Flash Briefing: Nearly 50% of businesses rejected for R200bn relief; Moderna shot for SA; airline price war; Zuma

Loading player...
* The Banking Association of South Africa said in a statement on Wednesday that, at the current rate, only R18.9 billion rand - or about 10% - of the R200bn available to help businesses recover from Covid-19 will be allocated.
* Moderna has offered to supply its coronavirus vaccine to South Africa, in what would be its first deal to sell shots to an African nation, says Bloomberg.
* Airlines have slashed flight prices on the back of low demand in South Africa.
* A South African judicial panel said it will lay a criminal complaint against former President Jacob Zuma over his failure to appear before an inquiry into state corruption during his rule.
* The big story on US stock markets was move by Jeff Bezos from chief executive of Amazon. to executive chairman.
* Distell was among the top performers on the JSE on the back of good revenue outside SA. Learn more about your ad choices. Visit megaphone.fm/adchoices
3 Feb 2021 11AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak Thurs 15 Jan: Abedian on SA Silence about “21st Century Nazis”; Mining Indaba's back story; Sasol Surges

In this morning's briefing, Alec Hogg unpacks a volatile geopolitical landscape where conflicting reports emerge from Iran—Donald Trump claims de-escalation while internal memos suggest mass casualties. We speak to Iranian-born and bred entrepreneur and former UCT Economics Prof Iraj Abedian, who delivers a scathing critique of the South African government's…
14 Jan 11PM 17 min

BN Briefing: Leaked Iran death toll, US-SA relations, and Equities vs Gold

In this BizNews Briefing, Dr. Iraj Abedian reveals leaked reports of 12,000 deaths in Iran, questioning the South African government’s silence. The Hudson Institute's Josh Meservey analyses Pretoria’s alignment with American adversaries. Plus, David Shapiro discusses the "survival mode" of South African business, and Peter Major explains why equities historically…
14 Jan 5AM 13 min