Daybreaker | Malusi, ministerial posts and man-bags: Gigaba rejects estranged wife's Zondo evidence

Unemployment expected to hit record highs as pandemic purges job opportunities

View Online Daybreaker A snapshot of the day's business and economic news. AHMED AREFF, FIN24 DEPUTY EDITOR Malusi, ministerial posts and man-bags: Gigaba rejects estranged wife's Zondo evidence Former minister Malusi Gigaba told the Judicial Commission of Inquiry into State Capture that his estranged wife Nomachule Mngoma's testimony on his work as minister of public enterprises was littered with misrepresentations and lies.   On Monday afternoon, Gigaba testified before the commission on matters including his work at the Department of Public Enterprises, his reshuffling to National Treasury, his relationship with the Gupta family and the circumstances behind his and Mngoma's wedding in 2014.   Mngoma had previously told the commission that, among other things, Gigaba carried bags of money out of the Gupta Saxonwold residence when visiting them, that he wasn't ambitious for the role of minister of finance, and that he had the Guptas pay for expenses including campaign funding, renovations, and their wedding. Read More Unemployment expected to hit record highs as pandemic purges job opportunities Despite economic conditions having improved compared to last year when there were stricter lockdown measures in place, many businesses have been shut down. FNB 'retires' gold accounts, will now give black cards to middle-income earners FNB is replacing its gold value bank account bundle with a rebranded offering and a swanky black card for middle-income customers - as it competes with peers to claim a bigger market share of this segment. INTERVIEW | Nampak is making good progress, but it's not 'out of the storm yet' - CEO Angola and Nigeria have been a thorn in Nampak's side and were the cause of the company's writedowns. As Eskom's old plants are decommissioned, SA must turn to renewables for growth: Valli Moosa Replacing South Africa's aging and inadequate electricity generation capacity with renewable energy plants is an opportunity to spur economic growth, according to Valli Moosa, the deputy chair of the president's climate change commission. Sasol's sale of the world's biggest oxygen production site gets thumbs up Sasol will earn R8.5 billion from the deal, which it will use to help settle its massive debt burden of more than R120 billion. More relief for motorists as petrol price to drop 10c/l While the rand is trading at its best level since 2019, oil has also been rallying. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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