<p><iframe loading="lazy" src="https://www.youtube.com/embed/EIiERJG5oaA" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>30 years into South Africa&#8217;s democracy and with national elections in 2024, CNBC Africa&#8217;s Godfrey Mutizwa discusses key issues affecting South Africa&#8217;s current economy conditions and which areas South Africa&#8217;s leaders should prioritize to tackle unemployment and poverty.</p>


The future of South Africa: 30 years of democracy and beyond

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<p>Media has an outsized role to play in tackling climate change. Consequently, industry leaders are tasked with the all-important role of providing both accurate and engaging information to ensure media platforms are constructively enhancing the policy dialogue and countering the phenomenon of misinformation.</p>


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Cop28: The Role of Media in Climate Change

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<p>Coverage of the 3rd International Conference on Public Health in Africa (CPHIA 2023) held in Zambia. The theme for the Conference is Breaking Barriers: Repositioning Africa in the Global Health Architecture.</p>


Focus On Partnerships for saving lives and livelihoods

<p><iframe loading="lazy" src="https://www.youtube.com/embed/jxRozkzTiZo" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Welcome to another edition of CNBC Africa&#8217;s all-new AI dedicated segment that keeps its finger on the pulse of continent-wide news that matters. Every week, we&#8217;ll dive into the latest headlines and speak to market innovators about all thing&#8217;s tech-driven across Africa.  This week we speak to Charity Wayua, Director at IBM Research Africa on COP 28 and how artificial intelligence can lead the charge in addressing climate change.</p>


AI Africa: AI’s role in supercharging Cop28

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<p>Coverage of the 3rd International Conference on Public Health in Africa (CPHIA 2023) held in Zambia. The theme for the Conference is Breaking Barriers: Repositioning Africa in the Global Health Architecture.</p>


Focus On: Africa’s healthcare and future response

<p><iframe loading="lazy" src="https://www.youtube.com/embed/wKVtfsVwo68" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>South Africa&#8217;s richest province presented its Medium-Term Budget policy statement and adjusted budget for 2023. In this Focus On special we speak to key voices from different Gauteng departments about their newly allocated budget and what the plan is to use this adequately.</p>


Focus On Gauteng’s 2023 Medium-Term Budget Policy Statement

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<p>Joining CNBC Africa to discuss what Cop28 could mean for Africa is Catherine Koffman, Group Executive for Project Preparation at Development Bank of Southern Africa and Rich Nuzum, Chief Investment Strategist at Mercer.</p>


The Power Table: Cop28 Expectations

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<p>We assess Africa&#8217;s energy future and what needs to be done in order for more Africans to gain access to sustainable energy and the need for productive uses of energy. The goal of universal access to modern energy calls for investment of $25 billion per year, and as Africa’s industry, commerce and agriculture expand, so does the need for productive uses of energy. Joining CNBC Africa&#8217;s Zanele Morrison to discuss Africa&#8217;s developing energy sector is Nadja Haakansson, Senior Vice President for Africa at Siemens Energy.</p>


Focus On Africa’s developing energy sector

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<p>The Gauteng’s 2023 Medium-Term Budget Policy Statement and the Adjustment Budget presented at the Gauteng Provincial Legislature, will outline Gauteng’s priorities and how public funds will be used to strengthen the economic growth, create jobs, and boost the fiscus over the medium term.</p>


MEC Mamabolo delivers Gauteng’s medium term budget policy (full speech)

<p><iframe loading="lazy" src="https://www.youtube.com/embed/WYKu1ogZUJI" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Welcome to another edition of CNBC Africa&#8217;s all-new AI dedicated segment that keeps its finger on the pulse of continent-wide news that matters. Every week, we dive into the latest headlines and speak to market innovators about all thing&#8217;s tech-driven across Africa. This week&#8217;s segment explores upskilling Africa&#8217;s tech talent. We speak to Stefan Lauber, Managing Director, i-Fundi and Max Cuvellier Giacomelli, Head of Mobile for Development at the GSMA.</p>


AI Africa: Upskilling Africa’s tech talent

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<p>As South Africa&#8217;s economic hub, Gauteng cannot ignore the impact felt from climate change and its major contribution to carbon emissions. The Climate Change Summit showcases how Gauteng is taking necessary action to improve the effects of climate change, and demonstrates innovative businesses that are mitigating greenhouse gas emissions.</p>


