Flash Briefing: Eskom employees earn R740k, want much more; corrupt ANC cadres must be jailed - investors; Rand; crypto

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* Investors in South African assets need a lot more convincing that the government crackdown on corruption will prove effective.
* Lebanon has acted against a Turkish company that operates floating electricity plants and is linked to a South African state energy programme that has been put on hold in connection with corruption allegations.
* The average salary at Eskom is R737,000 – but workers want 15% more, reports MyBroadband.co.za.
* The Financial Sector Conduct Authority has withdrawn a cautionary notice warning that cryptocurrency business Ovex is not authorised to operate.
* The Dogecoin frenzy is reaching fever pitch as Elon Musk prepares to host Saturday Night Live with speculation he’s poised to talk up his beloved token. Coinbase Global, the largest U.S. digital-asset exchange, plunged to a record low this week partly because it doesn’t offer enough speculative coins like Dogecoin.
* South Africa is on track to receive enough Covid-19 vaccines to cover about two-thirds of the population by the end of the year, says President Cyril Ramaphosa Learn more about your ad choices. Visit megaphone.fm/adchoices
7 May 2021 7AM English South Africa Investing · Business News

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