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<p>SA Express is another embattled state owned airline which was due to get its wings clipped amid the tough economic landscape for the airlines industry, but they have received a lifeline from its employees. SA Express employees under a group called Fly SAX has been given the green light to buy the airline and return it to the skies.  Aviation Analyst, Desmond Latham joins CNBC Africa for more.</p>


SA Express receives lifeline from employees

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<p>South African president Cyril Ramaphosa is faced with a difficult road ahead, since his election into presidency in May last year.</p>


Outlook for President Cyril Ramaphosa’s time in office

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<p>Africa’s largest global trading partner is China; however the vulnerability of global supply chains has intensified with onslaught of the U.S-China trade tensions.</p>


How the U.S-China trade tensions impacts Africa’s free trade agreement

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<p>COVID-19 has exposed the fragilities in the global economic system. The Schwab Foundation – which is the sister organisation of the World Economic Forum &#8211; has supported the world’s leading social entrepreneurs, to reach those who the market and governments struggle to get to. Joining CNBC Africa to give insight into the role of social entrepreneurship in the COVID-19 response and recovery is Doctor Ernest Darkoh, Founding Partner at BroadReach. He also just joined the Schwab Foundation, as a board member.</p>


How social entrepreneurship can help drive post-COVID-19 economic recovery

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<p>Hyprop has reported a R4 billion reduction in the value of its property portfolio. The group’s full year results reflect the headwinds seen by most of the property sector. The company – which owns Rosebank Mall and Hyde Park Corner, amongst others – says that rental rates remain under pressure. Hyprop CEO, Morné Wilken joins CNBC Africa for more.</p>


Hyprop sees R4bn reduction in property portfolio amid COVID-19 challenges

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<p>According to a recent report by dubbed the 2020 Geography of Cryptocurrency Report there African countries namely; Nigeria, Kenya and South Africa are ranked among the top ten countries in cryptocurrency adoption. Despite the increased awareness, Kenya’s Central Bank previously issued circulars to all Kenyan banks requiring them to refrain from doing business with crypto-based companies. Aerlene Mugambi, Currency Investor and Forex Trader joins CNBC Africa for more.</p>


Kenya ranked among world’s top 10 countries in cyptocurrency adoption

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<p>Zimbabwe’s government is in talks with international investments banks to support the new Victoria Falls Stock Exchange. The exchange will trade exclusively in foreign currency and targets global capital markets especially in the mining industry. Batanai Matsika, Head of Research at Morgan &#038; Co spoke to CNBC Africa for more.</p>


Zimbabwe govt in talks with banks to support the new Victoria Falls Stock Exchange

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<p>Aluminium supplier and exporter, Hulamin has reported a decrease of 35 per cent in sale volumes for its interim period, as a consequence of the COVID-19 crisis. The group also a reported an interim loss of 53.1 per cent which included the costs related to the closure of its Olifantsfontien plant. Hulamin CEO, Richard Jacob joins CNBC Africa for more.</p>


Hulamin CEO on the disruption to manufacturing amid COVID-19

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<p>Global ratings S&#038;P has revised Botswana’s outlook to negative from stable due to the higher pressures on Botswana’s economic, external and fiscal performance over the next two years considering the covid-19 crisis and the impact on diamond exports. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.</p>


S&P revises Botswana’s outlook to negative from stable

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<p>The popular and vibrant Maboneng, in the centre of Johannesburg, is getting a massive new extension. Reviving the urban centre, the Divercity Urban Property Fund will be launching the R1.8 billion Jewel City in Maboneng, on Heritage Day next week.</p>


Divercity’s R1.8bn Jewel City in Maboneng to be launched on Heritage Day

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<p>Collaboration is a key theme is addressing South Africa’s economic crisis, as there has been an increase in meaningful strategic plans for growth between government and the private sector. Joining CNBC Africa to unpack more on the path to South Africa’s recovery is Arthur Kamp an  Investment Economist at Sanlam Investments  and Zanele Mocumi, Portfolio Manager of  Developmental Impact Investments at  Eskom Pension and Provident Fund.</p>


COVID-19: Charting the path to SA’s economic recovery

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<p>The Solidarity Fund was established in March this year to help support the economic effects of COVID-19, so far it has raised R3.8 billion.</p>


