Covid-19 deaths up in WC, KZN; SA economy could shrink by 16%, take 7m jobs - Treasury; SA plans new SAA

Loading player...
In today's news headlines:
* As South Africa’s lockdown restrictions were eased slightly at the weekend, many were out enjoying early morning exercise. But public health officials have urged vigilance on social distancing. At least 123 people had died of Covid-19 in South Africa by Saturday, with the highest number of deaths reported in the Western Cape;
* A drug used to fight the ebola virus has received emergency approval to treat Covid-19 patients in the US. Gilead Science's antiviral drug remdesivir reduces recovery time in hospital, according to an early study;
* South Africa’s Covid-19 containment measures could lead to 7m job losses by the end of this year and the economy could contract by more than 16% in 2020, Treasury estimates showed; and
* South Africa is seeking to create a new thriving national airline out of the ashes of SAA, which is technically insolvent and on the brink of being placed into liquidation. An ideal replacement for South African Airways would have both public and private owners, maintain the country’s trade connections and make a profit, the Department of Public Enterprises said in a statement. Learn more about your ad choices. Visit megaphone.fm/adchoices
3 May 2020 8AM English South Africa Investing · Business News

Other recent episodes

Warren Wheatley breaks his silence on his FSCA debarment

Three trades, R301 in total, and a 20-year ban from the financial sector. Warren Wheatley, the chartered accountant who helped put together the Capitec empowerment deal and went on to found Altvest, now Africa Bitcoin Corporation, broke his silence to Alec Hogg days after resigning as CEO. The FSCA says…
23 Sep 12PM 54 min

Brent Bozell on the US-South Africa breakdown

Six months after warning a Hermanus room full of business leaders that Washington's patience was wearing thin, US Ambassador Brent Bozell returned to BizNews to explain what happened next. Five asks, a 15-day deadline and a six-page reply that, in his words, answered none of them. The result: visa bans…
23 Sep 10AM 40 min

Mchunu, Mrs Matlala, Maumela, Mudzinganyama - and Meyer…

In their weekly chat, Chris Steyn and political commentator Solly Moeng talk about the second seizure of of electronic devices belonging to Special Leave Police Minister Senzo Mchunu; the arrest of tenderpreneur Cat Matlala’s wife, Tskanane; the rape case against suspended Deputy National Commissioner Shadrack Sibiya; the latest testimony at…
23 Sep 6AM 24 min

Ian Cameron: General Sibiya on charges of rape, sexual grooming, human trafficking…

In their latest interview, Chris Steyn and Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, unpack a day of high drama with the court appearance this afternoon of suspended Deputy National Commissioner General Shadrack Sibiya who is now facing charges of rape, sexual grooming, and human trafficking. The…
22 Sep 1PM 10 min