We have to declare a state of emergency - Melanie Veness of PMCB

Loading player...
The chaos continues in KwaZulu-Natal. Now, major food shortages are expected to affect the entire country as grocery stores are looted, petrol dries up, and highways are barred. Melanie Veness, chief executive of the Pietermaritzburg Chamber of Business, paints a grim picture of what's happening on the ground. She believes that only by declaring a state of emergency can we hope to gain control of a dire situation. "People are saying, is the army so well camouflaged here that we can't see them? To deploy 2,500 people to the hot spots in South Africa to try and quell this is just ludicrous. We need a show of force on the ground that is going to ensure that we can get our economy back on track." Learn more about your ad choices. Visit megaphone.fm/adchoices
14 Jul 2021 9AM 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