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<p>Nedbank Corporate and Investment Banking sponsored the networking segment of the 2023 Joburg Indaba, held at the Inanda Club in Sandton, marking the event&#8217;s 11th year. The indaba saw over 45 experts shedding light on the evolving landscape of the mining sector. Vusi Mpofu, the bank&#8217;s Mining and Chemicals Sector Lead, pointed out the increasing reluctance of financiers to back fossil fuel projects in line with the Paris Agreement&#8217;s climate objectives. Although recent commodity price booms have strengthened miner balance sheets, capital has predominantly flowed into dividends and energy solutions rather than growth. Mpofu stressed the emerging emphasis on renewables and the transition from fossil fuels.</p>



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<p>Nedbank Corporate and Investment Banking sponsored the networking segment of the 2023 Joburg Indaba, held at the Inanda Club in Sandton, marking the event&#8217;s 11th year. The indaba saw over 45 experts shedding light on the evolving landscape of the mining sector. Vusi Mpofu, the bank&#8217;s Mining and Chemicals Sector Lead, pointed out the increasing reluctance of financiers to back fossil fuel projects in line with the Paris Agreement&#8217;s climate objectives. Although recent commodity price booms have strengthened miner balance sheets, capital has predominantly flowed into dividends and energy solutions rather than growth. Mpofu stressed the emerging emphasis on renewables and the transition from fossil fuels.</p>
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<details class="wp-block-details is-layout-flow wp-block-details-is-layout-flow"><summary>Nedbank Corporate and Investment Banking sponsored the networking segment of the 2023 Joburg Indaba, held at the Inanda Club in Sandton, marking the event&#8217;s 11th year. The indaba saw over 45 experts shedding light on the evolving landscape of the mining sector. Vusi Mpofu, the bank&#8217;s Mining and Chemicals Sector Lead, pointed out the increasing reluctance of financiers to back fossil fuel projects in line with the Paris Agreement&#8217;s climate objectives. Although recent commodity price booms have strengthened miner balance sheets, capital has predominantly flowed into dividends and energy solutions rather than growth. Mpofu stressed the emerging emphasis on renewables and the transition from fossil fuels.</summary>
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Focus On: Nedbank CIB at the Joburg Indaba

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<p>The role of sustainable finance and technology in advancing the sustainable development agenda&#8230;.</p>


Focus On: 2023 Sustainable Business Report Launch

Focus On: Launch of the 2023 Safaricom Sustainable Business Report

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<p>Traders at UBA say they expect the bond market to sustain the tepid momentum despite improved offers on the mid to long end of the curve. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA, joins CNBC Africa for a wrap on market activities&#8230;.</p>


UBA: Bond market to remain tepid

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<p>Traders expect activities at the treasury bills market to wane today as investors take profits to fund obligations. Meanwhile the Naira depreciated at the Investors and Exporters window to close Thursday at 775 Naira 20 Kobo to the greenback. Dimeji Obasa, a Fixed Income Dealer at Access Bank, joins CNBC Africa for an update on the fixed income market&#8230;.</p>


Naira down to ₦775.20/$ in IEFX Market

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<p>CNBC Africa’s Zanele Morrison sat down with Sudipto Moitra, GM:ICT Solutions, MTN Business South Africa as he described how MTN is enabling organisations in redefining industries with MTN Business 5G Private Networks. Across the world, companies that have added 5G private networks to their operations are already benefitting from the technology, which is driving automation, the Internet of Things (IoT) and artificial intelligence (AI)&#8230;.</p>


Corporate Access: How private 5G networks are driving the Fourth Industrial Revolution in Africa

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<p>The continent&#8217;s landmark African Continental Free Trade Area (AfCFTA) has struggled to make the strides that its creators would have hoped for by now. But with the soft barriers to trade, including removal of custom tariffs and a harmonization of rules of origin, largely resolved, what else remains to improve intra-regional African trade?  We bring you highlights from the Africa Partnership Conference held in Mauritius&#8230;.</p>


Focus On Africa Partnership Conference 2023: Highlights Special

Focus On Africa Partnership Conference 2023: Day Two

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<p>Traders at UBA expect the bond market to continue its bullish run on the back of market forces with interest on the short end of the curve. However, emphasis remains on the long end of the T-bills curve. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for more market updates&#8230;.</p>


