Cigarette ban 'spectacular failure'; extra cash for every EC job saved; grounded SAA guzzles R10bn; SA on UK rich list
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In today's news headlines:
* The cigarette ban a ‘spectacular failure’, with nine out of 10 smokers breaking the law during lockdown and the illicit trade flourishing, UCT research finds;
* The Eastern Cape plans to offer employers R10,000 for every manufacturing job saved;
* SAA continues to suck up billions of taxpayers' funds, even though it is grounded and being managed by business rescue specialists;
* As the Covid-19 pandemic risks dragging Africa into the worst economic recession on record, governments from Ghana in the west to Rwanda in the east have started to ease restrictions, reports Bloomberg; and
* Covid-19 has shaken up stock markets and wiped out asset values for many, but wealthy South Africans still feature on the UK’s rich list. These include Nicky Oppenheimer, whose family has donated generously to SA efforts to prop up the economy and help the poor, and short-term insurance entrepreneur Douw Steyn and first African in space Mark Shuttleworth.
* The cigarette ban a ‘spectacular failure’, with nine out of 10 smokers breaking the law during lockdown and the illicit trade flourishing, UCT research finds;
* The Eastern Cape plans to offer employers R10,000 for every manufacturing job saved;
* SAA continues to suck up billions of taxpayers' funds, even though it is grounded and being managed by business rescue specialists;
* As the Covid-19 pandemic risks dragging Africa into the worst economic recession on record, governments from Ghana in the west to Rwanda in the east have started to ease restrictions, reports Bloomberg; and
* Covid-19 has shaken up stock markets and wiped out asset values for many, but wealthy South Africans still feature on the UK’s rich list. These include Nicky Oppenheimer, whose family has donated generously to SA efforts to prop up the economy and help the poor, and short-term insurance entrepreneur Douw Steyn and first African in space Mark Shuttleworth.
