BizNews Flash Briefing
To stay on top of business news in South Africa be sure to listen to the BizNews Flash Briefing. You byte-sized chunk of everything that matters.
14 Episodes
Flash Briefing: SA remains most unequal nation; SA's 'perpetual' state of disaster; Ramaphosa and cabinet to face motions of no confidence
In today's headlines:*South Africa is the most unequal country in the world, with race playing a determining factor in a society where 10% of the population owns more than 80% of the wealth, a World Bank report said Wednesday.*The government is considering extending the national state of disaster despite the…
Flash Briefing: Eskom warns of Ukraine wars' impact; SA cannabis legalisation nearing; OUTA
In today's headlines:*Russia’s invasion of Ukraine and its impact on the global economy will have a knock-on effect on Eskom and electricity supply in South Africa.*Changes to South Africa’s proposed cannabis laws have been tabled in parliament, which will enable the government to push ahead with its plan to establish…
Flash Briefing: The latest news and market-related headlines
In today's headlines:*ANC president Cyril Ramaphosa has said that he will not comment on accepting nomination for a second term as leader of the party.*As the price of Brent crude oil continues to climb, there are calls for alternative solutions to ease the burden on consumers.*As 40% of South Africa’s…
Flash Briefing: Ramaphosa weighs in on Russian invasion, SA's stance; SAA/Takatso deal still grounded
In today's headlines:*President Cyril Ramaphosa has weighed in on Russia’s invasion of Ukraine, calling for the dispute to be settled through mediation rather than the ‘barrel of the gun’. *United States deputy secretary of state, Brian McKeon, says that the department left no diplomatic stone unturned when confronting the Russian invasion…
Flash Briefing: UN resolution condemns Russia; Mantashe to challenge Zondo finding; SANRAL
In today's headlines:*The United Nations General Assembly voted to condemn the Russian invasion of Ukraine in a two-day long emergency session this week, where nations worldwide debated the conflict.*ANC chair and energy and mineral resources minister Gwede Mantashe says that he will challenge the findings of the latest Zondo Commission…
Flash Briefing: Zondo Commission implicates JZ, Mantashe in dodgy dealings; Eskom names and shames debtors
In today's headlines:*The Zondo Commission of Inquiry into State Capture has said that there is reason to believe that former president Jacob Zuma, the minister of mineral resources and energy Gwede Mantashe, and former minister Nomvula Mokonyane have a case to answer for corruption.*People who have family members stuck in…
Flash Briefing: Red notice for Guptas FINALLY issued; public service wage dispute; Winde dismisses Fritz
In today's headlines:*After months of legal proceedings, international criminal police organisation Interpol has issued red notices for the Gupta brothers – Atul and Rajesh Gupta – related to fraud and money laundering allegations.*South Africa’s public service unions say their dispute with the government over public sector wages is far from…
Flash Briefing: Russian relations – Ramaphosa, Pandor at odds; SARS super-wealthy unit; culpable homicide laws
News headlines:*The South African government is attempting to patch up Russian relations following the minister of international relations and cooperation Naledi Pandor’s call for Russia to withdraw from Ukraine. *SARS commissioner Edward Kieswetter says that the revenue service’s new unit for the super-wealthy is not there to ‘go after’ wealthy taxpayers…
Flash Briefing: Biden, Boris condemn Russian invasion of Ukraine; Sapref; state capture roots
In today's headlines:*Russian troops and tanks pushed into Ukraine and airstrikes hit the country’s capital and more than a dozen other cities early Thursday after President Vladimir Putin said he ordered a military operation to “demilitarise and de-Nazify Ukraine” and bring its leaders to trial. *KwaZulu-Natal premier Sihle Zikalala has announced…
Flash Briefing: Budget speech, R182bn windfall bring hope; Dlodlo, Cele play July riots blame game; “business-friendly" Jhb
In today's headlines:*SA’s total tax revenue exceeded the February 2021 Budget Speech estimate by R182bn at R1.55trn.*Former state security minister Ayanda Dlodlo has washed her hands of the responsibility for the intelligence failures during the July 2021 riots that shocked the country. *The City of Joburg has given property owners…
Flash Briefing: SA's first cannabis hub; Cele on instigators of July unrest; “mix and match” booster jabs in SA
In today's headlines:*Gauteng premier David Makhura has announced plans to establish the country’s first cannabis hub as part of a R45bn development in the Vaal River area. *Police Minister Bheki Cele said he received information on the identities of the 12 instigators of the July unrest from a member of the…
Flash Briefing: Ramaphosa's 'red tape' team; NPA insists Zuma will stand trial; Mantashe/Shell's leave to appeal denied
In today's headlines:*President Cyril Ramaphosa says reducing red tape will benefit businesses and unlock investment. *The National Prosecuting Authority (NPA) says it will "resist" further delays in the long-awaited corruption trial of Jacob Zuma and French arms company Thales – and stressed that "despite any appeals, the matter must proceed".*The High…
Flash Briefing: CPT to be free of load shedding, say mayor; every SA home to receive data, says Ntshavheni; new pension fund changes coming
In today's headlines:*Cape Town will be the first load shedding-free city in South Africa, says mayor Geordin Hill-Lewis.*Minister of Communications and Digital Technologies Khumbudzo Ntshavheni says that every South African will be given access to the internet as a core utility.*The National Treasury will introduce new pension fund regulations for…
Flash Briefing: SARS, SAPS, Gautrain's power cut by Tshwane for non-payment; post-SONA no-confidence; Mkhize tied to more corruption
In today's headlines:*The City of Tshwane on Tuesday cut the power supply to the South African Revenue Service (SARS), the SA Police Service (SAPS) headquarters, and the Gautrain station in Hatfield. *Opposition parties grilled president Cyril Ramaphosa in the post-SONA debate this week. *Former health minister Zweli Mkhize has reportedly been implicated…