— The Cabinet has resolved to ask President Jacob Zuma to establish a judicial inquiry into the banks and their actions against the Guptas, as well as to review the legislation that governs the banking system, Mineral Resources Minister Mosebenzi Zwane said on Thursday.
The announcement comes as investor confidence in South Africa is in free-fall, as a slew of decisions emerging from the Zuma administration creates growing uncertainty in the rules regulating the economy.(Business Day)
— The ruling African National Congress has moved to quell fears after Futuregrowth Asset Management, which has about R170bn in assets, took an unprecedented decision to halt loans to key state-owned enterprises in the country. (Fin24)
— Health Minister Aaron Motsoaledi says putting all HIV positive people on treatment regardless of their CD4 cell count will help stop the transmission of the virus and improve life expectancy in South Africa.
The country began implementing the universal test and treatment program on Thursday. (South African Broadcasting Corporation) Enditem
Source: Xinhua/News Ghana
