Flash Briefing: Mantashe denies corruption; Mkhize considers resigning; Facebook; NHI

Loading player...
In today's headlines:
*Mantashe denies that he was involved in the evaluation of the bids for emergency power, the lion’s share of which went to Karpowership.
*The European Union and the U.K. opened formal antitrust investigations into Facebook Inc.’s classified-ads service Marketplace, ramping up regulatory scrutiny for the company in Europe.
*South African Health Minister Zweli Mkhize is considering resigning over an investigation into a tendering scandal, two people familiar with the matter told Bloomberg.
*The South African Medical Association (SAMA) has warned that thousands of doctors will leave the country ahead of the planned introduction of the National Health Insurance (NHI). Learn more about your ad choices. Visit megaphone.fm/adchoices
6 Jun 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