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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
400 – 420

Asian shares inch higher after upbeat Chinese data

Sydney/New York — Asian stocks edged higher on Tuesday after strong readings on China’s vast manufacturing sector offset the weak lead from a softer Wall Street session. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2%, to regain some ground it had lost on Monday. The Hang Seng index…
1 Sep 2020 2AM 4 min

RAZINA MUNSHI: The police seem to like their lockdown power a little too much

The lockdown is as good as over. But does this mean South Africans can relax in the embrace of a return to civil liberties? Last week’s tragic killing of 16 year-old Nathaniel Julies in the Gauteng suburb of Eldorado Park doesn’t inspire confidence. Of course, excessive policing did not just…
1 Sep 2020 1AM 5 min

Stage 2 load-shedding to resume at noon on Tuesday

Stage 2 load-shedding will resume from midday on Tuesday following the breakdown of additional units overnight, and constraints on the system are expected to persist for the rest of the week. Ten generation units at seven power stations suffered breakdowns in the past 48 hours, the power utility said. Generators…
1 Sep 2020 1AM 1 min

Biden accuses Trump of stoking violence in US cities

Pittsburgh — Democratic presidential candidate Joe Biden on Monday called for rioters and looters to be prosecuted, and slammed President Donald Trump for stoking violence in American cities gripped by protests over police brutality and racial inequality. Biden's speech in battleground state Pennsylvania was his most forceful counter yet to…
31 Aug 2020 5PM 3 min

Small-scale farmers reject R1.2bn government relief package as too small

While the agricultural sector escaped some of the strictest Covid-19 lockdown regulations as it is regarded as an essential service, small-scale farmers have spurned the government's R1.2bn relief package that was set aside to assist them as too little. The small-scale farmers are the second business grouping to express dissatisfaction…
31 Aug 2020 4PM 5 min

EDITORIAL: JSE can’t please everyone, but new rules do not go far enough

With more than R3-trillion invested in the JSE’s debt capital market, there’s no question that investors such as Futuregrowth would demand stiffer protection rules. While the JSE has built a solid reputation for its regulatory safeguards for equity investors, it has come short in protecting investors in companies’ listed debt…
31 Aug 2020 2PM 3 min

Government flouts its own laws on worker benefits, says Cosatu

The government, which is tasked with formulating and implementing legislation that provides for sound labour relations, is transgressing the laws it is meant to uphold, labour federation Cosatu said on Monday. Cosatu said the departments of public service & administration and employment & labour, together with the Treasury, are refusing…
31 Aug 2020 1PM 2 min

Switching to green economy a holistic shift across entire society

Industrial policy has been at the heart of most countries’ public policy in one form or the other for centuries. The global financial crisis and now the Covid-19 pandemic have led governments to introduce big economic stimulus packages that include support to domestic industry, highlighting once more the importance of…
31 Aug 2020 1PM 7 min

US releases declassified diplomatic cables on arms pledges to Taiwan

Taipei — The US released Reagan-era diplomatic cables on Monday that underscore Washington’s commitment to Taiwan’s future being determined free of coercion from China. The cables, which were released Monday on the website of the American Institute in Taiwan, the de facto US embassy in Taipei, make clear that increased…
31 Aug 2020 12PM 1 min

Lebanon names new prime minister under pressure from France

Beirut — Lebanese leaders named diplomat Mustapha Adib as the new prime minister on Monday under pressure from French President Emmanuel Macron who will visit Beirut to press for reforms aimed at dragging the Middle East nation out of a financial abyss. With its economy devastated by a financial crisis,…
31 Aug 2020 12PM 4 min

ANC officials charged with graft must step aside

The ANC's national executive committee (NEC) decided at a weekend meeting that party officials formally charged with corruption and other serious crimes must step aside from their posts, President Cyril Ramaphosa said on Monday. The ANC has been buffeted in recent weeks by reports of graft during the coronavirus crisis,…
31 Aug 2020 12PM 1 min

India accuses China of ‘provocation’ after latest Himalayan border clash

New Delhi — India and China relations have entered a critical new phase after fresh conflict along their disputed Himalayan border, after multiple rounds of high-level military talks failed to end the months-long standoff. The defence ministry in New Delhi said on Monday its soldiers were able to stop a…
31 Aug 2020 11AM 3 min

Rwanda arrests ‘Hotel Rwanda’ inspiration Paul Rusesabagina for terrorism

Rwandan police detained Paul Rusesabagina, a former hotel manager who sheltered hundreds of people during the 1994 genocide and whose story was later adopted by Hollywood, on terrorism allegations. Rusesabagina, portrayed as a hero in the Oscar-nominated 2004 movie “Hotel Rwanda”, was shown to the media in handcuffs at the…
31 Aug 2020 11AM 1 min

Historic flight takes Israeli and US officials to UAE

Abu Dhabi — Top aides to US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrived in the United Arab Emirates (UAE) on a historic flight from Tel Aviv on Monday, to finalise a pact marking open relations between the Gulf power and Israel. Even before discussions start in…
31 Aug 2020 11AM 3 min

Out of the Covid-19 crisis we might see opportunities savvy investment

Recently published statistics by the Companies and Intellectual Property Commission (CIPC) reflect 157 new filings for business rescue in the period April to August. These have affected the public sector (four), the private sector (122) and close corporations (31). The busiest regions for filings have been Gauteng (44%), Western Cape…
31 Aug 2020 11AM 7 min

Diesel price to fall 21c a litre as petrol lifts 1c

Motorists will pay 1c a litre more for all grades of petrol from Wednesday September 2, but owners of diesel vehicles will enjoy a 21c a litre saving, the Central Energy Fund (CEF) announced today. The wholesale price of illuminating paraffin will decrease by 26c a litre. The petrol price…
31 Aug 2020 11AM 2 min

LETTER: Private sector CEOs’ obscene pay sets bad example

Congratulations to Allan Seccombe for his article (“Bliksem! CEO pay is still going through the roof after more than doubling in a decade (”, August 27). It is important for journalists to highlight the immorality of a system that creates such obscene inequality. Since its inception the SA gold mining…
31 Aug 2020 10AM 1 min
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