CR: lockdown to ease by June, but you still can't buy ciggies, flipflops; Patel clothing farce; property price plunge

Loading player...
In today's news headlines:
* President Cyril Ramaphosa has announced that the lockdown is expected to ease further by the end of May. He apologised for government short-comings but stopped short of allowing South Africans to buy cigarettes, booze and flipflops;
* The Democratic Alliance has urged the president to axe the minister responsible for trade and industry for a "frankly mad" set of regulations about what South Africans can and cannot buy during the Covid-19 containment lockdown;
* A retired judge has slammed South Africa’s lockdown, saying it no longer passes the rule of law tests. Rex Van Schalkwyk, Chairman of the FMF Rule of Law Board of Advisors and a former Supreme Court Judge, examines the house arrest to which the entire population has been subjected for the past several weeks, finding the lockdown remains illegitimate, and therefore tyrannical;
* The National Treasury will put forward a fresh budget on June 24th that takes into account a R500bn stimulus package aimed at easing the economic impact of the coronavirus outbreak; and
* South African estate agents are warning sellers to brace for property selling prices to plunge by 20-30%. Learn more about your ad choices. Visit megaphone.fm/adchoices
13 May 2020 3PM 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