It's back to school as 2,000 people recover from Covid-19; SA tax collection nightmare; Govt to rescue Land Bank

Loading player...
In today's news headlines:
* The Health Minister Dr Zweli Mkhize announces that 2,000 people have recovered from the Covid-19 virus and about 90 people of the 2,800 people have died. And the Education department has unveiled the details of the phased return of pupils to schools from next week;
* The Covid-19 pandemic has derailed the implementation of an Africa-wide free-trade agreement from July 1;
* Covid-19 will wipe more than 30% off tax collections. That, and financing some of the stimulus package, will increase the shortfall on the national budget and increase borrowing requirements, says Minister of Finance Tito Mboweni; and
* Finance Minister Tito Mboweni said the government would “do whatever it takes” to ensure the survival of the the government’s Land & Agricultural Development Bank, the biggest lender to South African farmers, as it struggles to meet it debts. Learn more about your ad choices. Visit megaphone.fm/adchoices
29 Apr 2020 1PM English South Africa Investing · Business News

Other recent episodes

BN Edge | Piet le Roux: ICASA, Starlink and the true cost of BEE

To sell internet access in South Africa, you first have to show ICASA the race of your shareholders. Sakeliga has now taken the regulator to the Pretoria High Court, but, oddly, not to scrap the 30% black-ownership rule. Chief executive Piet le Roux told Alec Hogg why he chose the…
13 Nov 6AM 28 min