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The race for a Covid-19 vaccine has begun as the U.K and U.S have already started working on the first batches of vaccine trials. But the rest of the world is not far behind in vaccine research either as earlier this week South Africa’s health minister Zweli Mkhize pronounced that the country’s participation in the Public Health Emergency Solidarity Trial created by the World Health Organisation. Mkhize stated that participation in the trials benefit South Africa from being at the forefront of accessing approved vaccines and adding our expertise to the global body of knowledge around Covid-19. Shabir Madhi, Professor of Vaccinology at the University of Witwatersrand joins CNBC Africa for more.

Understanding SA’s role in the race to find COVID-19 vaccine

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Dawit Mekonnen, a research fellow at the International Food Policy Research Institute joined CNBC Africa to discuss the synergies between rural electrification and agricultural productivity, processing, and businesses in Ethiopia.

How rural electrification is transforming Ethiopia’s agriculture sector

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The COVID-19 pandemic has seen countries across the Common Market for Eastern Africa implemented new trade regulations, restricting the movement of some goods and services to curb the spread of the virus. Sandra Uwera, CEO, COMESA Business Council joins CNBC Africa to discuss how best this can be done to minimize losses.

How COVID-19 is impacting trade across the COMESA region

By Maram Ahmed, Senior Fellow at the School of Oriental and African Studies, University of London



In Africa, humanitarian needs are quickly outpacing funding available.



If current trends continue, humanitarian assistance costs are forecasted to rise to $50 billion by 2030. And by then, more than 80% of the world’s poor will live in areas that are conflict-affected and deemed fragile, according to the Organisation for Economic Co-operation and Development (OECD).&nbsp;



The funding shortfall comes at a time when there is a rise in natural disasters, climate-induced humanitarian problems and conflicts are becoming more complex and protracted.



Also, the rapid spread of COVID-19 not only threatens people and communities across the globe but could compound existing vulnerability in fragile places in an unprecedented manner.



READ: <a href="https://www.cnbcafrica.com/insights/energy-environment/2019/10/07/op-ed-how-green-sukuk-could-help-africa-fight-fund-climate-change/">Op-Ed: How green sukuk could help Africa fight &amp; fund climate change</a>



As humanitarian contexts rapidly change and the funding gap widens, organisations must push forward to diversify their funding sources.



Moving beyond traditional donors, innovative financial mechanisms have the potential to make a significant contribution to redressing funding shortfalls in the continent.



For example, in Kenya, faith-based financing, such as traditional tools of Islamic Finance, have been channeled for humanitarian purposes.



Instruments such as Zakat have been used to meet humanitarian needs.



Zakat is an annual donation made by Muslims consisting of 2.5% of one year’s cumulative wealth. Although a religious obligation, it is often perceived as a wealth purifier. Estimates of Zakat range from $232 billion to $560 billion per year, according to the Islamic Development Bank.



In 2018, the International Federation of the Red Cross and Red Crescent Societies (IFRC) mobilised Zakat funds raised in Malaysia to finance a drought assistance programme in the Kenyan county of Kitui.&nbsp;



$1.2 million worth of Zakat was used to help communities in Kitui to recover from climate-change induced drought by enhancing water and food security.



Innovative finance tools were also implemented to raise funding to build and operate physical rehabilitation centres in Mali, Nigeria and the Democratic Republic of Congo.



The International Committee of the Red Cross (ICRC) launched the first Humanitarian Impact Bond in 2017 raising 26 million Swiss francs to provide crucial services for people with disabilities such as rehabilitation.



The five-year bond is a first in the humanitarian sector and helped secure long-term funding from private impact investors for humanitarian projects.



Impact bonds are a type of results based financing that aims to reward service providers (such as the ICRC) for positive results.&nbsp;



Independent auditors will assess the efficiency of the ICRC’s operation of the rehabilitation centres. If the project is deemed a success, then the outcome funders pay back investors partially, in full or with a return &#8211; this is determined by pre-agreed outcomes. The outcome funders in this case are Western governments and foundations.



As humanitarian organizations struggle with the shortfall, these innovative financing models and others are testing tools for humanitarian actors to help plug the gap and create greater impact.



It was estimated that approximately $28.8 billion was needed to help respond to humanitarian crises this year – this was before the COVID-19 pandemic spread quickly. These figures will be much worse after the impact of the virus is felt.



Looking ahead, the economic hit of the coronavirus will inevitably mean government aid budgets and donations will dwindle.



