Flash Briefing: Explosive Covid report: Wuhan virologists hospitalised in Nov 2019; Netcare; Telkom; Rand; Guptas

Loading player...
* South Africa’s government spent R49 billion on contracts linked to the Gupta family.
* South Africa’s biggest healthcare service provider Netcare on Monday reported a 62% drop in profit for the six months to March 31.
* Telkom, the country’s third largest mobile operator, promised to revise its plans to suspend its dividend after t reported a jump in annual profit on Monday.
* Three researchers from China’s Wuhan Institute of Virology became sick enough in November 2019 that they sought hospital care, according to a previously undisclosed U.S. intelligence report. Learn more about your ad choices. Visit megaphone.fm/adchoices
24 May 2021 11AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
29 Jun 12AM 15 min

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