Rand strengthens; Covid-19 deaths near 800; taxpayers fund King Goodwill pay increase to R72m; Mediclinic

Loading player...
In today's news headlines:
* South Africa has reported 50 more Covid-19 related deaths. This brings the total reported number of deaths from Covid-19 to 755, with 567 of these in the Western Cape, says the government;
* South Africa’s long-suffering taxpayers will fund Zulu King Goodwill Zwelithini’s lifestyle to the tune of more than R72m;
* The Vaal Dam has plunged to a record low, sparking warnings to residents who rely on the water source to take steps to save water;
* Mediclinic shrugged off a nearly R7bn loss on Wednesday, with analysts telling BizNews that long-term demand for private healthcare looks promising; and
* South Africa’s rand strengthened on Wednesday, trading at its strongest in 11 weeks against the US dollar. Less than R17 was trading for one greenback by late on Wednesday. Learn more about your ad choices. Visit megaphone.fm/adchoices
3 Jun 2020 12PM 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