Flash Briefing: Outcry against ban on guns for self-defence; Eskom slashes debt; McKinsey repays R870m for corruption

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* Eskom, the beleaguered South African state power utility, reduced its debt by almost a fifth.
* Professional services firm McKinsey, which played a central role in state capture and corruption in the Jacob Zuma era, has repaid R870m to parastatal Transnet.
* The South African Reserve Bank is studying the benefits of issuing a digital currency for general retail purposes.
* The DA has launched a petition against the Firearms Control Amendment Bill which proposes a ban on firearm ownership for self-defence by civilians.
* Absa, Investec and the Development Bank of Southern Africa indicated they could support a bid by a Turkish company to supply emergency power to South Africa. Learn more about your ad choices. Visit megaphone.fm/adchoices
25 May 2021 7AM English South Africa Investing · Business News

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