Flash Briefing: Ivermectin gets thumbs up for big UK Covid study; Guptas paid Zuma arms deal legal fees; inflation rises

Loading player...
* A large UK study at the University of Oxford is to investigate the use of Ivermectin, as a possible treatment for Covid-19.
* At least two South African labour unions have vowed to support workers who are threatened with dismissal if they refuse to be vaccinated.
* Auditor-General Tsakani Maluleke has painted a bleak picture of the state of the country’s municipal finances, telling Parliament how municipalities had racked up R26 billion in irregular expenditure, reports Eyewitness News (EWN).
* In a bombshell day of testimony at the Zondo Commission, it was revealed that money from the Gupta enterprise paid Jacob Zuma’s Arms Deal legal fees – even while the state was ostensibly footing the legal bill, reports Daily Maverick.
* South Africa’s headline consumer price inflation rose to 5.2% year on year in May from 4.4% in April, according to data from Statistics South Africa. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Jun 2021 5AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min