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<p>South Africa’s Auditor General, Tsakani Maluleke released the local government audit outcomes and the picture is rather bleak. R3.47 billion in fruitless and wasteful expenditure. 86 per cent of municipalities reported non-compliance with legislation and some provinces including Kwa Zulu-Natal and the Free State were accused of being disrespectful towards regulation. Joining CNBC Africa for more is Basikopo Makamu, MEC for Co-operative Governance in the Limpopo Province and Bongani Baloyi, National Executive Committee Member at the South African Local Government Association, Salga.</p>


Salga expresses disappointment in local government audits

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<p>Absa Purchasing Managers’ Index is out, and although it recorded a slight dip of 0.4 index points, economists are warning that if the move to adjusted alert level 4 of lockdown is sustained any longer this could stall economic growth. Miyelani Maluleke, Macroeconomist at Absa joins CNBC Africa for more.</p>


SA’s Absa PMI records slight dip in June

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<p>We are already doing almost everything on our phones, from buying online to requesting a lift to wherever you would like to go. But Mastercard believes more work needs to be done to further normalize digital transactions through, financial inclusion. Raghav Prasad, Mastercard Division President for Sub-Saharan Africa joins CNBC Africa for more.</p>


How digitalization can help expand financial inclusion in SSA

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<p>According to the latest Bank of America Fund Managers Survey, managers expect the economy to get stronger and inflation to get slightly hotter. All managers expect the next repo rate move to be a hike. The managers says that signs of South Africa reopening are highlighted in the normalization of the economy. John Morris, South Africa Investment Strategist at Bank of America joins CNBC Africa for more.</p>


Majority of fund managers have positive outlook on SA economy despite slow vaccine rollout – Survey

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<p>The International Finance Corporation – along with other Development Finance Institutions – has extended a joint financing package to South Africa’s Aspen. The 600 million euro package will help Aspen to refinance existing debt and strengthen the company’s balance sheet. This will in turn support Aspen’s operations; including production of vaccines, and other therapies in African and emerging markets. Makhtar Diop, Managing Director of the International Finance Corporation joins CNBC Africa for more.</p>


DFIs extend 600mn euro joint financing package to Aspen

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<p>Is it time to re-imagine South Africa&#8217;s inflation targeting regime? CNBC Africa&#8217;s Godfrey Mutizwa asked Intellidex Head of Research Peter Attard Montalto if it&#8217;s time to shake things up.</p>


Is it time for the SARB to broaden its mandate beyond inflation targeting?

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<p>With the prevalence of social media  to build personal brands and to even sell products, have you ever wondered how South African’s social media patters look? Media monitoring agency, Ornico has compiled a report on South Africa’s social media landscape. Ornico CEO, Oresti Patricios joins CNBC Africa for more.</p>


Social media in SA: Here’s where the big big brands are investing their money

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<p>Joining CNBC Africa for a conversation on what has been moving the markets today, including the Constitutional Court ruling against Jacob Zuma is Makwe Masilela, Chief Investment Officer at Makwe Fund Managers &#038; Johann Els, Chief Economist at Old Mutual Investment Group.</p>


Here’s how markets are reacting to the ConCourt judgement against Zuma

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<p>The Solidarity Fund has been pivotal in the fight against Covid-19 and to-date has collected R3.4 billion in donations. Some R2.3 billion has been disbursed. But how is the fund fairing in this severe third wave.? Solidarity Fund Chairman, Gloria Serobe joins CNBC Africa for more.</p>


How the Solidarity Fund plans to support SA’s vaccination programme

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<p>The South African Constitutional Court has found former President Jacob Zuma guilty of contempt of court and sentenced him to 15 months behind bars. This is for failing to appear before the State Capture Commission of Inquiry. Zuma was given five days to hand himself over to the authorities. Joining CNBC Africa for analysis of this ruling is Political Analyst, Ongama Mtimka.</p>


Zuma judgement reaffirms confidence in judicial system

Zuma judgement reaffirms confidence in judicial system, says Political Analyst Ongama Mtimka

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<p>FNB’s Consumer Confidence Index slipped to minus 13 points in the second quarter of 2021, from a position of minus 9 in the first quarter. This latest figure reflects depressed consumer confidence levels, particularly from low-income households. Mamello Matikinca-Ngwenya, Chief Economist at FNB joins CNBC Africa for more.</p>


