Flash Briefing: Nearly 50% of businesses rejected for R200bn relief; Moderna shot for SA; airline price war; Zuma

Loading player...
* The Banking Association of South Africa said in a statement on Wednesday that, at the current rate, only R18.9 billion rand - or about 10% - of the R200bn available to help businesses recover from Covid-19 will be allocated.
* Moderna has offered to supply its coronavirus vaccine to South Africa, in what would be its first deal to sell shots to an African nation, says Bloomberg.
* Airlines have slashed flight prices on the back of low demand in South Africa.
* A South African judicial panel said it will lay a criminal complaint against former President Jacob Zuma over his failure to appear before an inquiry into state corruption during his rule.
* The big story on US stock markets was move by Jeff Bezos from chief executive of Amazon. to executive chairman.
* Distell was among the top performers on the JSE on the back of good revenue outside SA. Learn more about your ad choices. Visit megaphone.fm/adchoices
3 Feb 2021 8AM 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