Broadcast every Friday on Business Day TV
Africa Business News
Friday 5.30pm and 8.30pm
Monday 8.30am and 12.30pm
A weekly look at some of the key themes that are playing out across the African continent and how they shape investment decisions.
This week, we look into the only Pan African property fund listed on the Johannesburg Stock Exchange, Grit Real estate. The company, now invested in eight countries, has acquired a Senegalese Club Med Resort for 11.6 million euros and is looking at partnering with further Club Med resorts in Africa. We get into more of that growth strategy with Company CEO, Bronwyn Corbett later on the show.
Ghana's mid-year budget review and economic policy has triggered heated debate. This with the country's Finance minister looking for approval for additional spend to finance Crucial initiatives in some sectors of the economy BUT critics say that this could see the budget deficit getting out of hand. Rand Merchant Bank's Africa Analyst, Celeste Fauconnier talks us through the balancing act that needs to be performed.
This week it seems to have been a case of politics impacting investor sentiment - whether we're looking at Nigeria, Zambia or Kenya - we get into the nitty gritty of that and the impact it has had on market movement on those ends with Sven Ritcher from Drakens Capital.