SA Consumer Confidence slips in the second quarter

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<p>In line with further lockdown regulations imposed from today, all of Sun International’s properties have been temporarily closed. The hospitality group has also taken a decision to temporarily close its Hotels and Resorts. Joining  CNBC Africa to talk about the implications of the new restrictions is Anthony Leeming, CEO at Sun International.</p>


Sun International CEO remains confident of future despite pandemic disruptions

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<p>Last week we had a conversation with South Africa’s Energy Minister, Gwede Mantashe where he spoke on deregulating the power market, and the country’s transition to cleaner energy.</p>


What the future holds for Eskom as SA moves to liberalize energy market

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<p>South Africa’s move to a more stringent lockdown for the next 14 days will no doubt knock certain industries , in particular the hospitality sector. Joining CNBC Africa for this discussion are Wendy Alberts, CEO of The Restaurant Association of South Africa, Cas Coovadia, CEO of Business Unity SA and Martin Kingston from B4SA.</p>


Business decries lack of consultation as SA tightens COVID-19 measures

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<p>This week we learnt of the Africrypt heist &#8211; where two bothers who are Directors of the Africrypt investment company allegedly made off with bitcoin worth $3.6 billion in client funds. The brothers are believed to have fled to the United Kingdom. Joining CNBC Africa to have a conversation on the latest security developments in cyptoland is Richard Byworth, CEO at EQONEX.</p>


EQONEX CEO calls for regulation of crypto-trading platforms

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<p>Have you ever wondered what mining would look like in the next few years? Well ABB South Africa seems to believe that automation has potential to reduce operating costs and somehow not cause job loses. John Manuell, Local Division Manager for Process Industries at ABB SA joins CNBC Africa for more.</p>


ABB South Africa: Increased automation in mining won’t lead to job losses

ABB South Africa: Increased automation in mining won’t lead to job losses, here’s why

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<p>With the negative impact that Covid-19 has had on the property sector, there is an oversupply of vacant properties. The dynamics in the residential market are driving down rental prices, in what is now a tenant’s market. And according to the TPN Credit Bureau’s latest vacancy survey, Landlords have a more pessimistic perception of the market. Joining CNBC Africa to discuss the findings is Michelle Dickens, CEO at TPN Credit Bureau.</p>


Southern Africa

Salga expresses disappointment in local government audits

SA’s Absa PMI records slight dip in June

How digitalization can help expand financial inclusion in SSA

Majority of fund managers have positive outlook on SA economy despite slow vaccine rollout – Survey

DFIs extend 600mn euro joint financing package to Aspen

Is it time for the SARB to broaden its mandate beyond inflation targeting?

Social media in SA: Here’s where the big big brands are investing their money

Here’s how markets are reacting to the ConCourt judgement against Zuma

How the Solidarity Fund plans to support SA’s vaccination programme

Zuma judgement reaffirms confidence in judicial system, says Political Analyst Ongama Mtimka

SA Consumer Confidence slips in the second quarter

Sun International CEO remains confident of future despite pandemic disruptions

What the future holds for Eskom as SA moves to liberalize energy market

Business decries lack of consultation as SA tightens COVID-19 measures

EQONEX CEO calls for regulation of crypto-trading platforms

ABB South Africa: Increased automation in mining won’t lead to job losses, here’s why

TPN Credit Bureau: How the return-to-office is impacted by slow vaccination

News Tips

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Southern Africa

Salga expresses disappointment in local government audits

SA’s Absa PMI records slight dip in June

How digitalization can help expand financial inclusion in SSA

Majority of fund managers have positive outlook on SA economy despite slow vaccine rollout – Survey

DFIs extend 600mn euro joint financing package to Aspen

Is it time for the SARB to broaden its mandate beyond inflation targeting?

Social media in SA: Here’s where the big big brands are investing their money

Here’s how markets are reacting to the ConCourt judgement against Zuma

How the Solidarity Fund plans to support SA’s vaccination programme

Zuma judgement reaffirms confidence in judicial system, says Political Analyst Ongama Mtimka

SA Consumer Confidence slips in the second quarter

Sun International CEO remains confident of future despite pandemic disruptions

What the future holds for Eskom as SA moves to liberalize energy market

Business decries lack of consultation as SA tightens COVID-19 measures

EQONEX CEO calls for regulation of crypto-trading platforms

ABB South Africa: Increased automation in mining won’t lead to job losses, here’s why

TPN Credit Bureau: How the return-to-office is impacted by slow vaccination

News Tips

Advertise With Us

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