5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • South Africa’s Public Investment Corp ploughed R4 billion into an oil company linked to the ANC and former president Jacob Zuma – but has no record of it. Testimony before the commission of inquiry said there was no record or minutes from committee meetings justifying the investment, and is just one of many other controversial transactions. [Business Day]
  • As the US-China trade war escalates, local economists are warning of the impact on South Africa’s economy. Economist Dawie Roodt said that the trade war has no winners, and emerging markets like South Africa stand to lose out, particularly in the financial markets. [MyBroadband]

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5 important things happening in South Africa today