So now more than ever there is an opportunity for humanitarian organizations to evolve their funding going beyond immediate relief to building resilience.&nbsp;

shutterstock_383469793

Op-Ed: How innovative financing can assist Africa’s humanitarian needs

We all possess an invisible crystal ball that works illimitably in our minds. For most, it is the subconscious belief that conditions are going to get better; the next day will eclipse the last and so forth. I call it the optimist’s theory of mitigation; we subconsciously coerce our minds to believe that over time, all risks can and will be mitigated. This is what makes us human.



As I ponder over this theory and historic events, I cannot but ruminate on the current Covid 19. We have seen nothing like this before. The only people who have any recollection of something similar are centenarians who would have then been at least teenagers during the Spanish flu in 1918. Not many left! The Spanish flu did not originate in Spain as many believe, the flu actually started after World War 1 and was first detected in US troops who spread the pandemic.



There are volumes written about the causes and the impact of the H1N1 virus that spread influenza across the globe. Even at that time the infection spread across the world with 500 million people contacting and about 50 million people dying from the virus. Those are scary numbers. At that time there were no advanced medical facilities, Intensive Care Units or mechanical life support systems and/or ventilators. It took approximately 12 months for the pandemic to stop; it is widely believed that it was not a vaccine or a cure that eradicated the pandemic but it ceased after people had either died or developed immunity. What the flu taught humans was that in keeping with Murphy’s Law, things will go wrong and the impact of these pandemics will be severe; both humanity and economics will be casualties of exponential dissemination. However, as humans we have always prevailed and come out stronger.



What appears to be consistent remedies to containment but not eradication are social distancing, hygiene, wearing masks, lock downs and flattening the curve measures that were adopted in 1918 as they are being done today. Time and again, nature reminds us through various outbreaks that something sinister can happen. In the aftermath of the Spanish Flu, a lot of research was done on the pandemic but in reality, no vaccine can be developed in advance for a virus that constantly mutates itself.&nbsp; It is not surprising that we managed to contain various pandemics like the Asian flu in 1957-58, AIDs since 2001, H1N1 or the Swine Flu in 2009-10 and Ebola from 2014-16. The question therefore is not only whether there is a way out but is there a way we can prepare better. We come back to the age old malady that we tend to learn from what we have done right and not from what went wrong.



What are winners that will come right at a time like this is innovation led by technology. The revolution will be meteoric. Even for dinosaurs like me, the adaptation to these times has been expeditious. Managing a business spanning 3 continents by sitting on my desktop was never conceivable. The mind has once again proven its superiority over matter. If we believe we will surpass any crisis.



There are no right answers during a crisis. How did our leaders act when they were faced with the question of risk to their citizens? Do we enforce lockdowns or do we allow normalcy and then to what degree? Does what work in one country necessarily work in another? History will judge each one as we are living through a period where there are no immediate answers. It’s frightening that even the most learned ones revel in the theory of “being less wrong” than others. More realistic is the fear that the only solace we will find is when our bodies and businesses face the test of immunity; immunity that is the only answer for survival and continuity.



But this is the sad reality of our current time. As we continue to experiment through this ordeal, I encourage everyone to revert to my optimist’s theory of mitigation; we will find a way out and let no one judge anyone particularly our leaders (save a few) on what course they selected, as they risked a lot in making the choices that impact the lives of billions. Never before as leaders have we had to take one day at a time to course-correct. It is unprecedented in our lifetime. Let us stand together, follow the law in letter and spirit, contribute towards the destitute, celebrate each success and exonerate our failures as there is light at the end of this tunnel; we simply need to revel with optimism.

Clarification on COVID-19 “hotspots” as SA moves to level 3 lockdown

The Optimists Theory of Mitigation

By Chris Bishop



Oil will recover to $43-a-barrel by the end of the year.



That was the word from commodity analyst Giovanni Staunovo at an online briefing by UBS that painted a slightly encouraging picture of the world economy.



The briefing heard that there had been an uptick in investment and retail interest in gold, despite under pressure central banks slowing purchases of bullion &#8211; which was a cushion for the world economy last year. Joni Teves a precious metals Strategist for UBS, said she believed the gold market would be well supported in 2021.



Oil was also likely to shake off its low price blues this year despite a drop in demand of 20%,largely because of COVID-19, in a market where supply has not fallen. &nbsp;&nbsp;&nbsp;



“In the short term there is downward pressure if we keep oil prices subdued,” says Staunovo.



