Flash Briefing: Covid variants get name changes, SA's is now Beta - WHO; unemployment rises; S&P500 CEO pay hikes

Loading player...
* South Africa’s official unemployment rate rose to a new high in the first quarter as the construction and trade industries shed jobs, says Statistics SA.
* The World Health Organisation has changed the way it names Covid-19 variants in an effort to de-stigmatise some countries.
* South African miner Sibanye-Stillwater says it will buy back up to 5% of its shares in the market.
* Median pay reached $13.4m for chief executives of the biggest US. companies in 2020, setting a fifth straight annual record/ in a year when businesses and their leaders battled a global pandemic, says The Wall Street Journal. Learn more about your ad choices. Visit megaphone.fm/adchoices
1 Jun 2021 10AM English South Africa Investing · Business News

Other recent episodes

Jabulani Khumalo - Threats, a R14-m ransom & the battle for MKP….

In his latest interview with Chris Steyn, the real founder of MKP, Jabulani Khumalo, reveals threats to the actual directors of the “hijacked” party over a picket to distance themselves from the human trafficking of 19 men to Russia. “…our spokesperson… got a call…a threatening call…And also, the people on…
11 Jan 6AM 18 min

Magnus Heystek: Why SA’s middle class is quietly being crushed

South Africans are being told everything is fine. Magnus Heystek says it’s a dangerous illusion. In a wide-ranging conversation with Alec Hogg, the veteran investment strategist warns that falling GDP per capita, rising taxes, weak property returns and flawed retirement structures are steadily hollowing out the middle class. From Regulation…
9 Jan 6AM 41 min