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<p>Chemicals group AECI has reported a 120 per cent  jump in headline earnings per share for the six months ended June. This is from the previous comparable period. The company &#8211; encouraged by the mining commodity price boom and the recovery from Covid-19 declared an interim dividend of 180 cents, 80 per cent  higher than the same period last year. Mark Dytor, CEO at AECI joins CNBC Africa for more.</p>


Commodity price boom lifts AECI’s H1 earnings

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<p>While South Africa’s Finance Minister, Tito Mboweni is currently briefing the media on the recently announced Covid-19 relief package, big business seems confident that the measures put in place will assist in rebuilding the economy.</p>


Vusi

Mygrowthfund Venture Partners CEO: Govt relief measures fail to address underlying structural and socio-economic issues

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<p>President Cyril Ramaphosa has made a call to South Africans to come together to support businesses and individuals hardest hit by the recent unrest. Well FNB has heeded the call by launching a range of relief measures for impacted individual and Business customers. FNB CEO,Jacques Celliers joins CNBC Africa for more.</p>


FNB CEO outlines measures to support businesses

FNB CEO outlines measures to support businesses, customers hit hard by unrest

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<p>Kumba Iron Ore’s Earnings Before Interest, Taxes, Depreciation, and Amortization  saw a 155per cent jump year-on-year, for the six months ended June. The record earnings have been largely supported by global demand for metals and minerals and high prices. Themba Mkwanazi, CEO at Kumba Iron Ore joins CNBC Africa for more.</p>


Kumba delivers record first half performance

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<p>Government has reached a deal with a majority of public sector employees after 3 months of negotiations, but some unions have not signed the new wage deal. Among those  is the National Education, Health and Allied Workers Union (Nehawu). CNBC Africa spoke to Zola Saphetha, General Secretary of Nehawu for more.</p>


Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

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<p>In his address on Sunday, South Africa&#8217;s President Cyril Ramaphosa gave detail of a rather substantial social relief package to address the effects of the Covid-19 pandemic and the recent unrest. Among these interventions is the resumption of the R350 social relief grant until March next year, and the COVID-19 TERS scheme would be extended for those sectors which were affected by Alert Level 4.The question is, where is this money coming from and someone who may have done the math is  Annabel Bishop, Chief Economist at Investec.</p>


Ramaphosa unveils social and economic relief measures in wake of riots

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<p>Anglo American Platinum&#8217;s half year earnings surged 572 per cent surged, thanks to higher metal prices and increased output.The miner paid a record dividend, consisting of both a base dividend and a special dividend. Joining CNBC Africa to unpack the results for the six months ended June is Natascha Viljoen, CEO  at Anglo American Platinum.</p>


Anglo American Platinum H1 earnings surge on higher metal prices

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<p>The province of KwaZulu-Natal is known for its robust tourism sector. In 2020, Covid-19 dealt a blow to the sector; and the challenges have not ended. With KwaZulu-Natal being the epicentre of the unrest we saw two weeks ago, confidence in the industry has been impacted. Phindile Makwakwa, Acting CEO at Tourism KwaZulu-Natal joins CNBC Africa for more.</p>


How KwaZulu-Natal plans to bring back tourism hit hard by Covid-19 and violent riots

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<p>South Africa has announced a suite of social relief packages for individuals and businesses affected by the Covid-19 lockdowns as well as the recent riots. Joining  CNBC Africa to analyse how effective these measures will be in rebuilding the economy from these shocks is Martin Kingston, Chairman of the B4SA Steering Committee.</p>


B4SA welcomes government intervention to rebuild economy after violent riots

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<p>Liberty Two Degrees interim results are out and the property group has seen an 19per cent hike in net property income compared to the previous year, this despite the marginal shrinking in the office porfolio. The company says its retail portfolio has exceeded tartgets but The office sector remains under pressure. Liberty Two Degrees CEO, Amelia Beattie joins CNBC Africa for more.</p>


Liberty Two Degrees HEPS up 34% y/y

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<p>The South African Reserve Bank  kept borrowing costs unchanged, in a bid to support economic recovery and growth. The repo rate has been left at 3.5 per cent for the sixth straight meeting, in line with market expectations. Isaah Mhlanga, Chief Economist at Alexander Forbes joins CNBC Africa for more.</p>


