Morning Brief

Morning Brief: Gupta arrests not politically motivated, US economy heading for a recession

Accusations that the Gupta brothers’ arrests in Dubai earlier this month were politically motivated are just “baseless rhetoric” says justice minister, Wells Fargo believes the US is heading for a recession in 2023, and creditors will be circling Comair for their piece of the pie as liquidation proceedings get underway. Claims Gupta arrests aimed at …

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Morning Brief: Global stock sell-off sparks recession fears, JSE not immune to effects

Global markets suffered losses yesterday as bourses dropped into the red and fears of an oncoming recession began to take hold. US stock markets closed at the lowest level in more than a year while the JSE didn’t come out unscathed either but may be better off than its global peers for now. Meanwhile, Elon …

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Morning Brief: Ramaphosa called a “criminal” as MPs demand answers on his “Nkandla”

News in brief: Ramaphosa faces rowdy opposition demanding answers for the Phala Phala farm theft. Public protector Busisiwe Mkhwebane is suspended. Comair moves from business rescue to liquidation after failing to secure funding. President Cyril Ramaphosa’s presidency budget speech in parliament yesterday got off to a rowdy start with opposition parties bringing up multiple points …

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Morning Brief: Ramaphosa faces a barrage of farm theft questioning in Parliament

Good morning, President Cyril Ramaphosa will face a firing squad when he goes to parliament today in a session that is officially designated for him to present the presidency’s budget but one which will surely descend into questions around the theft at his Limpopo farm. Yesterday, it was Deputy President David Mabuza’s turn in the …

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