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<p>Last week, Moody&#8217;s downgraded Botswana&#8217;s long-term local and foreign currency issuer ratings to A3 from A2 and changed the outlook to stable from negative. The ratings agency however, says that Botswana&#8217;s credit profile continues to be supported by robust fiscal metrics, in particular a low debt level and high debt affordability. Joining CNBC Africa to unpack the drivers of that downgrade and the outlook is Daniela Re Fraschini, an Analyst at Moody’s.</p>


Moody’s downgrades Botswana’s ratings to A3

Moody’s downgrades Botswana’s ratings to A3, with stable outlook

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<p>Popular coffee makers, Starbucks is celebrating its 50th anniversary globally, and they are marking this occasion with a renewed focus on building a company based on human experience, connection and community. Starbucks South Africa is also taking the opportunity of the 50th anniversary to launch an overarching brand campaign and joining CNBC Africa for more is Adrian Maizey, CEO of Starbucks SA.</p>


Starbucks celebrates a 50 year journey

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<p>The exit of Daniel Mminele from his post as Absa CEO has sparked conversation on transformation in banking.</p>


Evaluating transformation in SA’s banking sector

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<p>Trade in goods is staging an impressive recovery globally, returning to its pre-pandemic trend. All regions are recovering well, with China coming out as the star performer. However, some bilateral trade relationships remain difficult, threatening to drag on overall trade. Joining CNBC Africa to paint a clear picture of the outlook on goods trade is Jacques Nel, Head of Africa Macro at NKC African Economics.</p>


Goods trade stages impressive rebound as restrictions are eased

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<p>Overall gold demand saw a 23 per cent decline in the first quarter of this year, driven by hefty outflows in gold-backed exchange-traded funds.</p>


Is the 2020 gold rush over?

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<p>Research by the International Forum of Sovereign Wealth Funds and Franklin Templeton has uncovered challenges and opportunities for a new generation of African sovereign wealth funds. Covid-19 has been an opportunity to accelerate investment themes. Joining CNBC Africa to unpack the findings of that research is Victoria Barbary, Director of Strategy &#038; Communications at the International Forum of Sovereign Wealth Funds.</p>


COVID-19: How the pandemic impacted African wealth funds

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<p>In its latest South Africa Fund Managers Survey, the Bank of America has reported that a net 57 per cent of managers are overweight on equities, the highest since 2011. On the other hand, cash and offshore positioning is low. John Morris, South Africa Investment Strategist at Bank of America joins CNBC Africa for more.</p>


Survey finds majority of SA’s investment managers overweight on equities

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<p>Absa Corporate and Investment Banking is hosting a virtual round table on the outlook on South Africa&#8217;s economy for the second quarter of this year. The bank says recent macroeconomic performance has surprised to the upside, with strong activity indicators, subdued inflation, robust trade surpluses and much better-than-expected tax collections. Now with no sign of the anticipated third wave of Covid-19, the future picture of our economy may be changing. Peter Worthington,  Senior Economist at Absa joins CNBC Africa for more.</p>


South Africa’s economic performance surprises on the upside

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<p>Agriculture has an immense impact on the sub-Saharan population, and so any investment into this sector is very much welcome. The Milken Institute and the Motsepe Foundation have identified a need for funding, investment into mentorship and innovation in agriculture. They are offering a prize in Agritech of $2 million in a global competition for innovative solutions to increase economic value to farmers. Dr Precious Moloi- Motsepe, CEO of the Motsepe Foundation joins CNBC Africa for more.</p>


Motsepe Foundation

Motsepe Foundation, Milken Institute unveils competition to help improve Africa’s agriculture value chain

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<p>South Africa’s Competition Commission has published its final report of the Covid-19 impact assessment study. The report has found that the Commission’s work had a significant positive impact in the country during the pandemic, especially during Alert level 4 and 5 of the lockdown. Joining CNBC Africa to discuss the findings is Khalirendwe Ranenyeni, Principal Economist at the South African Competition Commission.</p>


What impact did the Competition Commission’s work have during the COVID-19 pandemic?

