SA has flattened Covid-19 curve - NDZ; tobacco, booze ban costs R14bn in tax - SARS; Dudu Myeni declared delinquent

Loading player...
In today's news headlines:
* As of Thursday, more than 25,500 people had tested positive for Covid-19 and more than 550 people had died of the disease. Dr Nkosazana Dlamini Zuma, Minister of Cooperative Governance and Traditional Affairs, said SA has managed to flatten the Covid-19 curve, but restrictions will remain in place until it has been sustained;
* Former president Jacob Zuma’s close friend Dudu Myeni was declared a delinquent director for life this week in a court case that should arm the National Prosecuting Authority to pursue a criminal conviction, says OUTA;
* Gauteng residents are being urged to limit water use. For the first time in a year, the Vaal Dam has dipped below the 50% mark;
* South Africa has lost between R14bn and R15bn in taxes in the past two months because of the ban on alcohol and cigarette sales during the lockdown, says the South African Revenue Service; and
* The Public Investment Corporation has appointed Abel Sithole as its chief executive officer, filling a post vacated 18 months ago by his predecessor over accusations of questionable investment decisions, says Bloomberg. Learn more about your ad choices. Visit megaphone.fm/adchoices
28 May 2020 12PM 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