“We will see 43 dollars a barrel at the end of the year. We will see mobility restrictions being removed and oil demand will be high, but it will still take time to recover by December. There will be a demand recovery in the third quarter and we will see more people flying than before and production is falling very quickly among OPEC and its allies.”

A second wave of COVID-19 will have ‘major consequences’ for the oil market, IEA warns

Oil to recover to $43 by December – UBS analyst

By Akinwumi A. Adesina



We are in a battle against time to curb the COVID-19 pandemic. While tackling the Coronavirus pandemic has grabbed global attention, a new crisis that could claim a lot more lives is brewing in Africa: massive locust invasions.



Billions of desert locusts are ravaging countries all across East Africa, including Kenya, Somalia, Ethiopia, Sudan, South Sudan, Uganda, and Djibouti. It has been reported that their numbers are likely to increase by up to 400 times by June 2020, reaching crisis levels.



The Food and Agriculture Organization of the United Nations (FAO) has estimated that unless quickly controlled, 5 million additional people in East Africa will be hungry by June.



An unprecedented race against time has begun to urgently stop the progression and potentially devastating impact of the deadly twins: COVID-19 and the locusts for millions in Africa.



We all know that rains are good for crops. But then when good rains also caused favorable breeding environments for locusts, the joy of rains has suddenly turned hopes of expected plenty into glooms of hunger.&nbsp; Is the best of times becoming the worst of times?



Locust breeding populations have increased massively. The locust plague moves with devastating effects: imagine a carpet of locusts of up to 150 million locusts covering a square kilometer. And think about it, that they can consume crops in one day that can feed approximately 35,000 people. In East Africa, where FAO estimates that some 20 million people are already food insecure, the effects will be devastating.



The locust crisis emerges as the continent is dealing with the COVID-19 pandemic. These are tough odds to face.



Today, distressfully, choices for millions of the poor are oddly similar: to stay in confinement and escape dying from Coronavirus or dying from hunger staying at home.



It is already playing out. Food riots broke out a few days ago in Kibera, the largest slum in Kenya, as people trampled over each other, defying social distancing &#8211; prescribed to stem the spread of the Coronavirus &#8211; to get food. Coronavirus could kill, but hunger kills many more people.



With the lockdowns for the COVID-19 pandemic, pest control workers are largely unable to go out to spray. While restrictions have been lifted to allow aircrafts used to spray to operate, they can do little as they are largely unable to get access to the chemicals, due to disruption of supply chains.



It appears that those who escape the COVID-19 will soon face LOCUST-19. In East Africa alone, the number of hungry people could jump to 30 million people.



There are several lifesaving recommendations we can act on now. These include one, the creation of a &#8220;green channel&#8221; for the free flow of food and agricultural inputs and pesticides to control pest attacks. Two, putting in place measures to prevent food price hikes by releasing food from government grain reserves and implementing anti-hoarding policies. Three, rapidly scaling up food production technologies, including high-yielding, early-maturing, drought-tolerant, disease- and pest-resistant staple crops, and programs such as the African Development Bank’s flagship program, the Technologies for African Agricultural Transformation (TAAT) initiative.



The good news is that the African Development Bank has joined the FAO as the frontrunners in this unprecedented race against time. The Bank has just approved a $1.5 million grant to the Intergovernmental Authority on Development (IGAD) and the FAO to support efforts to spray against the locusts and safeguard livelihoods in the East and the Horn of Africa. More help will be needed.



The last thing Africa needs now, as we are battling with the COVID-19 pandemic, is a hunger pandemic.



COVID-19 has taken the international community on an unpredictable journey. Thankfully, we can preclude and halt the locust crisis. For that to happen, we all must rally around the FAO to provide the $153 million needed.



COVID-19 cannot be followed by LOCUST-19.



For more coverage on COVID-19 visit: <a href="https://www.cnbcafrica.com/covid-19/">https://www.cnbcafrica.com/covid-19/</a>

AfDB board stands by embattled President Adesina

Op-Ed: Africa cannot afford LOCUST-19

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South Africa’s oldest retailer Edcon has confirmed the expected – that it may not emerge from Covid-19 lock-down alive. The 90-year-old retailer has entered voluntary business rescue after losing R2 billion in sales during the COVID-19 crisis and lock-down which has made it difficult to pay suppliers and debtors. Joining CNBC Africa to discuss what a rescued Edcon may look like in future is Teboho Maruping, Commissioner, Unemployment Insurance Fund.

