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<p>Wealth Migrate has scored big with the Category 1 crowdsourcing licence it was awarded by the Financial Services Conduct Authority recently, and the company says this is good news for local investors too.  The licence allows Wealth Migrate to provide its crowd funding offering on an intermediary services basis using shares as a financial product category. Riaan van der Vyver, Chief Investment Officer at Wealth Migrate joins CNBC Africa for more.</p>


FSCA grants Wealth Migrate licence to offer crowdfunding services

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<p>Afrimat has acquired 100 per cent of the Gravenhage manganese mining right and associated assets. This expansion into manganese is a continuation of Afrimat’s bulk commodities growth and diversification strategy. The company says the investment deepens Afrimat’s commitment to supporting the South African economy. Joining CNBC Africa to unpack the deal is Andries van Heerden, CEO at Afrimat.</p>


Afrimat buys Gravenhage manganese mining right

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<p>South Africa’s Central Bank has kept interests rates on hold, as it continues to support economic recovery. Although the bank expects inflation to be contained this year, it says it stands ready to act, if it goes beyond unwelcome levels. Joining CNBC Africa for that conversation is Nthabiseng Moleko, Development Economist at the University of Stellenbosch Business School and Annabel Bishop, Chief Economist at Investec.</p>


Economists react to SARB’s interest rate decision

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<p>Tiger Brands reported a 21 per cent rise in headline earnings per share as revenue gained 8 per cent. The company noted strong revenue growth in the first quarter of the financial year and said it also clamped down on costs. Tiger Brands CEO, Noel Doyle joins CNBC Africa for more.</p>


Tiger Brands posts 21% increase in earnings

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<p>MTN South Africa has entered into a $2 million partnership with the World Bank’s International Finance Corporation to expand its mobile money business. Felix Kamenga, Chief Officer for Mobile Financial Services at MTN SA joins CNBC Africa for more.</p>


MTN SA partners with IFC to expand its mobile money business

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<p>Discovery is setting up several vaccination sites to support the Mass Covid-19 Vaccination Campaign in South Africa, Discovery Health CEO, Ryan Noach spoke to CNBC Africa for more.</p>


Discovery Health CEO gives update on the company’s vaccination programme

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<p>South Africa’s March retail sales surprised to the downside, sliding 2.5 per cent year-on-year. Market expectations were that retail sales would jump 2.8 per cent. Joining CNBC Africa to paint a clear picture of those numbers is Chris Gilmour, Analyst at Mour Media.</p>


SA retail sales slide 2.5% y/y

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<p>South Africa&#8217;s Annual Consumer Price Inflation for April has come in at 4.4 per cent, that&#8217;s up from 3.2 per cent in March. Stats SA says on a month on Month Basis, the CPI was unchanged at 0.7 per cent in April, the same as the previous month. Patrick Kelly, Chief Director at Stats SA joins CNBC Africa for more.</p>


SA’s CPI rises to 4.4% y/y in April

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<p>With the Covid-19 pandemic having been with us for over a year, many of us have resorted to shopping online, it seems to be simple and convenient, but the South African Competition Commission has seen the need to launch an inquiry into the online market. They believe there is a potential for exploitation, discrimination and consumers and not being presented with the optimal choices. James Hodge, Chief Economist at the Competition Commission joins CNBC Africa for more.</p>


Competition Commission launches inquiry into SA’s online market

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<p>There is no doubt that the insurance landscape has been impacted by Covid-19. However; while the pandemic caused disruption in the handling of insurance complaints, the office of the Insurance Ombudsman managed to perform in accordance with its mandates. Joining CNBC Africa to discuss that work is Jennifer Preiss, Deputy Ombudsman for Long-term Insurance and Edite Texeira-Mckinon, CEO at the Ombudsman for Short-term Insurance.</p>


How the office of the Insurance Ombudsman performed amid COVID-19 crisis

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<p>Anthony Clark, an Independent Analyst at Small Talk Daily Research joins CNBC Africa to give insight into the main drivers behind the rise in commodity prices.</p>


What’s fuelling the rapid rise in commodity prices?

