Flash Briefing: Is SA closer to bringing in Guptas? UAE extradition deal; green light for municipal elections; Zimbabwe

Loading player...
* South Africa is a step closer to holding the powerful Gupta family to account for corruption and state capture, with the United Arab Emirates confirming it has ratified an extradition treaty with South Africa.
* South Africa will hold municipal elections in October as planned, and will institute measures to mitigate against the risk of the coronavirus spreading during the voting process, the chairman of the nation’s Independent Electoral Commission said.
* Zimbabweans living abroad almost doubled the amount of money they sent home this year, bolstering the economy, Central Bank Governor John Mangudya said.
* Some banks, awash in deposits, are encouraging corporate clients to spend the cash on their businesses or move it elsewhere, reports BizNews partner The Wall Street Journal. Learn more about your ad choices. Visit megaphone.fm/adchoices
9 Jun 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