UIF & PIC in talks with Edcon over a potential lifeline

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Joining CNBC Africa for a look at the local markets is Anthea Gardner, Managing Partner at Cartesian Capital.

PSG’s Capitec unbundling: Who are the takers?

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A national response unit designed to cushion most vulnerable individuals and businesses from COVID19 is now live following the signing by President Uhuru Kenyatta of the Tax Laws Amendment Bill, 2020, into law. This opens a window for the newly introduced fiscal measures to protect low-income earners, small businesses, and retirees from the negative effects of COVID-19. Economic Analyst, Reginald Kadzutu joins CNBC Africa more.

Kenya unveils tax relief measures in response to COVID-19

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Kenyan truck drivers have been reported to be protesting a decision made by the Ugandan Government, to have cargo trucks handed over to local drivers at the border after sanitisation. The move is an attempt to prevent the spread of COVID-19 in Uganda as transit cargo truck drivers are said to be the main carriers of the virus into the country. Analyst and Chief Strategist at Impact Communication Strategies, Ken Agutamba joins CNBC Africa more.

Uganda ramps up fight against COVID-19 pandemic

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Nigerian crude grades have come under pressure as the Covid-19 pandemic continues to impact global demand for crude John Uwajumogu, Partner at EY Transaction Advisory Services joins CNBC Africa for more on the global oil market.

EY on COVID-19 oil sector impact on Nigeria

Against the Odds with Peace Hyde EP05 hosts Arunma Oteh

Against the Odds with Peace Hyde: Arunma Oteh

Embattled retailer Edcon has entered into voluntary business rescue proceedings after losing R2 billion in turnover during South Africa’s lockdown, this was said in a statement on its website. The 90-year old retailer said it is unable to meet its financial obligations and is also expecting “muted demand” once SA’s lockdown ends . The letter states that the business rescue proceedings place a moratorium on all legal and enforcement actions against the company and will still resume operations and open Edgars and Jet stores in “business rescue mode” on May 1 in line with the lockdown regulations. Below is its full statement&#8230;



The Edcon group announced today, that the Board of Edcon has passed a resolution authorizing it to file for business rescue in the course of the next few days. Following the coronavirus outbreak in South Africa, and the President’s first announcement on Sunday, 15th March Edcon has lost R2bn in sales. The sales miss, and the decline in collections of the debtor’s book has meant that Edcon is unable to pay its suppliers for both the March and April month-ends. Paying April salaries will require assistance from the UIF Covid-19 TERS program. Edcon also anticipates that the sales will be depressed for some time during the “Covid-19 Risk Adjusted Strategy” phase, which may last several months. The R2.7bn (circa R230m of which was still due to be received to March 2021) cash provided to Edcon in the last restructuring has been substantially utilized funding the losses for the financial years ending March 2019, and March 2020, as planned. Edcon was on track with its business plan to the end of December 2019. The R2bn of lost sales during the Covid-19 crisis period which included the necessary “social distancing” measures, lockdown and extended lockdown, has consumed the Group’s remaining cash. The transformation journey has been a tough one for Edcon, starting in April 2018 when we started implementing the “shrink” restructuring which included the return to a customer centric approach by focusing on product, instore customer experience, and growing the credit business and customer base. Edcon, during the turnaround has been against strong headwinds, including “load sheading” and an economic recession in quarter three and quarter four of 2019. Whilst some progress had already been made on the product and instore experience, the first fully revamped offering would only have been realized in winter 2020. Edcon will open its doors and trade in line with the “level 4” regulations as indicated by the government’s “risk adjusted strategy.” Grant Pattison commented, “Edcon’s stores will open on the 1st May, but we will have do so under “Business Rescue”. This decision was made in the best interest of our company and all our stakeholders. In the short time that has been available to us, we have been unable to raise the funds needed to pay the creditors for the March and April month-ends. In this circumstance, South African law requires that the company either be placed in liquidation or business rescue. To provide us with a longer period to raise the money, the Board has taken a decision to file for business rescue. In addition, Pattison stated, “We will be working closely with the appointed Business Rescue Practitioners, shareholders and government to find a way to plug the financial hole. It is my hope that some version of the business will emerge to continue to serve customers.” Pattison ended by saying, “The safety and well-being of our employees, customers and partner employees is our priority as we open up again. I am unable to provide any further information at this stage other than to say that the company will continue to keep you updated on developments as the situation unfolds.” The business rescue proceedings will be guided and supervised by the nominated business rescue practitioners (BPR), Messrs. Piers Marsden and Lance Schapiro. About Edcon Edcon is one of southern Africa’s largest non-food retailers. We have been in operation for 90 years, and operate our business under four principal divisions throughout southern Africa: variety of Fashion, Beauty and Homeware. Showcasing a portfolio of desired and recognisable international and local brands Edgars enables South Africans to express themselves for all occasions tomer in clothing, home and beauty without compromising aspirations. customer journey through convenient, personalised, access to products and services through both physical and digital channels. It includes credit, insurance, cellular, e-commerce and our loyalty programme, thank U, which is one of the largest rewards programmes in sub-Saharan Africa.

