Covid-19 cases near 1,000 as SA shuts; SA billionaires embarrass Branson; price gougers; forced Covid leave

Loading player...
In today's news headlines:
* As the confirmed cases of Covid-19 in South Africa head towards 1,000, the country has gone into a lockdown for 21 days;
* As the nation-wide lockdown took effect from midnight on Thursday, the government reminds employers they can enforce leave over this period;
* As has happened in other countries, the shutdown is likely to put businesses under severe strain. Mr Price has warned of no sales for the next three weeks;
* Spar and Pick n Pay are on a list of price gougers, with the Competition Commission asking the CEOs of the biggest retailers to avoid exploiting consumers - or face harsh treatment from the government;
* British billionaire Richard Branson is at the centre of a storm for trying to take from government amid the coronavirus crisis. Compare this to South African billionaire Johann Rupert, whose family has pledged R1bn to help small businesses survive the unprecedented shutdown; and
* European markets perked up on expectations that governments will work hard to reignite economic activity after the coronavirus has been brought under control. Learn more about your ad choices. Visit megaphone.fm/adchoices
26 Mar 2020 1PM English South Africa Investing · Business News

Other recent episodes

Cityboy is back: his tip to win big in financial services? Trade your soul

A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his…
30 Jul 9AM 32 min

R1-billion blended finance programme to transform real estate

In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build,…
30 Jul 6AM 15 min

BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci's Fifth Amendment; Zambian kwacha

In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging…
29 Jul 11PM 16 min

Murder, mayhem, treachery, and court battles = SA politics: Solly Moeng

In his latest interview with Chris Steyn, Political Commentator Solly Moeng, talks about four political parties joining in a Constitutional Court bid to try and overturn President Cyril Ramaposa's impeachment committee interdict; a murder investigation into the death of General Sindile Mfazi, who was investigating an unauthorised undercover operation to…
29 Jul 5AM 15 min