Here’s how much the Solidarity Fund has raised & committed towards COVID-19 relief

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<p>The South African Reserve Bank has done a considerable amount of heavy lifting. This year alone, the repo rate was cut by 300 basis points. For many, it is no surprise that the bank decided to keep the rate unchanged, in its latest MPC meeting. In addition, the Reserve Bank has changed its forecast for GDP contraction in 2020, to 8.2 per cent. Investec Chief Economist, Annabel Bishop joins CNBC Africa for more.</p>


SARB forecasts GDP contraction of 8.2% in 2020

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<p>Logistics and transport group OneLogix has reported a 46 per cent drop in headline earnings. The company has not declared a dividend, after reporting a profit decline for the first time in 11 years. And this is due to the uncertain economic environment created by COVID-19. OneLogix CEO, Ian Lourens joins CNBC Africa for more.</p>


OneLogix reports profit decline for the first time in 11 years

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<p>The South African Reserve Bank is set to announce its policy rate decision this afternoon, will analysts divided on whether rates will remain unchanged or cut by a further 25 basis points.</p>


SA MPC Meeting: Will the SARB cut interest rates further?

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<p>Lock-downs all over the world have given a glimpse, of what a cleaner world would look like. According to management consulting firm Kearney, this should speed up the move toward renewable energy supply. The firm adds that the renewables industry can emerge from COVID-19, as one of the more confident sectors. In a South African context, the energy mix is especially needed, as Eskom is struggling to keep the lights on. Prashaen Reddy, Partner at Kearny joins CNBC Africa for more.</p>


How COVID-19 has spurred the move towards renewable energy supply

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<p>Insurance group Discovery is bracing for more tough times ahead, as its share price fell by more than 3 per cent today. The group reported a 94 per cent drop in earnings, while also revealing a more than R2 billion spend on new business initiatives. Due to uncertainty in the market, no dividend has been declared. Discovery CEO, Adrian Gore joins CNBC Africa for more.</p>


South Africa

SA Express receives lifeline from employees

Outlook for President Cyril Ramaphosa’s time in office

How the U.S-China trade tensions impacts Africa’s free trade agreement

How social entrepreneurship can help drive post-COVID-19 economic recovery

Hyprop sees R4bn reduction in property portfolio amid COVID-19 challenges

Kenya ranked among world’s top 10 countries in cyptocurrency adoption

Zimbabwe govt in talks with banks to support the new Victoria Falls Stock Exchange

Hulamin CEO on the disruption to manufacturing amid COVID-19

S&P revises Botswana’s outlook to negative from stable

Divercity’s R1.8bn Jewel City in Maboneng to be launched on Heritage Day

COVID-19: Charting the path to SA’s economic recovery

Here’s how much the Solidarity Fund has raised & committed towards COVID-19 relief

SARB forecasts GDP contraction of 8.2% in 2020

OneLogix reports profit decline for the first time in 11 years

SA MPC Meeting: Will the SARB cut interest rates further?

How COVID-19 has spurred the move towards renewable energy supply

Discovery CEO on FY earnings, investment opportunities amid the COVID-19 crisis

News Tips

Advertise With Us

South Africa

SA Express receives lifeline from employees

Outlook for President Cyril Ramaphosa’s time in office

How the U.S-China trade tensions impacts Africa’s free trade agreement

How social entrepreneurship can help drive post-COVID-19 economic recovery

Hyprop sees R4bn reduction in property portfolio amid COVID-19 challenges

Kenya ranked among world’s top 10 countries in cyptocurrency adoption

Zimbabwe govt in talks with banks to support the new Victoria Falls Stock Exchange

Hulamin CEO on the disruption to manufacturing amid COVID-19

S&P revises Botswana’s outlook to negative from stable

Divercity’s R1.8bn Jewel City in Maboneng to be launched on Heritage Day

COVID-19: Charting the path to SA’s economic recovery

Here’s how much the Solidarity Fund has raised & committed towards COVID-19 relief

SARB forecasts GDP contraction of 8.2% in 2020

OneLogix reports profit decline for the first time in 11 years

SA MPC Meeting: Will the SARB cut interest rates further?

How COVID-19 has spurred the move towards renewable energy supply

Discovery CEO on FY earnings, investment opportunities amid the COVID-19 crisis

News Tips

Advertise With Us

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