SA can survive Covid-19 - IMF: Business leaders donate pay to CR anti-Covid battle; mines get back to work; Vodacom; MTN

Loading player...
In today's news headlines:
* South Africa is resilient enough to overcome the impact of the coronavirus pandemic as long as its policies are recalibrated toward economic growth once the crisis has passed, according to the International Monetary Fund;
* Business leaders across industries are following President Cyril Ramaphosa and his cabinet in taking about a third of their pay for the next three months and donating the money to a government fund to fight the coronavirus, says Bloomberg;
* South Africa’s mobile phone network operator Vodacom said on Thursday that data traffic on its network has jumped 40%, while MTN reports a 30% increase in traffic as people work remotely;
* Amazon's Jeff Bezos and Tesla's Elon Musk are getting richer, even though much of the world is under financial pressure as a result of the Covid-19 pandemic; and
* South Africa will allow mines to operate at 50% capacity during a nationwide lockdown to curb the spread of the coronavirus, says Reuters, which reports on amended government regulations published Thursday. Learn more about your ad choices. Visit megaphone.fm/adchoices
16 Apr 2020 2PM English South Africa Investing · Business News

Other recent episodes

Jabulani Khumalo - Threats, a R14-m ransom & the battle for MKP….

In his latest interview with Chris Steyn, the real founder of MKP, Jabulani Khumalo, reveals threats to the actual directors of the “hijacked” party over a picket to distance themselves from the human trafficking of 19 men to Russia. “…our spokesperson… got a call…a threatening call…And also, the people on…
11 Jan 6AM 18 min

Magnus Heystek: Why SA’s middle class is quietly being crushed

South Africans are being told everything is fine. Magnus Heystek says it’s a dangerous illusion. In a wide-ranging conversation with Alec Hogg, the veteran investment strategist warns that falling GDP per capita, rising taxes, weak property returns and flawed retirement structures are steadily hollowing out the middle class. From Regulation…
9 Jan 6AM 41 min