Flash Briefing: Eskom employees earn R740k, want much more; corrupt ANC cadres must be jailed - investors; Rand; crypto

Loading player...
* Investors in South African assets need a lot more convincing that the government crackdown on corruption will prove effective.
* Lebanon has acted against a Turkish company that operates floating electricity plants and is linked to a South African state energy programme that has been put on hold in connection with corruption allegations.
* The average salary at Eskom is R737,000 – but workers want 15% more, reports MyBroadband.co.za.
* The Financial Sector Conduct Authority has withdrawn a cautionary notice warning that cryptocurrency business Ovex is not authorised to operate.
* The Dogecoin frenzy is reaching fever pitch as Elon Musk prepares to host Saturday Night Live with speculation he’s poised to talk up his beloved token. Coinbase Global, the largest U.S. digital-asset exchange, plunged to a record low this week partly because it doesn’t offer enough speculative coins like Dogecoin.
* South Africa is on track to receive enough Covid-19 vaccines to cover about two-thirds of the population by the end of the year, says President Cyril Ramaphosa Learn more about your ad choices. Visit megaphone.fm/adchoices
7 May 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