Edcon CEO Grant Pattison’s impassioned plea to suppliers

Edcon files for business rescue as COVID-19 lockdown brings it to its knees

In order to help <a href="https://www.cnbcafrica.com/coronavirus/2020/04/25/these-are-the-sectors-sa-is-considering-reopening-in-phase-4/">small and medium enterprises</a>, support the <a href="https://www.cnbcafrica.com/videos/2020/04/24/sa-economy-to-begin-a-gradual-reopening-on-1-may/">economy</a> and save jobs, the South African Reserve Bank (SARB) and the National Treasury are partnering with members of the Banking Association South Africa (BASA) to roll out a <a href="https://www.cnbcafrica.com/videos/2020/04/24/is-r800bn-stimulus-enough-for-markets/">R200 billion Covid-19 loan scheme</a>.



The scheme will allow qualifying <a href="https://www.cnbcafrica.com/article/2020/04/28/how-10000-covid-19-hit-companies-blundered-and-missed-out-on-millions/">businesses</a> to apply for loan funding from their primary bank for three months of operational costs, such as salaries, rent and supplier payments.



The statement below provides more details:



Covid-19 Loan Scheme for Small and Medium Enterprises



The R200 billion Covid-19 loan scheme is the outcome of the South African Reserve Bank (SARB) and the National Treasury partnering with members of the Banking Association South Africa (BASA) to help small and medium enterprises, support the economy and save jobs. The scheme will allow qualifying businesses to apply for loan funding from their primary bank for three months of operational costs, such as salaries, rent and supplier payments. All loans will be subject to bank credit approvals.



The Covid-19 loan scheme is a special credit facility that is being disbursed on behalf of SARB and National Treasury, using the infrastructure of the banking industry. Risk-sharing mechanisms in the scheme balance the need for government to support qualifying businesses, with ensuring the continued safety and soundness of the banking system. Similar schemes have been rolled out in over 50 countries in recent weeks.



Funding for these Covid-19 loans will be provided to banks by the SARB through a special financing mechanism. Any losses on the loans will first be offset against any margins earned on a bank’s portfolio of Covid-19 loans. Losses thereafter will be offset against a guarantee fee payable to the National Treasury by banks. Any further losses thereafter will be shared, with the first six percent being absorbed by the banks and the net balance absorbed by the National Treasury. Each bank will sign a bilateral agreement with the SARB, covering their participation in the scheme. The SARB will in turn contract with the National Treasury.



The scheme – which will start with an initial R100 billion &#8211; will be launched as soon as all the necessary legal agreements are in place. All parties are working around the clock to implement the scheme as quickly as possible after these agreements are finalised. While the finer details of the Covid-19 loan scheme and the related application process are still being finalised, the following principles will apply:



<ul class="wp-block-list"><li>The Covid-19 loan scheme is a commercial arrangement and requires a credit application process, through which banks must evaluate if the business will likely be able to service all its commitments after the pandemic and lockdown. Banks are not obliged to extend Covid-19 loans and business owners may be required to sign surety.</li></ul>



<ul class="wp-block-list"><li>The size of the Covid-19 loan will be calculated on the three-month funding requirement of certain operating expenses of the business, as approved by the bank, to be disbursed in monthly tranches.</li></ul>



<ul class="wp-block-list"><li>Banks will not profit from the provision of the SARB guarantee. However, the administrative cost of facilitating the loans and the cost of capital will be recovered.</li></ul>



<ul class="wp-block-list"><li>In the event of default, the Covid-19 loan would be subordinated to all other creditor claims.</li></ul>



