Cigarette ban 'spectacular failure'; extra cash for every EC job saved; grounded SAA guzzles R10bn; SA on UK rich list

Loading player...
In today's news headlines:
* The cigarette ban a ‘spectacular failure’, with nine out of 10 smokers breaking the law during lockdown and the illicit trade flourishing, UCT research finds;
* The Eastern Cape plans to offer employers R10,000 for every manufacturing job saved;
* SAA continues to suck up billions of taxpayers' funds, even though it is grounded and being managed by business rescue specialists;
* As the Covid-19 pandemic risks dragging Africa into the worst economic recession on record, governments from Ghana in the west to Rwanda in the east have started to ease restrictions, reports Bloomberg; and
* Covid-19 has shaken up stock markets and wiped out asset values for many, but wealthy South Africans still feature on the UK’s rich list. These include Nicky Oppenheimer, whose family has donated generously to SA efforts to prop up the economy and help the poor, and short-term insurance entrepreneur Douw Steyn and first African in space Mark Shuttleworth. Learn more about your ad choices. Visit megaphone.fm/adchoices
17 May 2020 8AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: What to make of yesterday's massive market surge

In this Members Only episode of Boardroom Talk, Alec Hogg unpacks one of the most dramatic 24-hour market reversals in years. After weeks of geopolitical tension driven by the Iran conflict and soaring oil prices, a surprise ceasefire triggered a powerful global rebound — with the JSE leading emerging markets…
9 Apr 11AM 15 min

BNC#8: Anthony Ginsberg Q&A - Inside the $1 trillion deal, US tensions and urgent call to act

Sitting down with Alec Hogg, Anthony Ginsberg discusses South Africa’s economic future, global positioning, and urgent need for pragmatic leadership. From strained US relations and missed trade opportunities to AI disruption and investment potential, the discussion highlights both risk and opportunity. With billions in foreign capital waiting, the message is…
9 Apr 8AM 40 min

BNC#8: Iraj Abedian Q&A - Global power games, SA silence and a chilling warning the world can’t ignore

A gripping, no-holds-barred discussion unpacking global power plays, Iran’s ideological conflict, and the ripple effects on South Africa’s fragile political landscape. From Trump-era strategy to ANC silence, it exposes how influence, religion, and realpolitik collide with devastating human consequences. With firsthand insight into communication blackouts and life under bombardment, the…
9 Apr 5AM 14 min