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<p>Altron has released its annual results and the company has reported an 18 per cent drop in headline earnings per share for the year ended February 2021. Altron’s revenue remained flat compared to the prior year and thy have cited the effects of Covid-19 for this performance. Joining CNBC Africa for more is Mteto Nyati, CEO of Altron.</p>


Altron HEPS down 18%

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<p>Spear REIT’s distributable income per share slumped 19.94 per cent for the year ended February. This is from the prior comparable period. This as the lack of economic activity due to Covid-19 negatively impacted the real estate sector. The Western-Cape focused property investment company has cut its dividend for the first time since it listed on the Johannesburg Stock Exchange. Spear CEO, Quintin Rossi joins CNBC Africa for more.</p>


Spear REIT records 19.94% decline in distributable income amid Covid-19 slump

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<p>FNB has expressed optimism on the Africa Continental Free Trade Area. If successfully implemented, this will be the largest free trade area agreement in the world. Although the agreement offers massive opportunities for Africa, the bank notes that there is still much work to be done. Bobby Madhav, Head of Trade at FNB joins CNBC Africa for more.</p>


FNB: Why we are bullish on the AfCFTA

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<p>A company called Pegasus Universal Aerospace is in the process of building a Vertical Business Jet in South Africa. This jet which is also called the Pegasus Vertical Business Jet, uses military technology that allows it to take off and land vertically on any surface. In addition to this they have opened a public share sale offer valid until the 18th June this year. Joining CNBC Africa for more is Innovator and Chairman of Pegasus Universal Aerospace, Dr Reza Mia.</p>


This SA developed aircraft is set to transform the way we travel on business

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<p>Commodities have been running hot this week, as the super cycle continues. Well the high commodity prices have added to the concerns of rising inflation and joining CNBC Africa to better paint this picture is Wayne McCurrie, Portfolio Manager at First National Bank Wealth and Investments.</p>


Commodities in super-cycle: Should you buy?

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<p>Long4Life has reported a 26 per cent drop in headline earnings per share for the year ended February. This is from the prior comparable period. Trade in the three group divisions was severely restricted for the majority of the first half of the year. The company has not declared a dividend. Long4Life CEO, Brian Joffe joins CNBC Africa for more.</p>


Long4Life sees decline in headline earnings on COVID-19 impact

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<p>According to research by global firm Linklaters, more than $34.7 billion has been invested in Africa’s renewable energy sector, in the last decade. Solar and wind were the continent’s most dominant sectors, with South Africa dominating investment value and transactions. Andrew Jones, Partner and the Head of Africa at Linklaters joins CNBC Africa for more.</p>


Africa’s renewable sector received $34.7bn in last decade

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<p>There seems to be some optimism on the growth prospects for the South African economy. Last week Moody&#8217;s skipped its rating for South Africa leaving the country at sub investment grade, while the IMF has forecasted South Africa’s GDP growth at 3.1 per cent for this year. Inspite of all this, Bankserv africa insists there will be rapid economic growth in the country. Mike Schüssler, Chief Economist at Economists.co.za joins CNBC Africa for more.</p>


Rapid growth forecasted for South African economy

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<p>CNBC Africa Reporter Kgomotso Modise shares the developments with regards to the Covid-19 statistics and vaccination efforts in South Africa.</p>


SA prepares for second phase of vaccination

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<p>Technology company Prosus has announced plans to acquire up to 45.4 per cent of its parent Naspers by issuing new shares. Naspers, which has a controlling stake in Prosus and would remain majority owner says it hopes the deal will improve valuation for both companies. Bob van Dijk, Group CEO of Prosus and Naspers joins CNBC Africa for more.</p>


Naspers plans share swap plan with Prosus in effort to boost value

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<p>With the boom in crypto currencies, vehicles through which cryto products can be bought are also becoming popular. One such company is Paxful. They are a platform where you can buy and sell digital currencies as the means of exchange and make payments, transactions, and send money. Ray Youssef, Co-Founder and CEO of Paxful joins CNBC Africa for more.</p>