UBA: Bond market sustains bullish run


<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/07/GettyImages-154793099-820x547.jpg" alt="" class="wp-image-408693" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/07/GettyImages-154793099-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2021/07/GettyImages-154793099-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2021/07/GettyImages-154793099-120x80.jpg 120w, https://cms.cnbcafrica.com/wp-content/uploads/2021/07/GettyImages-154793099-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2021/07/GettyImages-154793099-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2021/07/GettyImages-154793099-scaled.jpg 2048w" sizes="(max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">A sign stands at the entrance to the offices of Anglo American Plc in the Marshalltown district of Johannesburg, South Africa, on Friday, Oct. 26, 2012. Anglo American Plc Chief Executive Officer Cynthia Carroll , the first woman, external hire and non-South African to hold the job, will quit after Anglo lost $14 billion in value in the more than five years she was in charge. Photographer: Chris Ratcliffe/Bloomberg via Getty Images</figcaption></figure>



<p>JOHANNESBURG, Oct 4 (Reuters)&nbsp;&#8211;&nbsp;Anglo American said it is cutting corporate office jobs across several countries, as unions said its South African iron ore business plans to lay off scores of workers at its head office.</p>



<p>The global mining giant had started reorganising its operations in May, a spokesperson told Reuters on Wednesday.</p>



<p>&#8220;We expect a potential reduction in corporate office roles across a number of countries,&#8221; the spokesperson added, without giving further details of the size or location of the cuts.</p>



<p>Livhuwani Mammburu, spokesperson for the National Union of Mineworkers, earlier told Reuters that Anglo&#8217;s&nbsp;AAL.L&nbsp;Kumba Iron Ore&nbsp;KIOJ.J&nbsp;plans to cut 183 jobs, mostly at its head office, as it faces challenges in moving sufficient volumes to ports as a result of rail constraints in South Africa.</p>



<p>The job cuts could be pared back to about 141 if the restructuring plan is successful, Mammburu said, adding the labour group opposed the plans.</p>



<p>&#8220;Kumba said it&#8217;s embarking on a restructuring and the main reasons they are giving is they are not able to transport more iron ore to the port due to the problems with Transnet,&#8221; Mammburu said, referring to the state-owned logistics company.</p>



<p>The miner&#8217;s iron ore exports have been throttled by frequent disruptions, often caused by locust swarms, on the rail line operated by Transnet. The disruptions have recently been worsened by cable thefts and derailments.</p>



<p>As a result, Kumba has been forced to stockpile more iron ore at mines. Kumba&#8217;s profit in the six months through June fell by 17% due to the rail challenges and softer prices.</p>



<p>(Reporting by Felix Njini and Nelson Banya; Editing by Louise Heavens, Mark Potter and Alexander Smith)</p>


Anglo American Plc’s South African Headquarters As CEO Cynthia Carroll Quits

Anglo American cutting head office jobs in several countries

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<p>Joining CNBC Africa for this discussion is Peter Attard Motalto, MD and Lead of Political Economy, Markets &#038; Just Energy Transition at Krutham and Shameela Soobramoney, CEO, NBI&#8230;.</p>


The Power Table: Preview of COP28

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<p>Innovating Peace Finance: Mobilizing and Deploying Resources is the topic for Session 2 from the 5th Edition of the Africa Resilience Forum being held in Abidjan, Cote d&#8217;Ivoire. The focus is on concrete opportunities to finance at scale in support of peace, including through capital markets and creating a new asset class of peace bonds&#8230;.</p>


African Resilience Forum 2023: Innovating Peace Finance: Mobilizing and Deploying Resources

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<p>From the Africa Partnership Conference held in Mauritius, where government and private sector players discuss ways in which intra-Africa trade can be accelerated. We bring you insights from one of the banks operating in Mauritius and South Africa&#8230;.</p>


Focus On Africa Partnership Conference in Mauritius

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<p>By the admission of the Africa Union&#8217;s Trade Commissioner Ambassador Albert Muchanga, the continent&#8217;s landmark African Continental Free Trade Area (AfCFTA), has struggled to make the strides that its creators would have hoped for by now. But with the soft barriers to trade, including removal of custom tariffs and a harmonization of rules of origin, largely resolved, what else remains to improve intra-regional African trade?&#8230;</p>


