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Cape Town - A roundup of Friday's top economic and finance reads on Fin24.
Naspers won't publish report on ANN7 probe, AGM hears
Naspers [JSE:NPN] will not make publicly available the report on an investigation into alleged payments by MultiChoice to Gupta-owned channel ANN7, shareholders heard on Friday.
Earlier this year MultiChoice had a briefing following the probe, indicating that no irregular payments were made to ANN7. This probe was launched following revelations in the Gupta-leaked emails that Naspers’ video entertainment subsidiary MultiChoice made payments to ANN7, News24 reported.
Everyone will be covered by NHI by 2025 - Ramaphosa
All South Africans will be covered by the National Health Insurance by 2025, which will begin in a phased approach from 2019, President Cyril Ramaphosa has told healthcare sector representatives
He urged health professionals and the industry meeting at the Council for Scientific and Industrial Research (CSIR) in Pretoria to see universal health coverage as an investment and not a consumptive expense.
Jonas tells SA inquiry Guptas threatened to kill him
A member of the Gupta family offered former deputy finance minister Mcebisi Jonas R600m to take the top ministry post and threatened to kill him if he spoke of the offer, Jonas told a judicial inquiry.
Jonas was instructed to fire National Treasury officials who were a “stumbling block” to the family’s business interests during the meeting in October 2015, he said at a hearing investigating accusations of corruption during Jacob Zuma’s presidency.
Delay in refunds could've lead to inflated tax revenue, SARS inquiry hears
Delays in the payment of tax refunds is in the top three reported complaints, the Nugent Commission of Inquiry into the SA Revenue Service (SARS) heard on Friday.
CEO in the office of the Tax Ombudsman Eric Mkhawane said taxpayers and businesses have, as a result, increasingly approached the ombudsman to intervene.
Ayo's CEO, CIO both quit with immediate effect
Both the chief executive officer and chief investment officer of Ayo Technology Solutions [JSE:AYO] on Friday resigned with immediate effect.
The JSE-listed information and communication technology group said in a note to shareholders that Kevin Hardy and Siphiwe Nodwele have resigned as executive directors of the company, both with immediate effect.
This follows the resignation earlier this week of four other board members - Khalid Abdulla, Walter Madzonga, Telang Ntsasa and Mbuso Khoza.* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER
