Banking News South Africa

CNBC Africa donates airtime for advertising fighting xenophobia

CNBC Africa has taken an official stand against xenophobia by donating R250 000 worth of commercial airtime to companies and organisations wishing to place advertising fighting xenophobia or promoting peaceful co-existence in Africa and South Africa.

Speaking at the celebration of the business news channel's first year anniversary, Gary Alfonso, COO of CNBC Africa, said the channel's management and all staff in all regions universally condemn any acts of xenophobia or violence against foreigners living in or visiting South Africa.

Alfonso emphasised that CNBC Africa hoped companies would take up the offer and would respond generously and help combat xenophobia and its debilitating effects. CNBC Africa also challenged other broadcast media companies to do the same.

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