CR starts Covid-19 graft crackdown in own office; more Eskom power cuts; Steinhoff; Rand

Loading player...
In today's news headlines:
* President Cyril Ramaphosa has promised to take a hands-on approach to Covid-19 corruption - and it appears that he is starting in his own office.
* World Bank researchers estimate that an Africa-wide trade deal will lift 30 million Africans out of extreme poverty and 68 million from moderate poverty by 2035.
* More power cuts loom, with Eskom warning on Monday that it may implement load shedding after six generation units tripped.
* Shareholder rights group European Investors VEB said on Monday it supports Steinhoff’s proposal to pay around $1bn to settle outstanding legal claims following a massive accounting fraud, according to Reuters.
* The rand rallied on Monday. Learn more about your ad choices. Visit megaphone.fm/adchoices
27 Jul 2020 2PM English South Africa Investing · Business News

Other recent episodes

BN Daybreak Fri 16 Jan: Trump’s Nobel “Medal”; Farmers boo Steenhuisen; ASML jumps

In this episode of BizNews Daybreak, Alec Hogg covers the intersection of high-stakes global politics and critical local challenges: Trump’s Nobel Moment: Venezuelan opposition leader Maria Corina Machado presents her Nobel Peace Prize medal to Donald Trump at the White House, calling him the “heir to Washington”. US-Taiwan Trade Deal:…
15 Jan 11PM 18 min

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