Covid-19 jumps in Gauteng; FSCA to act against insurers in business interruption scandal; JP Markets
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In today's news headlines:
* Gauteng, the richest province in South Africa, has become the centre of the country’s coronavirus outbreak;
* South Africa’s manufacturing output fell 49.4% year on year in April during a nationwide lockdown, says Reuters;
* The Financial Sector Conduct Authority (FSCA) has filed an urgent application with the High Court to liquidate JP Markets for trading in over-the-counter derivatives without a licence; and
* The FSCA has slammed insurers that have refused to pay out business interruption claims and says it will take action.
* Gauteng, the richest province in South Africa, has become the centre of the country’s coronavirus outbreak;
* South Africa’s manufacturing output fell 49.4% year on year in April during a nationwide lockdown, says Reuters;
* The Financial Sector Conduct Authority (FSCA) has filed an urgent application with the High Court to liquidate JP Markets for trading in over-the-counter derivatives without a licence; and
* The FSCA has slammed insurers that have refused to pay out business interruption claims and says it will take action.
