We were betrayed and deserted by security forces and politicians - Melanie Veness

Loading player...
It was during the height of the chaos in KwaZulu-Natal that BizNews last spoke with Melanie Veness, head of the Pietermaritzburg Business Chamber. Frightening for those affected, it now seems as if the worst might be behind for the city and other areas. But what about the cost? Veness told BizNews founder Alec Hogg that so far, the estimated cost to KZN alone is about R20 billion. "Some [business owners] have said they will start up again. Others have said, as soon as they get their payout, they're taking their money and leaving." Learn more about your ad choices. Visit megaphone.fm/adchoices
26 Jul 2021 10AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min