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Monday, July 6th, 2020

Covid-19 SA cases rise, world hits 10m; NDZ wins tobacco ban court case; Zimbabwe cash crisis

by June 28, 2020 Financial News

BizNews — In today’s headlines:* More than 10m people around the world are confirmed as having contracted Covid-19 – and more than 500,000 people have died of the new coronavirus;* Dean of the Faculty of Health Sciences at the University of the Witwatersrand,Prof Martin Vellertold BizNews that although the numbers are low the country is experiencing a sharp rise in cases;* In a blow for Steinhoff shareholders, a judge dismissed a class action suit against the retailer, but says Steinhoff can go after Steinhoff directors and the auditors,Deloitte, who should have rung the alarm bells to put a stop to deals;* The South African government has won a legal battle challenging aban on tobacco salesin the country that was imposed in late March as part of lockdown rules, meaning stores won’t be able to sell cigarettes until further notice; and* The Zimbabwean government has blocked bank accounts as the economic crisis deepens. …

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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