Flash Briefing: Interpol issues red notices for Gupta brothers; alcohol ban hits AB InBev; Zuma

Loading player...
News headlines with Alec Hogg, Justin Rowe-Roberts and Nadya Swart:
*South Africa’s National Prosecuting Authority said Interpol issued red notices for two Gupta brothers wanted in connection with alleged corruption.
*The latest alcohol ban in South Africa is piling on the pressure for AB InBev, which has long been struggling to recover from the massive acquisition of SA Breweries in 2016.
*Former president Jacob Zuma failed to turn himself in to serve his 15 months sentence and has brought a case in the KwaZulu-Natal division of the High Court to have the Constitutional Court’s decision rescinded that will be heard on Tuesday.
*Naspers and Prosus share prices dropped sharply. This follows Beijing’s crackdown on tech platforms. Learn more about your ad choices. Visit megaphone.fm/adchoices
5 Jul 2021 12PM 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