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<p>Vodacom has reported a 3.7 per cent hike in headline earnings for the financial year ended March this year March this year and an 8.3 per cent jump in revenue. The company has seen strong growth from their prepaid and enterprise segments and financial services. They&#8217;ve also seen 7 per cent growth in service revenue in South Africa. Vodacom CEO, Shameel Joosub joins CNBC Africa for more.</p>


Vodacom delivers strong growth

Vodacom delivers strong growth, extends COVID-19 support initiatives

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<p>Localisation has been highlighted by the South African government as a key policy aim, during the recovery of the economy from Covid-19. In this drive to promote local manufacturing in SA; Intellidex undertook a study on localisation for Business Unity SA and Business Leadership SA. Joining CNBC Africa to discuss the findings is Cas Coovadia, CEO at Business Unity South Africa.</p>


Business Unity South Africa CEO shares his views on localisation

BUSA’s Cas Coovadia on SA’s localisation strategy

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<p>Developers, Calgro M3 have released their year-end results and they have swung to a loss in the year ended February 2021. The company&#8217;s revenue has also dropped by 10.7 per cent but the group still believes it is well positioned with sufficient capital and liquidity to return to activity levels last seen five years ago. Calgro M3 CEO, Wikus Lategaan joins CNBC Africa for more.</p>


Calgro M3 swings to FY loss

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<p>Astral Foods has reported a 37 per cent drop in headline earnings per share and a 7 per cent increase in revenue. Inspite of this operating profit also dropped by 37 per cent and the company says this is because poultry price increases were not sufficient to cover the increases in feed and other production-related costs. Astral Foods CEO, Chris Schutte joins CNBC Africa for more.</p>


Rising input costs weigh on Astral’s earnings

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<p>Metal workers union, Numsa has returned to the bargaining table with Eskom executives, as they continue with they bid for a wage increase. They are demanding, among other things, a 15 per cent wage increase, a one-year wage agreement and an end to salary disparities. They have also rubbished claims by Eskom on how much the average worker earns. Numsa Spokesperson, Phakamile Hlubi- Majola joins CNBC Africa for more.</p>


Numsa

Numsa, Eskom in second round of talks over salary increases

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<p>Redefine Properties has reported a 62.7 per cent decline in headline earnings per share for the half year ended February 2021. The company&#8217;s revenue also took a knock by 30.8 per cent, but despite all this, they still may declare a dividend later this year. Andrew König, CEO of Redefine Properties joins CNBC Africa for more.</p>


South Africa

FSCA grants Wealth Migrate licence to offer crowdfunding services

Afrimat buys Gravenhage manganese mining right

Economists react to SARB’s interest rate decision

Tiger Brands posts 21% increase in earnings

MTN SA partners with IFC to expand its mobile money business

Discovery Health CEO gives update on the company’s vaccination programme

SA retail sales slide 2.5% y/y

SA’s CPI rises to 4.4% y/y in April

Competition Commission launches inquiry into SA’s online market

How the office of the Insurance Ombudsman performed amid COVID-19 crisis

What’s fuelling the rapid rise in commodity prices?

Vodacom delivers strong growth, extends COVID-19 support initiatives

BUSA’s Cas Coovadia on SA’s localisation strategy

Calgro M3 swings to FY loss

Rising input costs weigh on Astral’s earnings

Numsa, Eskom in second round of talks over salary increases

Redefine Properties reports 62.7% decline in headline earnings

News Tips

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South Africa

FSCA grants Wealth Migrate licence to offer crowdfunding services

Afrimat buys Gravenhage manganese mining right

Economists react to SARB’s interest rate decision

Tiger Brands posts 21% increase in earnings

MTN SA partners with IFC to expand its mobile money business

Discovery Health CEO gives update on the company’s vaccination programme

SA retail sales slide 2.5% y/y

SA’s CPI rises to 4.4% y/y in April

Competition Commission launches inquiry into SA’s online market

How the office of the Insurance Ombudsman performed amid COVID-19 crisis

What’s fuelling the rapid rise in commodity prices?

Vodacom delivers strong growth, extends COVID-19 support initiatives

BUSA’s Cas Coovadia on SA’s localisation strategy

Calgro M3 swings to FY loss

Rising input costs weigh on Astral’s earnings

Numsa, Eskom in second round of talks over salary increases

Redefine Properties reports 62.7% decline in headline earnings

News Tips

Advertise With Us

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