TimesLIVE Podcasts BusinessLIVE - For Your Ear

BusinessLIVE - For Your Ear

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

This audio is produced directly from the text article.
Daily English South Africa Business News · News
12,931 Episodes
780 – 800

Many US cinemas set to brush off dusty silver screens

Los Angeles — AMC Theatres and other cinema chains will fire up projectors in some major US cities this week, offering lower-priced admission, discounted popcorn and new safety measures to tempt audiences back to the movies despite the pandemic. Theatres will remain closed, however, in some of the biggest movie-going…
19 Aug 2020 9AM 2 min

ANN BERNSTEIN: Only business can lead SA out of the abyss

SA has never faced as many, as intractable and as mutually reinforcing a set of crises as it does now. Everything from poverty rates and political fractures to our catastrophic fiscal and employment crises is worse than it has ever been. We were on the road to this destination in…
19 Aug 2020 9AM 6 min

State’s R200bn loan guarantee plan at risk of becoming ‘stillborn’

The government’s R200bn Covid-19 loan guarantee scheme, which is meant to assist small businesses through the health crisis, faces the real danger of becoming stillborn and bringing the economy down with it, parliament heard on Wednesday. The government’s stringent measures to curb the spread of the coronavirus led to the…
19 Aug 2020 9AM 3 min

Joburg to implement credit controls again

Johannesburg will resume all its credit-control measures on Monday, which means it will now cut water and electricity for the non-payment of bills for those who do not make arrangements to clear their arrears with the city. The city had dropped these measures due to the economic devastation caused by…
19 Aug 2020 9AM 3 min

Treasury’s proposal will act as disincentive to unbundle, says tax expert

New proposals for the tax treatment of unbundling transactions will have a dampening effect on this form of corporate restructuring, PwC tax policy leader Kyle Mandy believes. The proposed change will make it more difficult for a company to qualify for unbundling tax relief than is currently the case and…
19 Aug 2020 8AM 4 min

US not overjoyed by postmaster Louis DeJoy’s assurances

Washington — US President Donald Trump’s postal service chief tried to neutralise complaints by suspending his operational changes, but he failed to silence accusations that he is hampering the agency’s ability to handle voting by mail. Postmaster-general Louis DeJoy’s retreat followed mounting pressure from Democrats, including an August 5 exchange…
19 Aug 2020 8AM 6 min

Mario Draghi, millennials’ unlikely financial hero

Europe’s youth have found an unlikely hero. Mario Draghi, former president of the European Central Bank (ECB), has used his first major speech since his departure from that role to underline the plight of Europe’s youngest generations. At a time of deep uncertainty about the future, and facing accusations of…
19 Aug 2020 7AM 4 min

Herewith please find my perfectly sound bid to buy TikTok

Dear investors readers In response to recent rumours, started by me, that I’m in talks to purchase the US operations of TikTok, I’d like to clarify. I am indeed interested in buying the hip, viral, short-video service. I’d also like to fly to Mars, cure cancer, or climb Mount Everest…
19 Aug 2020 5AM 3 min

Belarus’s Svetlana Tikhanovskaya asks EU to reject Alexander Lukashenko’s victory

Minsk — Belarus opposition leader Svetlana Tikhanovskaya appealed to EU leaders meeting to discuss the crisis in her country to reject the presidential election victory claimed by longtime ruler Alexander Lukashenko. “Honourable leaders of Europe, I call on you to support the awakening of Belarus,” Tikhanovskaya said on Wednesday, speaking…
19 Aug 2020 5AM 2 min

SA wildlife reserve sells game meat to stay afloat during pandemic

SA’s luxury game lodges are empty and game vehicles gather dust, with borders closed and airlines struggling due to the coronavirus crisis. For Somkhanda, a community-owned Big Five game reserve, selling game meat has thrown it a lifeline as Africa’s multi-billion-dollar safari industry unravels. The reserve normally gives away, or…
19 Aug 2020 5AM 2 min

US stocks climb to record high despite virus concern

London — European stocks edged up on Wednesday as a record high for US stocks outweighed simmering worries over a resurgence in coronavirus cases that could undermine a nascent recovery. The broad euro Stoxx 600 gained 0.1% in choppy trading, with indices from Frankfurt to London making slim gains. Among…
19 Aug 2020 5AM 3 min

Australia agrees to buy Covid-19 vaccine to be given free to citizens

Sydney/Melbourne — A new outbreak of infections in Australia's coronavirus hot zone of Victoria eased further on Wednesday, while the country agreed on a deal to secure a potential Covid-19 vaccine that it plans to roll out cost-free to citizens. Australia has signed a deal with British drugmaker AstraZeneca to…
19 Aug 2020 5AM 3 min

Gold falls below $2,000 as dollar steadies

Bengaluru — Gold fell below $2,000/oz on Wednesday after rising sharply in the previous session as the dollar steadied, while investors awaited minutes from the US Federal Reserve’s last policy meeting. Spot gold was down 0.4% at $1,993.68/oz by 2.53am GMT, after hitting a one-week high of $2,014.97 on Tuesday…
19 Aug 2020 2AM 2 min

Oil slips as traders fret about demand

Tokyo — Oil prices eased on Wednesday on the concern that US fuel demand may not recover as quickly as expected amid stalled talks on an economic stimulus package, overshadowing a bigger-than-expected drawdown in US crude stocks. With investors keeping one eye on a key producer countries’ ministerial meeting later…
19 Aug 2020 2AM 2 min

BRUCE WHITFIELD: Eight lessons Covid-19 taught SA

It’s hardly surprising that after nearly 150 days of lockdown, give or take half a year, our analysis of the government’s response to the pandemic is highly critical. The state hasn’t exactly covered itself in glory. Much of its communication has been poor, enforcement petty and application patchy. How the…
19 Aug 2020 2AM 9 min

Asian shares scale seven-month peak

Sydney — Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled record highs driven by ever-expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, up for a third consecutive…
19 Aug 2020 1AM 3 min

JSE faces subdued Asian markets amid more load-shedding

The JSE faces subdued Asian markets on Wednesday morning, with load-shedding reinstated, while Tyhpoon Higos has delayed trade in Hong Kong. The US S&P 500 pushed higher overnight, as did the tech-heavy Nasdaq, led by tech giants and large retailers. “When all was said and done though, the gains were…
19 Aug 2020 1AM 1 min
780 – 800