Crowd1 is illegal - FSCA; mines caught up in Covid-19 red tape; new Wits VC Vilakazi; hospitality insurance battle

Loading player...
In today's news headlines:
* Mining companies may take until August to get all their employees back at work, reports Bloomberg;
* The University of the Witwatersrand has appointed Professor Zeblon Vilakazi as its fifteenth Vice-Chancellor and Principal;
* The Financial Sector Conduct Authority (FSCA) has warned that the suspected pyramid scheme Crowd1 is not authorised to do business; and
* South African insurance companies are playing nasty legal games to avoid paying many hospitality businesses that took out business interruption insurance. Learn more about your ad choices. Visit megaphone.fm/adchoices
25 Jun 2020 1PM 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