Sarb keeps rates on hold in line with market expectations

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<p>Today, Satrix launched an inclusion and diversity Exchange Traded Fund. This is a first for South Africa and joining CNBC Africa to unpack that development and the ETF trends is Siyabulela Nomoyi, Portfolio Manager at Satrix.</p>


Satrix unveils SA’s first inclusion & diversity ETF

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<p>With some countries in a fourth wave of Covid-19 and lockdown restrictions returning, there is no doubt that the supply chain industry has experienced challenges. The industry has had to adapt and evolve. well the South African Association of Freight Forwarders is planning a summit to tackle  what they are calling the  biggest supply chain challenge ever seen. Devlyn Naidoo, The association&#8217;s  Executive for SARS and other Governmental Agencies joins CNBC Africa for more.</p>


How the supply chain industry is responding to Covid-19 lockdown disruptions

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<p>Wine industry body, Vinpro was back in court today for judgement on its urgent interdict application. The group wants wants liquor sales bans to be decided upon at provincial level, based on the local risk posed by Covid-19. Judgement in that matter has been postponed, joining CNBC Africa for more is Rico Basson, Managing Director at Vinpro.</p>


SA liqour industry renews calls for  lifting of alcohol ban

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<p>There’s much anticipation about this afternoon’s monetary policy announcement with consensus showing that there is unlikely to be changes to borrowing costs. The rand has been slightly stronger this morning ahead of the interest rate announcement. which may be a good sign. Joining CNBC Africa for more is Miyelani Maluleke, Economist at Absa Corporate and Investment Banking and Siphamandla Mkhwanazi, Economist at FNB.</p>


Economists expect Reserve Bank to keep repo rate unchanged

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<p>Working from home, we’ve all needed great cloud resources to keep up. Well SAP’s second quarter results have shown this. The multinational software company has recorded an 11per cent increase in cloud revenue and a 16 per cent growth in customers. Here to talk about these results and the direction that digitalization is taking is Scott Russell, Executive Board Member of SAP.</p>


SAP: Why digitization is no longer an option for companies

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<p>On top of a fragile economy, small businesses have had many challenges thrown at them in the recent while. We’ve had the Covid-19 pandemic and subsequent restrictions on the economy. And last week businesses were affected by the worst violence in post-Apartheid South Africa. Sonto Pooe, Founder of NativeChild joins CNBC Africa for more.</p>


South Africa

Commodity price boom lifts AECI’s H1 earnings

Mygrowthfund Venture Partners CEO: Govt relief measures fail to address underlying structural and socio-economic issues

FNB CEO outlines measures to support businesses, customers hit hard by unrest

Kumba delivers record first half performance

Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

Ramaphosa unveils social and economic relief measures in wake of riots

Anglo American Platinum H1 earnings surge on higher metal prices

How KwaZulu-Natal plans to bring back tourism hit hard by Covid-19 and violent riots

B4SA welcomes government intervention to rebuild economy after violent riots

Liberty Two Degrees HEPS up 34% y/y

Sarb keeps rates on hold in line with market expectations

Satrix unveils SA’s first inclusion & diversity ETF

How the supply chain industry is responding to Covid-19 lockdown disruptions

SA liqour industry renews calls for lifting of alcohol ban

Economists expect Reserve Bank to keep repo rate unchanged

SAP: Why digitization is no longer an option for companies

Small businesses bear the brunt of violent unrest in SA

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South Africa

Commodity price boom lifts AECI’s H1 earnings

Mygrowthfund Venture Partners CEO: Govt relief measures fail to address underlying structural and socio-economic issues

FNB CEO outlines measures to support businesses, customers hit hard by unrest

Kumba delivers record first half performance

Nehawu’s Saphetha explains why they are rejecting govt’s new wage deal

Ramaphosa unveils social and economic relief measures in wake of riots

Anglo American Platinum H1 earnings surge on higher metal prices

How KwaZulu-Natal plans to bring back tourism hit hard by Covid-19 and violent riots

B4SA welcomes government intervention to rebuild economy after violent riots

Liberty Two Degrees HEPS up 34% y/y

Sarb keeps rates on hold in line with market expectations

Satrix unveils SA’s first inclusion & diversity ETF

How the supply chain industry is responding to Covid-19 lockdown disruptions

SA liqour industry renews calls for lifting of alcohol ban

Economists expect Reserve Bank to keep repo rate unchanged

SAP: Why digitization is no longer an option for companies

Small businesses bear the brunt of violent unrest in SA

News Tips

Advertise With Us

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