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BusinessLIVE - For Your Ear

Listen to the latest BusinessLIVE articles from the news desk of Business Day, Financial Mail and the Business Times.

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Daily English South Africa Business News · News
12,931 Episodes
1120 – 1140

Oil prices slide on demand uncertainty

Melbourne — Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the US on a new stimulus deal. US West Texas Intermediate (WTI) crude futures slipped 2c…
7 Aug 2020 1AM 2 min

JSE may feel Naspers pressure on Friday as Trump moves against Tencent

The JSE may feel pressure on Friday morning with Asian markets under severe pressure after the White House moved to ban US companies from doing business with WeChat owner Tencent and ByteDance, the owner of the TikTok app. The White House cited national security concerns as it effectively barred the…
7 Aug 2020 1AM 1 min

SHIRLEY DE VILLIERS: Trump, ‘the Covid comorbidity’

No-one likes to say, “I told you so”. Least of all during a pandemic. But you’d forgive Atlantic science journalist Ed Yong a touch of schadenfreude as he watches the feckless Donald Trump fumble the US’s Covid-19 response. In December 2016, a month before Trump’s inauguration as US president, Yong…
6 Aug 2020 5PM 6 min

BRUCE WHITFIELD: Why SAB and Heineken are hopping mad

The announcement by the country’s two biggest brewers that they will cancel R11bn in capital expenditure should come as no surprise to the government which, despite mounting evidence of the economically destructive impact of the liquor ban, continues to outlaw the sale of alcohol. The government is showing no sign…
6 Aug 2020 4PM 4 min

Ohio governor Mike DeWine tests positive for Covid-19 before Trump’s visit

Cleveland — Governor Mike DeWine, a Republican who has aggressively pushed public-health measures for Ohio, has tested positive for Covid-19. DeWine said in a statement that he took the test in preparation for greeting President Donald Trump on the tarmac in Cleveland, where the president is visiting on Thursday. The…
6 Aug 2020 4PM 1 min

Trump threatens executive order amid US stimulus talks stalemate

Washington — President Donald Trump said he expected to sign orders on Friday or Saturday extending enhanced unemployment benefits and imposing a payroll-tax holiday as legislators have been unable to reach agreement on stimulus legislation that includes those measures. Trump, speaking to reporters on Thursday before leaving on a trip…
6 Aug 2020 4PM 3 min

Zimbabwean activist and journalist Hopewell Chin’ono denied bail

Harare — Zimbabwe's high court on Thursday denied bail to Hopewell Chin’ono, a journalist who was arrested in July for supporting antigovernment protests, in a case that has sparked an outcry over muzzling of the press. Hopewell Chin'ono, a freelance journalist and critic of the government, was charged with inciting…
6 Aug 2020 3PM 2 min

Egypt’s agreement with Greece on exclusive economic zone riles Turkey

Cairo — Egypt and Greece signed an agreement on Thursday designating an exclusive economic zone in the eastern Mediterranean between the two countries, an area containing promising oil and gas reserves, Egyptian foreign minister Sameh Shoukry said. Shoukry made the announcement at a joint press conference with his Greek counterpart,…
6 Aug 2020 2PM 3 min

Turkey’s lira falls to record low as forex interventions fail

Ankara — Turkey’s lira tumbled to its lowest level against the dollar as interventions by state banks failed to keep a lid on the currency’s depreciation. At the root of the strains are concerns about the level of Turkey’s reserves and an aggressive monetary easing cycle that has fueled an…
6 Aug 2020 1PM 2 min

Cyril Ramaphosa orders government to provide details of Covid-19 tenders

Premiers and ministers will have to provide information about tenders awarded during SA’s state of disaster to a committee of ministers appointed to look into allegations of corruption, the presidency said on Thursday. The cabinet decided on Wednesday to appoint the committee to deal with the allegations associated with SA’s…
6 Aug 2020 1PM 3 min

Cabinet to send dagga bill to parliament

Cabinet has approved the bill regulating the private use of cannabis and setting the limit of the quantity that may be possessed by an individual. It criminalises the smoking of cannabis in public places. Justice minister Ronald Lamola on Thursday said the Cannabis for Private Purposes Bill would now be…
6 Aug 2020 1PM 2 min

EDITORIAL: Give investors more say on executive pay

With about 24% of Pick n Pay shareholders expressing dissent on the company’s executive pay report at an annual shareholder meeting this week, the food retailer narrowly avoided triggering a JSE rule that would require it to take steps to address their concerns. Other than shining an unforgiving spotlight on…
6 Aug 2020 12PM 3 min

New York sues to have NRA dissolved due to ‘fraud and abuse’

New York — New York is seeking to dissolve the National Rifle Association (NRA) as the state attorney-general accuses the gun rights group and four senior officials of engaging in a huge fraud against donors. A sprawling lawsuit filed on Thursday in state court in Manhattan alleges the NRA diverted…
6 Aug 2020 12PM 4 min

Fear about vaccine safety rises as race to develop Covid-19 shot gains speed

Brussels/London — The frenetic race to develop a Covid-19 vaccine has intensified safety concerns about an inoculation, prompting governments and drugmakers to raise awareness to ensure their efforts to beat the coronavirus are not derailed by public distrust. There are more than 200 Covid-19 vaccine candidates in development globally, including…
6 Aug 2020 12PM 5 min

Busisiwe Mkhwebane’s credibility and conduct again questioned in court

Busisiwe Mkhwebane's credibility and conduct was once again called into question during a court application to have her report on the so-called rogue unit at the SA Revenue Service (Sars), which allegedly spied on politicians, set aside. On Thursday, the high court in Pretoria heard arguments in the application brought…
6 Aug 2020 11AM 3 min

WHO urges African nations to participate in Covid-19 vaccine trials

The World Health Organisation (WHO) in Africa has urged the continent to participate in Covid-19 vaccine trials, saying it was vital these products were tested in the countries that needed them to ensure they were effective. A vaccine is widely regarded as the best way to halt the spread of…
6 Aug 2020 11AM 2 min

Lower unemployment claims suggest US jobs market is improving

Washington — US applications for unemployment benefits fell more than expected last week to the lowest since the pandemic started, in a broad decline across nearly all states, suggesting the labour market is improving. Initial jobless claims in regular state programs fell by 249,000 to 1.19-million in the week ended…
6 Aug 2020 10AM 4 min

No plan yet to use negative rates, says Bank of England

London — Britain’s central bank sees no immediate case to cut interest rates below zero, it said on Thursday as it warned the economy would take longer to recover from its Covid slump than it previously forecast. Unemployment is likely to almost double by the end of this year, the…
6 Aug 2020 10AM 3 min
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