Flash Briefing: Nearly 50% of businesses rejected for R200bn relief; Moderna shot for SA; airline price war; Zuma

Loading player...
* The Banking Association of South Africa said in a statement on Wednesday that, at the current rate, only R18.9 billion rand - or about 10% - of the R200bn available to help businesses recover from Covid-19 will be allocated.
* Moderna has offered to supply its coronavirus vaccine to South Africa, in what would be its first deal to sell shots to an African nation, says Bloomberg.
* Airlines have slashed flight prices on the back of low demand in South Africa.
* A South African judicial panel said it will lay a criminal complaint against former President Jacob Zuma over his failure to appear before an inquiry into state corruption during his rule.
* The big story on US stock markets was move by Jeff Bezos from chief executive of Amazon. to executive chairman.
* Distell was among the top performers on the JSE on the back of good revenue outside SA. Learn more about your ad choices. Visit megaphone.fm/adchoices
3 Feb 2021 11AM English South Africa Investing · Business News

Other recent episodes

Jacques Broodryk - AfriForum goes after the elusive Guptas…

AfriForum has asked the National Director of Public Prosecutions, Advocate Andy Mothibi, for an urgent update on the much delayed extradition of the Guptas who allegedly benefited from State Capture to the tune of between R50 and R70 billion. In this interview with Chris Steyn, Jacques Broodryk, AfriForum’s Chief Spokesperson:…
21 May 5AM 9 min

BN Daybreak - Thu 21 May 2026: Nvidia; SpaceX; Anthropic; Fed Hikes; Oil Shock; SA Infrastructure; Hartley on BRICS

In today's BizNews Daybreak, Nvidia delivers an upbeat sales forecast and multi-billion-dollar buyback plan, while SpaceX prepares for the world’s largest ever IPO. Meanwhile, Anthropic reports surging Claude revenue, and Fed minutes signal potential interest rate hikes. In global affairs, Middle East tensions cause oil market volatility, raising economic risks…
20 May 11PM 12 min

George Glynos - The Rand's Reckoning

The South African rand looks resilient - but George Glynos warns that appearances are dangerously deceiving. In this interview with Irakli, ETM Analytics Co-Founder and Head of Research lays out exactly why the risks are building asymmetrically against the rand - and why complacency could prove costly. On the scale…
20 May 10AM 11 min