Paxful CEO on how crypto trading platforms are empowering the unbanked in Africa

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<p>The interim results for Transaction Capital are out and the company has reported an 18 per cent jump in core headline earnings for the half year ended March 2021. Transaction Capital which has a 49 per cent stake in WeBuyCars is looking to up that stake to 74.9 per cent. Transaction Capital CEO, David Hurwitz joins CNBC Africa for more.</p>


Transaction Capital delivers solid first-half earnings

Transaction Capital delivers solid first-half earnings, seeks to take control of WeBuyCars

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<p>The second half of 2020 saw the emergence of moderate to strong La Niña conditions. La Niña, which refers to the abnormal cooling of surface temperatures in the Pacific Ocean, brings about water scarcity in some areas and floods in others. According to the latest report from Standard Bank, La Niña conditions are now weakening. However, they could emerge again in early summer. Joining CNBC Africa to discuss the implications of that on agriculture and soft commodity prices is Penny Byrne, Research Analyst at Standard Bank.</p>


La Niña conditions: Here’s what it means for soft commodity prices

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<p>With tough economic times behind us, and uncertain times ahead of us questions on whether South Africa is an attractive investor destination remain. NFB Private Wealth suggests that globally the sentiment towards South Africa is worse than ever.  Andrew Duvenage, Managing Director of NFB Private Wealth joins CNBC Africa for more.</p>


NFB Private Wealth on how SA can boost investor sentiment

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<p>With Africa said to have been the world’s most uninsured, and underinsured, continent, insurers have had the task of creating products that are suitable and affordable to the African market. Well microinsurance company aYo Holdings says their product, microinsurance is changing long-standing perceptions of insurance as complex and expensive. Marius Botha, Group GEO of aYo Holdings joins CNBC Africa for more.</p>


aYo Holdings CEO: How microinsurance can help bridge Africa’s insurance gap

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<p>Raubex has reported a 49.4 per cent slump in headline earnings per share, for the year ended February.</p>


Covid-19 weighs on Raubex earnings

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<p>The rand is on a winning streak this morning, having broken past the R14 mark against the US dollar. The currency has rallied past a 16 month high, that&#8217;s after Moody&#8217;s decided to skip this morning and joining CNBC Africa for more is Alexander Forbes Chief Economist, Isaah Mhlanga and John Cairns, Currency Economist at Rand Merchant Bank.</p>


South Africa

Altron HEPS down 18%

Spear REIT records 19.94% decline in distributable income amid Covid-19 slump

FNB: Why we are bullish on the AfCFTA

This SA developed aircraft is set to transform the way we travel on business

Commodities in super-cycle: Should you buy?

Long4Life sees decline in headline earnings on COVID-19 impact

Africa’s renewable sector received $34.7bn in last decade

Rapid growth forecasted for South African economy

SA prepares for second phase of vaccination

Naspers plans share swap plan with Prosus in effort to boost value

Paxful CEO on how crypto trading platforms are empowering the unbanked in Africa

Transaction Capital delivers solid first-half earnings, seeks to take control of WeBuyCars

La Niña conditions: Here’s what it means for soft commodity prices

NFB Private Wealth on how SA can boost investor sentiment

aYo Holdings CEO: How microinsurance can help bridge Africa’s insurance gap

Covid-19 weighs on Raubex earnings

Rand dips below R14 against dollar

News Tips

Advertise With Us

South Africa

Altron HEPS down 18%

Spear REIT records 19.94% decline in distributable income amid Covid-19 slump

FNB: Why we are bullish on the AfCFTA

This SA developed aircraft is set to transform the way we travel on business

Commodities in super-cycle: Should you buy?

Long4Life sees decline in headline earnings on COVID-19 impact

Africa’s renewable sector received $34.7bn in last decade

Rapid growth forecasted for South African economy

SA prepares for second phase of vaccination

Naspers plans share swap plan with Prosus in effort to boost value

Paxful CEO on how crypto trading platforms are empowering the unbanked in Africa

Transaction Capital delivers solid first-half earnings, seeks to take control of WeBuyCars

La Niña conditions: Here’s what it means for soft commodity prices

NFB Private Wealth on how SA can boost investor sentiment

aYo Holdings CEO: How microinsurance can help bridge Africa’s insurance gap

Covid-19 weighs on Raubex earnings

Rand dips below R14 against dollar

News Tips

Advertise With Us

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