Flash Briefing: Ace suspended, Zuma could be next - ANC; Sars promises to nail ANC for PAYE tax dodge; new Covid strains

Loading player...
* The ANC is suspending its secretary-general - albeit temporarily - and may also do the same to former president Jacob Zuma in connection with their corruption cases, reports Bloomberg.
* South African Revenue Service commissioner Edward Kieswetter has promised zero tolerance against tax-dodgers, telling Parliament on Wednesday that the revenue service would act without fear or favour against any individual or entity that did not meet their tax obligations. That’s according to Gaye Davis of Eyewitness News.
* New coronavirus variants have proliferated across southern and eastern Africa, exacerbating the challenge of bringing the pandemic under control, analysis of the genomics data shows.
* A strain first detected in South Africa late last year is “completely dominating all infection in southern Africa and seems to be entering East Africa,” said Tulio de Oliveira, director of Krisp, a genomics institute in Durban.
* MTN Group Ltd. is making progress toward separating the company’s financial-technology business and dispose of South African towers as the continent’s largest wireless carrier works on slimming down.
* An independent panel says Facebook must decide soon whether former president Donald Trump is permanently locked out of the platform, reports BizNews Premium partner The Wall Street Journal. Learn more about your ad choices. Visit megaphone.fm/adchoices
5 May 2021 10AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Apple earnings; Amazon AWS; RMB housing; Anglo’s SA exit; Tesla China sale

Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American’s South Africa exit, RMB launches…
30 Jul 11PM 14 min

Cityboy: How psychopaths win big in business, politics - but lose in life

A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his…
30 Jul 9AM 32 min

R1-billion blended finance programme to transform real estate

In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build,…
30 Jul 6AM 15 min

BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci's Fifth Amendment; Zambian kwacha

In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging…
29 Jul 11PM 16 min