"If we don't seize this opportunity to fix what's wrong, we'll become a banana republic." - OUTA CEO

Loading player...
Following days of rioting and looting in South Africa, reports of South Africans pulling together in communities are becoming common. Joining BizNews to discuss this phenomenon is Wayne Duvenage, the CEO of OUTA (Organisation Undoing Tax Abuse). He comments on the camaraderie seen in afflicted areas, noting that this assistance "is in so many South Africans, coming to the fore in times of disaster and need." Duvenage also notes that now is the time for South Africa to ask why this happened. "If we can take from this, the journey forward to fix what is fundamentally wrong, I think there's going to be a good road ahead." Learn more about your ad choices. Visit megaphone.fm/adchoices
15 Jul 2021 7AM 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