Rand strengthens; Covid-19 deaths near 800; taxpayers fund King Goodwill pay increase to R72m; Mediclinic

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In today's news headlines:
* South Africa has reported 50 more Covid-19 related deaths. This brings the total reported number of deaths from Covid-19 to 755, with 567 of these in the Western Cape, says the government;
* South Africa’s long-suffering taxpayers will fund Zulu King Goodwill Zwelithini’s lifestyle to the tune of more than R72m;
* The Vaal Dam has plunged to a record low, sparking warnings to residents who rely on the water source to take steps to save water;
* Mediclinic shrugged off a nearly R7bn loss on Wednesday, with analysts telling BizNews that long-term demand for private healthcare looks promising; and
* South Africa’s rand strengthened on Wednesday, trading at its strongest in 11 weeks against the US dollar. Less than R17 was trading for one greenback by late on Wednesday. Learn more about your ad choices. Visit megaphone.fm/adchoices
3 Jun 2020 12PM English South Africa Investing · Business News

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