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<p>This morning the South African health minister Zweli Mkhize announced that it will be resuming its Johnson and Johnson vaccine rollout this week, through the department&#8217;s Sisonke Programme. This after the country halted the use of the vaccine due to concerns of blood clots after 6 cases in the US. The department says recent research shows that the cases of clotting are 1 in a million and that women between 18 and 48 are at particular risk. Koleka Mlisana, Co-chair of Covid-19 Ministerial Advisory Committee joins CNBC Africa for more.</p>


SA’s J&J vaccine roll-out programme resumes

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<p>Last week former Absa CEO left the bank in a surprise exit after just 15 months at the helm. He cited the non-alignment on matters of strategy and culture transformation and the bank has since appointed Director, Jason Quinn as interim CEO. But Despite this there are still some questions about Mminele&#8217;s abrupt exit and the Association of Black Securities and Investment Professionals also has questions about this. The Association’s Treasurer General, Khaya Sithole joins CNBC Africa for more.</p>


What Mminele’s abrupt departure means for black professionals in SA’s financial sector

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<p>Swiss-based Sommet Education has acquired a majority stake in South Africa’s Invictus Education. Sommet Education is a global leader in higher education, in hospitality and culinary arts schools. The higher education providers aim to accelerate their development plan in Africa. Joining CNBC Africa to talk about the value of the deal is Benoît-Etienne Domenget, CEO at Sommet Education.</p>


Sommet Education acquires majority stake in SA’s Invictus Education

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<p>The effects of the Covid-19 have us all looking to make an extra buck. While starting your little business on the side, we unpack what the legalities around that are, especially if you are employed, permanently or otherwise. Tertius Wessels, Advocate and Legal Director at Strata-g Labour Solutions joins CNBC Africa for more.</p>


Side hustles: What’s legal

Side hustles: What’s legal, what’s not?

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<p>It’s an inspirational story about a South African born investment group. Sakhumnotho Group Holdings celebrates its 20th Anniversary this year, and the company which describes itself as a world-class Pan-African investment corporation, says despite being relatively young, they have witnessed every economic crisis in the 21st century, and they are still here. Joining CNBC Africa to share some of their secrets to success is Prof. Sipho Mseleku President &#038; CEO of Sakhumnotho Group Holdings.</p>


Sakhumnotho’s Mseleku reflects on 20 years in business

Sakhumnotho’s Mseleku reflects on 20 years in business, why he believes the future is African

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<p>ABSA employees have been called to demonstrate over former CEO, Daniel Mminele&#8217;s abrupt exit from the bank, and to share their goodbye messages Mminele resigned from the bank earlier this week citing differences with the board on strategy, but unions say they are puzzled by this move. General Secretary of Banking and Finance Union SASBO, Joe Kokela joins CNBC Africa for more.</p>


SASBO questions ABSA interim CEO appointment

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<p>The township economy suffered severely during South Africa’s Covid-19 lockdowns. Some of the factors contributing to the rising challenges are digital exclusion, market access, and finance red tape. Joining CNBC Africa to chart the path to economic recovery of the township economy is Bulelani Balabala, Spokesperson for the Township Entrepreneur’s Alliance.</p>


South Africa

Moody’s downgrades Botswana’s ratings to A3, with stable outlook

Starbucks celebrates a 50 year journey

Evaluating transformation in SA’s banking sector

Goods trade stages impressive rebound as restrictions are eased

Is the 2020 gold rush over?

COVID-19: How the pandemic impacted African wealth funds

Survey finds majority of SA’s investment managers overweight on equities

South Africa’s economic performance surprises on the upside

Motsepe Foundation, Milken Institute unveils competition to help improve Africa’s agriculture value chain

What impact did the Competition Commission’s work have during the COVID-19 pandemic?

SA’s J&J vaccine roll-out programme resumes

What Mminele’s abrupt departure means for black professionals in SA’s financial sector

Sommet Education acquires majority stake in SA’s Invictus Education

Side hustles: What’s legal, what’s not?

Sakhumnotho’s Mseleku reflects on 20 years in business, why he believes the future is African

SASBO questions ABSA interim CEO appointment

How has Covid-19 lockdown impacted SA’s township economy & what might recovery look like?

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South Africa

Moody’s downgrades Botswana’s ratings to A3, with stable outlook

Starbucks celebrates a 50 year journey

Evaluating transformation in SA’s banking sector

Goods trade stages impressive rebound as restrictions are eased

Is the 2020 gold rush over?

COVID-19: How the pandemic impacted African wealth funds

Survey finds majority of SA’s investment managers overweight on equities

South Africa’s economic performance surprises on the upside

Motsepe Foundation, Milken Institute unveils competition to help improve Africa’s agriculture value chain

What impact did the Competition Commission’s work have during the COVID-19 pandemic?

SA’s J&J vaccine roll-out programme resumes

What Mminele’s abrupt departure means for black professionals in SA’s financial sector

Sommet Education acquires majority stake in SA’s Invictus Education

Side hustles: What’s legal, what’s not?

Sakhumnotho’s Mseleku reflects on 20 years in business, why he believes the future is African

SASBO questions ABSA interim CEO appointment

How has Covid-19 lockdown impacted SA’s township economy & what might recovery look like?

News Tips

Advertise With Us

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