SA to ease restrictions on restaurants, other businesses, sports; Aspen Covid-19 drug; Tongaat Hulett

Loading player...
In today's news headlines:
* Although Covid-19 cases are rising sharply, South Africa is set to lift some lockdown restrictions soon to ease the economic burden and curb job losses. This was the announcement by President Cyril Ramaphosa on Wednesday night in his address to the nation;
* Dexamethasone, manufactured in SA and Germany under a global licence by Johannesburg-listed Aspen, has been hailed as a major breakthrough in the global battle to reduce the number of deaths from Covid-19;
* National Director of Public Prosecutions Advocate Shamila Batohi says the tide against corruption is turning. This follows the arrests of in connection with the looting of R2bn worth of pensioners funds at VBS Mutual Bank; and
* Troubled sugar producer Tongaat Hulett said on Wednesday it would sell a sugarcane farm in eSwatini to the country’s public pension fund for R375m. Learn more about your ad choices. Visit megaphone.fm/adchoices
17 Jun 2020 3PM 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