CR takes hands-on approach to Covid-19 corruption: ‘Consequences will be severe’

Loading player...
Fighting corruption was a key theme in President Cyril Ramaphosa’s address to the nation on Thursday. He has committed to taking a hands-on approach to taking action against theft and graft related to Covid-19 funds. and price-gouging. But he has sent many pupils home and announced that the school year will be extended, as South Africa rises up the ranking of countries with the highest Covid-19 infection rates. He did not lift the ban on alcohol and cigarette sales. President Ramaphosa said the government had made some mistakes but that it had “mobilised the whole of society” to fight the threat from Covid-19. He called on all South Africans to remain “strong, disciplined, focused and safe”. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Jul 2020 2PM English South Africa Investing · Business News

Other recent episodes

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

The BizNews Edge: Nedbank, Grindrod and the coal stock no one was watching

Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800%…
24 Jun 8AM 26 min