Africa Partnership Conference: Unleashing Investment Opportunities & Revving Up intra-Africa Trade

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<p>Don&#8217;t miss the 6th and final episode of Africa’s Next Generation. The topic is: FinTech and the transformation of the payment&#8217;s ecosystem in Africa. The conversation is inspired by the upcoming Ecobank Fintech Challenge 2023 taking place on the 5th and 6th October in Lome, Togo&#8230;.</p>


Africa’s Next Generation EP6: FinTech and the transformation of the payment’s ecosystem in Africa

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<p>The theme for the 2023 Future of Work Virtual Conference is Innovation in a Rapidly Evolving World of Work. Part 2 features two panel discussions &#8211; one on Technological Innovation, Transformation and Automation, and the other on Shifting Work Dynamics and Workplace Culture&#8230;.</p>


Future of Work Virtual Conference 2023: Shifting Work Dynamics & Workplace Culture

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<p>The theme for the 2023 Future of Work Virtual Conference is Innovation in a Rapidly Evolving World of Work. In Part One, we bring you a Keynote Address by Mteto Nyati, Executive Chairman of BSG, and a panel discussion leadership. Recent research done by FORBES, shows that C-suite leaders identify high-calibre talent as their number one asset&#8230;.</p>


Future of Work Virtual Conference 2023: Innovation & Leadership in a Rapidly Evolving World of Work

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<p>This Focus On special will put the African Partnership Conference under the spotlight. We found out how this conference will bring investors together in one location with equity projects promoters to drive growth in Africa. Ken Poonoosamy, CEO of the Economic Development Board Mauritius joins CNBC Africa&#8217;s Dewald Rademeyer for more&#8230;.</p>


Focus On: African Partnership Conference 2023

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<p>The Nigerian equities market has extended its losses from the previous trading session to close the third quarter of this year in the red driven by selloffs seen in Oando. Opeoluwa Oluwa, a Research Analyst at Cordros Securities joins CNBC Africa for more on this market wrap and the outlook for the last quarter of this year&#8230;.</p>


CNBC Africa

Focus On: Nedbank CIB at the Joburg Indaba

Focus On: Launch of the 2023 Safaricom Sustainable Business Report

UBA: Bond market to remain tepid

Naira down to ₦775.20/$ in IEFX Market

Corporate Access: How private 5G networks are driving the Fourth Industrial Revolution in Africa

Focus On Africa Partnership Conference 2023: Day Two

UBA: Bond market sustains bullish run

Anglo American cutting head office jobs in several countries

The Power Table: Preview of COP28

African Resilience Forum 2023: Innovating Peace Finance: Mobilizing and Deploying Resources

Focus On Africa Partnership Conference in Mauritius

Africa Partnership Conference: Unleashing Investment Opportunities & Revving Up intra-Africa Trade

Africa’s Next Generation EP6: FinTech and the transformation of the payment’s ecosystem in Africa

Future of Work Virtual Conference 2023: Shifting Work Dynamics & Workplace Culture

Future of Work Virtual Conference 2023: Innovation & Leadership in a Rapidly Evolving World of Work

Focus On: African Partnership Conference 2023

Nigerian equities market closes Q3’23 negative

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CNBC Africa

Focus On: Nedbank CIB at the Joburg Indaba

Focus On: Launch of the 2023 Safaricom Sustainable Business Report

UBA: Bond market to remain tepid

Naira down to ₦775.20/$ in IEFX Market

Corporate Access: How private 5G networks are driving the Fourth Industrial Revolution in Africa

Focus On Africa Partnership Conference 2023: Day Two

UBA: Bond market sustains bullish run

Anglo American cutting head office jobs in several countries

The Power Table: Preview of COP28

African Resilience Forum 2023: Innovating Peace Finance: Mobilizing and Deploying Resources

Focus On Africa Partnership Conference in Mauritius

Africa Partnership Conference: Unleashing Investment Opportunities & Revving Up intra-Africa Trade

Africa’s Next Generation EP6: FinTech and the transformation of the payment’s ecosystem in Africa

Future of Work Virtual Conference 2023: Shifting Work Dynamics & Workplace Culture

Future of Work Virtual Conference 2023: Innovation & Leadership in a Rapidly Evolving World of Work

Focus On: African Partnership Conference 2023

Nigerian equities market closes Q3’23 negative

News Tips

Advertise With Us

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