Covid-19 deaths up in WC, KZN; SA economy could shrink by 16%, take 7m jobs - Treasury; SA plans new SAA

Loading player...
In today's news headlines:
* As South Africa’s lockdown restrictions were eased slightly at the weekend, many were out enjoying early morning exercise. But public health officials have urged vigilance on social distancing. At least 123 people had died of Covid-19 in South Africa by Saturday, with the highest number of deaths reported in the Western Cape;
* A drug used to fight the ebola virus has received emergency approval to treat Covid-19 patients in the US. Gilead Science's antiviral drug remdesivir reduces recovery time in hospital, according to an early study;
* South Africa’s Covid-19 containment measures could lead to 7m job losses by the end of this year and the economy could contract by more than 16% in 2020, Treasury estimates showed; and
* South Africa is seeking to create a new thriving national airline out of the ashes of SAA, which is technically insolvent and on the brink of being placed into liquidation. An ideal replacement for South African Airways would have both public and private owners, maintain the country’s trade connections and make a profit, the Department of Public Enterprises said in a statement. Learn more about your ad choices. Visit megaphone.fm/adchoices
3 May 2020 8AM English South Africa Investing · Business News

Other recent episodes

How solidarity plans to force out BEE by 2030: Connie Mulder | The NdB Sunday Show

In this edition of the NdB Sunday Show with Chris Steyn, Connie Mulder, the head of Solidarity's Research Institute (SRI) shares its comprehensive roadmap to gradually transition South Africa from race-based legislation to real empowerment, based on need, economic growth and job creation by 2030. It includes practical suggestions on…
17 May 7AM 30 min

How Egoli Youth Empowerment turned squash into a pathway to opportunity for Joburg's youth

Egoli Youth Empowerment started with squash courts in Soweto and grew into a holistic youth development programme spanning sport, academic support, life skills, leadership, entrepreneurship and urban farming. Director Glenn Lazarus and Programme Director Sharon Sibanda tell BizNews how EYE is creating safe spaces, developing young talent, and helping vulnerable…
15 May 9AM 19 min