Covid-19 hits Capitec hard; Islamic State rears ugly head on SA's door; state capture dirt on ANC leaders; CPD bail-out

Loading player...
In today's news headlines:
* Capitec, one of South Africa’s largest banks, has been hit hard by Covid-19 containment. It warns that its profits are plummeting;
* Islamic State is threatening Africa's biggest investment in Mozambique and is also seen as a risk to stability in the region;
* There is enough evidence to get some ANC leaders into the dock for state capture, say constitutional law expert Pierre de Vos and journalist Max du Preez; and
* The central bank issued a R3.45bn guarantee to bail out the Corporation for Public Deposits (CPD), a government investment arm hit by surging defaults at state agricultural lender Land Bank. Learn more about your ad choices. Visit megaphone.fm/adchoices
5 Jul 2020 9AM English South Africa Investing · Business News

Other recent episodes

Eskom's nuclear nightmare returns: Zuma-era ghost returns to haunt St Francis

Is South Africa about to repeat its most expensive infrastructure mistakes? Ten years after a corruption-laden Russia/Zuma initiative was shelved, the controversial proposal for a nuclear power plant at Thyspunt near St Francis is back on the table. Communities in the Eastern Cape are sounding the alarm at a siting…
28 Apr 10AM 33 min

Jock of the Bushveld returns: AI brings a South African classic back to life

Jock of the Bushveld, the classic story of how the runt of the litter became the trusted, gutsy companion of Sir Percy FitzPatrick during South Africa’s goldmining era, is one of the country’s most enduring stories. The book once outsold the Bible locally and was adapted into a feature film…
24 Apr 5AM 21 min

Alec Hogg assesses BNC#8: Clem Sunter's penny has finally dropped

Download and read the BNC#8 post-conference PDF here: https://bit.ly/4eB6uCi In a candid address to the Hermanus Rotary Club, BizNews editor Alec Hogg reflects on the key takeaways from BizNews Conference 8, unpacking South Africa’s economic stagnation, governance failures, and the growing realisation that “Pretoria will not provide.” Drawing on insights…
24 Apr 8AM 25 min