Flash Briefing: Alcohol ban threatens more jobs, hammers glass industry; booze ban arrests; Sibanye; Truworths

Loading player...
In today's headlines:
* The alcohol ban is hammering South Africa’s glass packaging industry, which could lose a further R1.5bn in sales;
* Acting on tip-offs, police have been cracking down on restaurants serving alcohol in contravention of Covid-19 regulations;
* Global stock markets sank on Monday as soaring Covid-19 cases offset investor hopes of a quick economic recovery;
* Truworths was one of the best performers at the start of the week, gaining about 15% even though it has warned of a profit drop. Learn more about your ad choices. Visit megaphone.fm/adchoices
18 Jan 2021 11AM English South Africa Investing · Business News

Other recent episodes

Jabulani Khumalo - Threats, a R14-m ransom & the battle for MKP….

In his latest interview with Chris Steyn, the real founder of MKP, Jabulani Khumalo, reveals threats to the actual directors of the “hijacked” party over a picket to distance themselves from the human trafficking of 19 men to Russia. “…our spokesperson… got a call…a threatening call…And also, the people on…
11 Jan 6AM 18 min

Magnus Heystek: Why SA’s middle class is quietly being crushed

South Africans are being told everything is fine. Magnus Heystek says it’s a dangerous illusion. In a wide-ranging conversation with Alec Hogg, the veteran investment strategist warns that falling GDP per capita, rising taxes, weak property returns and flawed retirement structures are steadily hollowing out the middle class. From Regulation…
9 Jan 6AM 41 min