<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6191032255001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6191032255001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>Super Group has reported a headline earnings decrease of 59.6 per cent, to 151.2 cents. Major business disruptions impacted the Group’s trading severely, in the countries it operates in. Super Group CEO, Peter Mountford joins CNBC Africa for more.</p>


Super Group’s Peter Mountford weighs COVID-19 impact

Super Group’s Peter Mountford weighs COVID-19 impact, plans to revive Dealerships SA

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6190966343001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6190966343001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>Nutritional Holdings reported positive earnings results for the year ended 29 February 2020. Reporting a growth of over 180 per cent, CNBC Africa&#8217;s Zinathi Gquma spoke to Mohammad Azum, CEO of Nutritional Holdings to unpack some of the challenges faced &#8211; especially considering the closure of schools hurting the supply of dry food products to feeding schemes.</p>


Nutritional Holdings reports strong growth in tough market

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6190942486001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6190942486001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>African Rainbow Capital Investments reported that its ARC Fund which is its investment vehicle rose 19 per cent to R11.1 billion and they have announced a R750 million rights offer to shareholders.</p>


How COVID-19 has impacted ARC’s investment portfolio

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6190939986001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6190939986001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>Harmony Gold reported a full year loss of R828 million despite soaring gold prices boosting revenue and a weaker exchange rate. The group reported headline earnings per share decrease of 175 per cent and increased its production profit by 9 per cent. Harmony Gold CEO, Peter Steenkamp joins CNBC Africa for more.</p>


Harmony Gold reports 9% increase in FY revenue

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6190933267001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6190933267001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>The devastating impact of COVID-19 in Africa is not seen in the case numbers but rather in the economic effect that the pandemic has on businesses, growth and economic activity. Joining CNBC Africa to unpack a report on Africa’s post-COVID-19 recovery is Marisa Laurenco an Associate Analyst at Control Risks.</p>


Control Risks on which industries will aid Africa’s post-COVID-19 recovery

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6190935418001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6190935418001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>With the news of the possible move to level 1 lock-down in South Africa, tourism bodies have been lobbying to reopen international borders for travel. The travel restrictions have had a dire impact on Africa’s airline industry and they are ready to go back to work according to Air France-KLM, joining CNBC Africa for more is Wouter Vermeulen, General Manager for Southern Africa at Air France-KLM.</p>


Air France-KLM on the reopening of SA’s travel industry under level 1 lock-down

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6190638028001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6190638028001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>In line, with the conditions of the current economic environment, Bidvest has reported a drop in earnings.</p>


Bidvest reports 22.5% drop in earnings

Bidvest reports 22.5% drop in earnings, withholds dividend

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6190607262001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6190607262001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>The COVID-19 crisis has accelerated the use of technologies and digital transformation in businesses. According to research conducted by Vodafone, 71 per cent of firms have made at least one new technology investment in direct response to the pandemic. Joining CNBC Africa to unpack more on the adoption of digital technology is William Mzimba, Chief Officer for Vodacom Business.</p>


How COVID-19 has fast tracked the use of technologies & digital transformation in businesses

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6190606039001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6190606039001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>Mozambique’s headline inflation remained unchanged at 2.8 per cent year on year in August and S&#038;P Global Ratings downgraded Ghana’s long-term foreign and local currency sovereign ratings from B to B- as  the COVID-19 pandemic will exacerbate the country’s fiscal challenges, with government debt increasing to over 70 per cent of GDP in 2020. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.</p>


S&P downgrades Ghana’s foreign & local currency to B-

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6189520083001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script><br />
<amp-brightcove data-account="1571595826001" data-video-id="6189520083001" data-player-id="default" layout="responsive" width="16" height="9"><br />
</amp-brightcove></p>
<p>George Bizos passed away among his family yesterday afternoon, in the small house that he built himself, along with his famous vegetable garden at the back. He was 62. He trained as a lawyer where he befriended fellow pupil Nelson Mandela. A few years later Bizos was defending Mandela in court against charges of treason and sabotage. Bizos defended Mandela in the so called Rivonia trial of 1963 and 1964 that saw South Africa&#8217;s future president face the death penalty. Liliesleaf Trust CEO, Nicholas Wolpe joins CNBC Africa for more.</p>


Remembering George Bizos: A pillar of SA’s democracy



<p><amp-brightcove data-account="1571595826001" data-video-id="6189431774001" data-player-id="default" layout="responsive" width="16" height="9"><br>
    </amp-brightcove></p>
<p>Aspen has reported an annual revenue increase of 9 per cent to R38.6 billion boosted by growth from Commercial Pharmaceuticals and 22 per cent increase from its Manufacturing sector. The group has not declared an annual dividend amid the volatile market conditions, but it continues to ramp up production of its COVID-19 treatment drug dexamethasone. Aspen CEO, Stephen Saad joins CNBC Africa for more.</p>

