Flash Briefing: Ace suspended, Zuma could be next - ANC; Sars promises to nail ANC for PAYE tax dodge; new Covid strains

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* The ANC is suspending its secretary-general - albeit temporarily - and may also do the same to former president Jacob Zuma in connection with their corruption cases, reports Bloomberg.
* South African Revenue Service commissioner Edward Kieswetter has promised zero tolerance against tax-dodgers, telling Parliament on Wednesday that the revenue service would act without fear or favour against any individual or entity that did not meet their tax obligations. That’s according to Gaye Davis of Eyewitness News.
* New coronavirus variants have proliferated across southern and eastern Africa, exacerbating the challenge of bringing the pandemic under control, analysis of the genomics data shows.
* A strain first detected in South Africa late last year is “completely dominating all infection in southern Africa and seems to be entering East Africa,” said Tulio de Oliveira, director of Krisp, a genomics institute in Durban.
* MTN Group Ltd. is making progress toward separating the company’s financial-technology business and dispose of South African towers as the continent’s largest wireless carrier works on slimming down.
* An independent panel says Facebook must decide soon whether former president Donald Trump is permanently locked out of the platform, reports BizNews Premium partner The Wall Street Journal. Learn more about your ad choices. Visit megaphone.fm/adchoices
5 May 2021 10AM English South Africa Investing · Business News

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