CR defends booze ban, but Sars boss warns of huge tax losses; London Covid-19 alert; SA economy warning - OECD
Loading player...
In today's news headlines:
* President Cyril Ramaphosa has defended the alcohol ban - even though it has emerged that the country has lost as much, if not more, in tax revenues as it has received in emergency Covid-19 funding.
* Elsewhere there are concerns that the spread of Covid-19 is picking up. UK Prime Minister Boris Johnson is considering sealing off Greater London and ordering at-risk members of the population to stay at home under a potential scenario designed to avert a second national lockdown, according to news reports.
* South Africa lost more in tax revenue in the first three-and-half months of its fiscal year than it borrowed from the International Monetary Fund and the African Development Bank combined.
* South Africa’s economy could contract by more than 8% this year, if a second wave of Covid-19 cases hits the country and its main trading partners, the OECD says. Learn more about your ad choices. Visit megaphone.fm/adchoices
* President Cyril Ramaphosa has defended the alcohol ban - even though it has emerged that the country has lost as much, if not more, in tax revenues as it has received in emergency Covid-19 funding.
* Elsewhere there are concerns that the spread of Covid-19 is picking up. UK Prime Minister Boris Johnson is considering sealing off Greater London and ordering at-risk members of the population to stay at home under a potential scenario designed to avert a second national lockdown, according to news reports.
* South Africa lost more in tax revenue in the first three-and-half months of its fiscal year than it borrowed from the International Monetary Fund and the African Development Bank combined.
* South Africa’s economy could contract by more than 8% this year, if a second wave of Covid-19 cases hits the country and its main trading partners, the OECD says. Learn more about your ad choices. Visit megaphone.fm/adchoices
