout quarter supported by strong metal prices

Future of Education Summit 2021

FOE: Is Lifelong Learning Becoming More Imperative in the New World of Work and Skills Development?

Future of Education: The latest technologies transforming the face of education

News Tips

Advertise With Us

CNBC Africa

Serame Taukobong appointed CEO designate at Telkom

Tanzania to receive first 42 Korean electric trains by November

Rwanda: Private sector optimistic after President Suluhu’s visit

Foreign investors at NSE pull out $10mn in July

IMF $650bn Special Drawing Rights – What are the implications for Nigeria?

UBA: Sell-offs to persist in bond market amid low demand

M.A.N: CBN’S FX policy should support manufacturing

Okomu Oil Palm half-year profit up 138%

Access Bank: Appetite for current bond yields dwindling

Numsa threatens industrial action in steel and engineering sector

Majority of Africa’s C-suite executives optimistic about growth outlook, survey finds

COVID-19: UMA’s Birungi on how to build resilience in Uganda’s manufacturing sector

Making sense of Rwanda’s latest $620mn Eurobond issue

Royal Bafokeng Platinum delivers blowout quarter supported by strong metal prices

Future of Education Summit 2021

FOE: Is Lifelong Learning Becoming More Imperative in the New World of Work and Skills Development?

Future of Education: The latest technologies transforming the face of education

News Tips

Advertise With Us

Newsletters