SAA crashes: blame ANC graft, says O'Sullivan; Covid-19 - 7 more SA deaths, global toll 2m, another Netcare shuts

Loading player...
In today's news headlines:
* The new coronavirus marked another grim milestone with the number of people infected with Covid-19 reaching 2 million worldwide, and just over 2,500 in SA;
* Another seven deaths have been reported, mostly in KwaZulu-Natal where a second Netcare facility has been shut following a Covid-19 outbreak;
* SAA looks like it will be grounded forever, with politicians noting that the Covid-19 pandemic has added financial strain. But Forensics for Justice founder Paul O'Sullivan reminds us that the real reason for the crooked mess at SAA is ANC corruption. He goes as far as suggesting that Minister of Public Finances Pravin Gordhan should face the music for state capture along with former President Jacob Zuma and others;
* Petrol prices are plunging, which is a small bonus if you have to use your car to get out and about for essential items; and
* MTN bosses have clubbed together to help staff members in trouble, sharing about one-third of their salaries. This follows moves by FirstRand and Absa bosses to bolster President Cyril Ramaphosa's funds to fight Covid-19. Learn more about your ad choices. Visit megaphone.fm/adchoices
15 Apr 2020 1PM English South Africa Investing · Business News

Other recent episodes

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min

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