Fin24 Daybreaker | The ANC may need to destroy itself to rid SA of state capture, analyst says

Disgraced Stellenbosch-headquartered Bitcoin trader MTI faces final liquidation hearing

View Online Daybreaker A snapshot of the day's business and economic news. AHMED AREFF, FIN24 DEPUTY EDITOR The ANC may need to destroy itself to rid SA of state capture, analyst says The ANC may need to die to clean South Africa of the effects of state capture.   These were the sentiments of political analyst Justice Malala during a virtual panel discussion on the national budget, hosted by PwC on Friday.   Malala was sharing his views on the budget tabled by Finance Minister Tito Mboweni on Wednesday. Read More Disgraced Stellenbosch-headquartered Bitcoin trader MTI faces final liquidation hearing Creditors of the disgraced trading scheme will reconvene in court on Monday to hear whether it should be permanently liquidated. All alcohol sales back to normal, except for curfew hours, Ramaphosa announces The sale of alcohol will be back to normal, President Cyril Ramaphosa said on Sunday night, after announcing that SA has moved to level 1 of the Covid-19 lockdown. OPINION | National Minimum Wage - even more of a tightrope walk after Covid-19 A minimum wage is a floor, it's the lowest amount payable for work. It's not in any way aspirational and is designed to be a protection measure, says Jahni de Villiers. Calls for BATSA to be probed for alleged complicity in African cigarette smuggling and terror funding A report claims that British American Tobacco oversupplied Mali, knowing that its products, which were largely manufactured in South Africa, would fall in the hands of smugglers and that profits from that would end up with offshoots of al-Qaida and the so-called Islamic State (IS). Hezbollah and Israel's richest were both welcome at a DRC bank Information provided by whistleblowers suggest Swiss-based Afriland's Congo bank did business with risky clientele, including Israeli billionaire Dan Gertler and firm believed to be a subsidiary of a sanctioned company linked to a financier of Lebanon's Hezbollah. Bruce Cameron | The budget, retirement savings and taxes explained Don't think you have got off quite so lightly, says Bruce Cameron.   DOWNLOAD THE NEWS24 APP CONNECT WITH US

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