Focus On Gauteng Climate Change Summit: Decarbonizing Gauteng

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<p>In its final meeting of the year, the South African Reserve Bank’s Monetary Policy Committee voted unanimously decided to keep the repo rate unchanged at 8.25 per cent. Reserve Bank Governor, Lesetja Kganyago explains the rationale behind the committee&#8217;s decision.</p>


Kganyago keeps repo rate unchanged at 8.25% (full speech)

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<p>Electric vehicles, autonomous driving and sustainability. These are some of the trends moving the automotive industry worldwide. Joining CNBC Africa to map out how these trends navigating Africa’s car market are Ndia Magadagela, CEO, MAXUS Electric Vehicles; Amith Singh, National Manager: Manufacturing, Nedbank and Adrian Hammond, Mining Equities Analyst, Standard Bank.</p>


The Power Table: The future of EVs

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<p>Trade in Africa has grown modestly in recent decades, expanding from 49 per cent of GDP in 2000 to 53 per cent by 2019, according to the International Monetary Fund’s 2023 report on Trade Integration in Africa. This Focus On episode gives an overview of African trade and some of its unique challenges as we scope the CIIE, AGOA, and the IATF &#8211; three trade forums that all occurred in November.</p>


Focus On: Exploring trade integration in Africa


<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" src="https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-820x615.jpg" alt="" class="wp-image-418585" width="736" height="552" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-820x615.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-300x225.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-120x90.jpg 120w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-768x576.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-1536x1152.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-scaled.jpg 2048w" sizes="(max-width: 736px) 100vw, 736px" /></figure>



<p>49% of South Africans are deemed financially illiterate and approximately only 5% of South Africans will be able to retire comfortably. These facts are beyond frightening considering just how big of an impact personal finances play in shaping an individual and a countries future.</p>



<p>“I believe financial literacy needs to urgently be introduced into the high school syllabus” says PocketFin founder and Entrepreneur Pierre Van der Merwe.</p>



<p>In a rapid moving world currently fuelled by dramatic developments in technology and access to information, it has now become easier than ever to self educate oneself in an array of important topics and skills. Unfortunately however many only start to understand personal finance and topics such as debt management and investing in their late 20’s or 30’s, often once numerous financial mistakes have already been made which could shape just how well or poor one’s financial health is determined all the way in to retirement. </p>



<p>”I have met with and proposed to the Department of Education that we urgently roll-out a financial literacy program both digital and print to learners age 16-18 as I believe the impact it could have on our youth can be monumental as they enter adulthood, this will ripple effect all the way into future generations” says Van der Merwe. </p>



<p>South Africa has approximately 26 000 schools with 6000 of them being high schools educating an approximate 13 million learners. The Department of Basic Education have been allocated a budget of R29.6 billion for 2022.  </p>



<p>In a strenuous time socially, financially and economically worldwide post the Covid 19 pandemic, especially emerging countries such as South Africa face rising inflation and interest rates, staggering unemployment especially amongst the youth and high levels of debt. This furthermore impacts the number of entrepreneurs and small business in South Africa and proves that action needs to be taken to improve opportunities and education which can ultimately lead to an increase in GDP, amongst other important figures for South Africa.</p>



<p>“Until something can be done to up skill our youth and sensitise high school learners to the topic of personal finance, I strongly encourage South Africans to spend just five minutes a day to learn about financial literacy” says Van der Merwe, who is on a personal mission to teach the youth about even the most simple of topics such as opening and managing a bank account, understanding debt and student loans and saving and investing. </p>



<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-820x320.jpg" alt="PocketFin - Financial School of Real Life" class="wp-image-396243" width="539" height="210" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-820x320.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-300x117.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-768x300.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-1536x599.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x.jpg 1640w" sizes="(max-width: 539px) 100vw, 539px" /><figcaption><a href="https://pocketfin.co.za/" target="_blank" rel="noreferrer noopener">https://pocketfin.co.za/</a></figcaption></figure>



<p></p>


pexels-unique-digitals-10614240

Why Financial Literacy needs to start at a grass roots level


<p>PRETORIA, May 31 (Reuters) – South Africa’s unemployment rate fell to 34.5% in the first quarter of 2022 from 35.3% in the final quarter of last year, statistics agency data showed on Tuesday.</p>



<p>Statistics South Africa said the number of unemployed totalled 7.862 million people in the three months to end-March, compared with 7.921 million people in the previous three months.</p>



