Flash Briefing: Ivermectin gets thumbs up for big UK Covid study; Guptas paid Zuma arms deal legal fees; inflation rises

Loading player...
* A large UK study at the University of Oxford is to investigate the use of Ivermectin, as a possible treatment for Covid-19.
* At least two South African labour unions have vowed to support workers who are threatened with dismissal if they refuse to be vaccinated.
* Auditor-General Tsakani Maluleke has painted a bleak picture of the state of the country’s municipal finances, telling Parliament how municipalities had racked up R26 billion in irregular expenditure, reports Eyewitness News (EWN).
* In a bombshell day of testimony at the Zondo Commission, it was revealed that money from the Gupta enterprise paid Jacob Zuma’s Arms Deal legal fees – even while the state was ostensibly footing the legal bill, reports Daily Maverick.
* South Africa’s headline consumer price inflation rose to 5.2% year on year in May from 4.4% in April, according to data from Statistics South Africa. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Jun 2021 8AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min