<ul class="wp-block-list"><li>The repayment of shareholder loans or dividends, using these funds, is expressly prohibited.</li></ul>



To qualify for the standardised Covid-19 loan, businesses, including sole proprietors, must inter alia:



<ul class="wp-block-list"><li>Have a turnover under R300 million per annum</li></ul>



<ul class="wp-block-list"><li>Be in good standing with their bank, prior to the onset of the Covid-19 pandemic</li></ul>



<ul class="wp-block-list"><li>Be registered with the tax authority</li></ul>



<ul class="wp-block-list"><li>Have insufficient normal borrowing capacity to fully fund its monthly operating expenses</li></ul>



<ul class="wp-block-list"><li>Be adversely impacted by the lockdown.</li></ul>



Companies that may qualify for a Covid-19 loan, are advised to contact their primary bank. The launch date of the scheme and further details are expected to be announced shortly.



During the initial phases of the scheme, some processing backlogs will be inevitable. Banks undertake to work though these as quickly as possible and ask clients to be understanding of the challenges our staff have operating in the lockdown.



The R800 billion economic relief and stimulus package announced by President Cyril Ramaphosa and the Minister of Finance, Tito Mboweni, is an urgent and necessary part of saving lives and livelihoods, as the country unites to curb the pandemic. It will do much to alleviate poverty, hunger and uncertainty in our communities.



As important as they are, these emergency measures are not a sustainable solution to the devastating social and economic damage caused by the pandemic. We call on the President to urgently implement the ‘third phase’ of his economic recovery strategy: infrastructure development, structural reforms and sustainable transformation, to kickstart inclusive economic growth, create jobs and boost consumer and investor confidence. We need to rebuild a new and better economy for all South Africans. We hope these measures will be reflected in the extraordinary budget, which is yet to be announced. It is essential for both lives and livelihoods that we safely and fully reopen the economy as soon as possible.



Issued on behalf of The Banking Association South Africa



For more coverage on COVID-19 visit: <a href="https://www.cnbcafrica.com/covid-19/">https://www.cnbcafrica.com/covid-19/</a>

ArcelorMittal South Africa fined R3.64 million over hydrogen sulfide emissions

How SA’s R200bn Covid-19 loan scheme for small businesses works

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During the recent gloomy days of being confined to one’s house due to the national lock-down and practising social distancing, renowned cartoonist Zapiro has been busy creating hilarious and sharply truthful cartoons of the Covid-19 virus in South Africa. Zapiro joins CNBC Africa for more on the impact that Covid-19 is having on his business and how he is coping with the lock-down.

Renowned cartoonist Zapiro on how the coronavirus crisis impacts his work

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Prices and demand for oil have been seeing a dramatic decline globally, so what does this mean for a country whose economy depends on the commodity? And how does that factor into South Sudan’s budget allocations pertaining to the nation’s fight against COVID-19. Africa Political and Economic Affairs Analyst, Akol Dok joins CNBC Africa for more.

Newsletter

Understanding SA’s role in the race to find COVID-19 vaccine

How rural electrification is transforming Ethiopia’s agriculture sector

How COVID-19 is impacting trade across the COMESA region

Op-Ed: How innovative financing can assist Africa’s humanitarian needs

The Optimists Theory of Mitigation

Oil to recover to $43 by December – UBS analyst

Op-Ed: Africa cannot afford LOCUST-19

UIF & PIC in talks with Edcon over a potential lifeline

PSG’s Capitec unbundling: Who are the takers?

Kenya unveils tax relief measures in response to COVID-19

Uganda ramps up fight against COVID-19 pandemic

EY on COVID-19 oil sector impact on Nigeria

Against the Odds with Peace Hyde: Arunma Oteh

Edcon files for business rescue as COVID-19 lockdown brings it to its knees

How SA’s R200bn Covid-19 loan scheme for small businesses works

Renowned cartoonist Zapiro on how the coronavirus crisis impacts his work

How South Sudan is responding to the economic shock of COVID-19

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EY on COVID-19 oil sector impact on Nigeria

Against the Odds with Peace Hyde: Arunma Oteh

Edcon files for business rescue as COVID-19 lockdown brings it to its knees

How SA’s R200bn Covid-19 loan scheme for small businesses works

Renowned cartoonist Zapiro on how the coronavirus crisis impacts his work

How South Sudan is responding to the economic shock of COVID-19

News Tips

Advertise With Us

Newsletters