<p>According to an expanded definition of unemployment that includes those discouraged from seeking work, 45.5% of the labour force was without work in the first quarter, from 46.2% in the prior quarter.</p>



<p>South Africa’s economy rebounded quicker than expected from the COVID-19 pandemic last year, but growth in 2022 is expected to slow to a meagre 1.7% according to the central bank’s latest forecast.</p>



<p>Analysts say Africa’s most industrialised nation needs higher rates of growth to make a meaningful dent in poverty and unemployment.</p>



<p>In the first quarter, job gains were recorded mainly in the community and social services sector, followed by manufacturing. The trade sector also had job gains.</p>



<p>Despite the dip in the headline unemployment rate, it remained near record highs as other key sectors like finance, construction and agriculture recorded job losses in the quarter. (Reporting by Olivia Kumwenda-Mtambo Editing by Alexander Winning and James Macharia Chege)</p>


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South Africa’s Q1 unemployment rate falls to 34.5%


<p>May 20 (Reuters)&nbsp;&#8211;&nbsp;Ratings agency S&amp;P&nbsp;<a href="https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/2842888" target="_blank" rel="noreferrer noopener">revised</a>&nbsp;South Africa&#8217;s outlook to &#8220;positive&#8221; on Friday, saying it reflects favourable terms of trade and a path toward contained fiscal expenditure for the country.</p>



<p>S&amp;P upgraded its outlook from &#8220;stable&#8221; and affirmed the &#8220;BB-/B&#8221; foreign currency as well as &#8220;BB/B&#8221; local currency ratings on South Africa.</p>



<p>&#8220;Recent favourable terms of trade in South Africa have improved the external and fiscal trajectory, while the country&#8217;s reasonably large net external asset position, flexible currency and deep domestic capital markets provide strong buffers against shifts in external financing,&#8221; S&amp;P said in its report.</p>



<p>S&amp;P said it expects South Africa&#8217;s fiscal deficit to remain elevated, but gradually narrow to 5% of GDP by fiscal 2025.</p>



<p>The economic growth of Africa&#8217;s most industrialised country is expected to slow to 1.7% this year, according to the central bank&#8217;s forecast on Thursday, from a 4.9% expansion last year, as it recovers from a contraction in the wake of the COVID-19 pandemic.&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3AL5N2XB4IH&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">Read full story</a></p>



<p>(Reporting by Ahmed Farhatha in Bengaluru and Olivia Kumwenda-Mtambo in Johannesburg; Editing by Amy Caren Daniel)</p>


South Africa

The future of South Africa: 30 years of democracy and beyond

Cop28: The Role of Media in Climate Change

Focus On Partnerships for saving lives and livelihoods

AI Africa: AI’s role in supercharging Cop28

Focus On: Africa’s healthcare and future response

Focus On Gauteng’s 2023 Medium-Term Budget Policy Statement

The Power Table: Cop28 Expectations

Focus On Africa’s developing energy sector

MEC Mamabolo delivers Gauteng’s medium term budget policy (full speech)

AI Africa: Upskilling Africa’s tech talent

Focus On Gauteng Climate Change Summit: Decarbonizing Gauteng

Kganyago keeps repo rate unchanged at 8.25% (full speech)

The Power Table: The future of EVs

Focus On: Exploring trade integration in Africa

Why Financial Literacy needs to start at a grass roots level

South Africa’s Q1 unemployment rate falls to 34.5%

S&P raises South Africa’s outlook to ‘positive’ on trade terms, fiscal discipline

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South Africa

The future of South Africa: 30 years of democracy and beyond

Cop28: The Role of Media in Climate Change

Focus On Partnerships for saving lives and livelihoods

AI Africa: AI’s role in supercharging Cop28

Focus On: Africa’s healthcare and future response

Focus On Gauteng’s 2023 Medium-Term Budget Policy Statement

The Power Table: Cop28 Expectations

Focus On Africa’s developing energy sector

MEC Mamabolo delivers Gauteng’s medium term budget policy (full speech)

AI Africa: Upskilling Africa’s tech talent

Focus On Gauteng Climate Change Summit: Decarbonizing Gauteng

Kganyago keeps repo rate unchanged at 8.25% (full speech)

The Power Table: The future of EVs

Focus On: Exploring trade integration in Africa

Why Financial Literacy needs to start at a grass roots level

South Africa’s Q1 unemployment rate falls to 34.5%

S&P raises South Africa’s outlook to ‘positive’ on trade terms, fiscal discipline

News Tips

Advertise With Us

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