Covid-19 jumps in Gauteng; FSCA to act against insurers in business interruption scandal; JP Markets

Loading player...
In today's news headlines:
* Gauteng, the richest province in South Africa, has become the centre of the country’s coronavirus outbreak;
* South Africa’s manufacturing output fell 49.4% year on year in April during a nationwide lockdown, says Reuters;
* The Financial Sector Conduct Authority (FSCA) has filed an urgent application with the High Court to liquidate JP Markets for trading in over-the-counter derivatives without a licence; and
* The FSCA has slammed insurers that have refused to pay out business interruption claims and says it will take action. Learn more about your ad choices. Visit megaphone.fm/adchoices
9 Jul 2020 12PM 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