Covid-19 SA cases rise, world hits 10m; NDZ wins tobacco ban court case; Zimbabwe cash crisis

Loading player...
In today's headlines:
* More than 10m people around the world are confirmed as having contracted Covid-19 - and more than 500,000 people have died of the new coronavirus;
* Dean of the Faculty of Health Sciences at the University of the Witwatersrand, Prof Martin Veller told BizNews that although the numbers are low the country is experiencing a sharp rise in cases;
* In a blow for Steinhoff shareholders, a judge dismissed a class action suit against the retailer, but says Steinhoff can go after Steinhoff directors and the auditors, Deloitte, who should have rung the alarm bells to put a stop to deals;
* The South African government has won a legal battle challenging a ban on tobacco sales in the country that was imposed in late March as part of lockdown rules, meaning stores won’t be able to sell cigarettes until further notice; and
* The Zimbabwean government has blocked bank accounts as the economic crisis deepens. Learn more about your ad choices. Visit megaphone.fm/adchoices
28 Jun 2020 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