2,000 Covid-19 deaths; Tito's shake-up budget; Tsogo Sun rescues Marriott hotels; back-to-work for hairdressers

Loading player...
In today's news headlines:
* Almost 93,000 people in South Africa have tested positive for Covid-19 since the start of the pandemic;
* Finance Minister Tito Mboweni has told Parliamentarians that the Treasury plans to unveil “very serious and unusual changes” to its expenditure plans this week;
* Tsogo Sun has come to the rescue of thousands of jobs after Marriott announced it was closing three hotels;
* A bank set up by Brazil, Russia, India, China and South Africa has awarded $1bn (R17.5bn) worth of emergency loan assistance to South Africa; and
* Hairdressers, tattoo artists and nail technicians are some of the people who can officially get back to work, with the government gazetting the rules of business at the weekend. Learn more about your ad choices. Visit megaphone.fm/adchoices
21 Jun 2020 1PM English South Africa Investing · Business News

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

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