Aspen FY revenue up 9% to R38.6bn

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6189424172001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Sanlam reported a net operational earnings decrease of 39 per cent and net result from financial services decline of 22 per cent due to the downturn in equity markets in its largest markets.</p>


Sanlam CEO on H1 results & how COVID-19 has impacted the business

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6189422628001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>George Bizos passed away among his family yesterday afternoon in the small house that he built himself along with his famous vegetable garden at the back. He was 92. Bizos came to South Africa, with his father, at the age of 13 as a war refugee from German-occupied Greece. He trained as a lawyer where he befriended fellow pupil Nelson Mandela. A few years later Bizos was defending Mandela in court against charges of treason and sabotage. Bizos recalled Mandela in so called Rivonia trial of 1963 and 1964 that saw South Africa&#8217;s future president face the death penalty.</p>


Human rights lawyer George Bizos dies at 92

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6189166064001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>In what has become a common occurrence in the current economic environment, Momentum has decided to hold on to its final dividend. This is at the insurance group’s headline earnings declined by 58 per cent. Additional provisions for COVID-19 and investment market losses were a major hurdle. Momentum CEO, Hillie Meyer joins CNBC Africa for more.</p>


Momentum reports 58% decline in headline earnings

Momentum reports 58% decline in headline earnings, withholds final dividend

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6189160896001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Growthpoint’s headline earnings have sunk by 49.4 per cent, as COVID-19 leaves havoc on its trail. All three of the company’s domestic businesses were impacted by the wreckage. South Africa’s largest property group has deferred a decision on a final dividend to later this year. Growthpoint CEO, Norbert Sasse joins CNBC Africa for more.</p>


Growthpoint withholds final dividend due to COVID-19 uncertainties

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6189153486001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Luno, South Africa’s largest cryptocurrency exchange has gone global. The company has been acquired by Digital Currency Group, a US based blockchain investor. Luno began in South Africa in 2013, and now has five million customers in over 40 countries. Marcus Swanepoel, Co-Founder and CEO of Luno joins CNBC Africa for more.</p>


Luno acquired by Digital Currency Group in the U.S

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6189146303001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The RMB Business Confidence Index rebounded to 24 points in the third quarter. This is after falling from an all-time low of five in the second quarter. Of the five sectors making up the Index, the rebound in wholesale confidence was the largest. And this was due to a strong agricultural sector and international trade picking up. Ettienne Le Roux, Chief Economist at Rand Merchant Bank joins CNBC Africa for more.</p>


South Africa

Super Group’s Peter Mountford weighs COVID-19 impact, plans to revive Dealerships SA

Nutritional Holdings reports strong growth in tough market

How COVID-19 has impacted ARC’s investment portfolio

Harmony Gold reports 9% increase in FY revenue

Control Risks on which industries will aid Africa’s post-COVID-19 recovery

Air France-KLM on the reopening of SA’s travel industry under level 1 lock-down

Bidvest reports 22.5% drop in earnings, withholds dividend

How COVID-19 has fast tracked the use of technologies & digital transformation in businesses

S&P downgrades Ghana’s foreign & local currency to B-

Remembering George Bizos: A pillar of SA’s democracy

Aspen FY revenue up 9% to R38.6bn

Sanlam CEO on H1 results & how COVID-19 has impacted the business

Human rights lawyer George Bizos dies at 92

Momentum reports 58% decline in headline earnings, withholds final dividend

Growthpoint withholds final dividend due to COVID-19 uncertainties

Luno acquired by Digital Currency Group in the U.S

SA business confidence rebounds in Q3 driven by strong agriculture performance

News Tips

Advertise With Us

South Africa

Super Group’s Peter Mountford weighs COVID-19 impact, plans to revive Dealerships SA

Nutritional Holdings reports strong growth in tough market

How COVID-19 has impacted ARC’s investment portfolio

Harmony Gold reports 9% increase in FY revenue

Control Risks on which industries will aid Africa’s post-COVID-19 recovery

Air France-KLM on the reopening of SA’s travel industry under level 1 lock-down

Bidvest reports 22.5% drop in earnings, withholds dividend

How COVID-19 has fast tracked the use of technologies & digital transformation in businesses

S&P downgrades Ghana’s foreign & local currency to B-

Remembering George Bizos: A pillar of SA’s democracy

Aspen FY revenue up 9% to R38.6bn

Sanlam CEO on H1 results & how COVID-19 has impacted the business

Human rights lawyer George Bizos dies at 92

Momentum reports 58% decline in headline earnings, withholds final dividend

Growthpoint withholds final dividend due to COVID-19 uncertainties

Luno acquired by Digital Currency Group in the U.S

SA business confidence rebounds in Q3 driven by strong agriculture performance

News Tips

Advertise With Us

Newsletters