CR starts Covid-19 graft crackdown in own office; more Eskom power cuts; Steinhoff; Rand

Loading player...
In today's news headlines:
* President Cyril Ramaphosa has promised to take a hands-on approach to Covid-19 corruption - and it appears that he is starting in his own office.
* World Bank researchers estimate that an Africa-wide trade deal will lift 30 million Africans out of extreme poverty and 68 million from moderate poverty by 2035.
* More power cuts loom, with Eskom warning on Monday that it may implement load shedding after six generation units tripped.
* Shareholder rights group European Investors VEB said on Monday it supports Steinhoff’s proposal to pay around $1bn to settle outstanding legal claims following a massive accounting fraud, according to Reuters.
* The rand rallied on Monday. Learn more about your ad choices. Visit megaphone.fm/adchoices
27 Jul 2020 2PM English South Africa Investing · Business News

Other recent episodes

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min

Parliament faces protest over lagging legislation for a provincial referendum

In this interview with Chris Steyn, Heindrich Wyngaard, the executive chairperson of Cape Forum, details plans for a protest outside the National Assembly next month over the long wait for appropriate legislation to enable a provincial referendum . “And we are also planning to be present at that Home Affairs…
23 Jul 9AM 18 min