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Daily English South Africa Business News · News
12,931 Episodes
440 – 460

JSE may benefit from upbeat Chinese data on Monday

The JSE faces firmer Asian markets on Monday morning amid upbeat data from China that indicates continued recovery for the world’s second-largest economy. A Chinese manufacturing purchasing managers’ index was steady in August, but a gauge of non-manufacturing was at a multimonth high. “The data further reinforces the line of…
31 Aug 2020 1AM 1 min

Namibia allows international travel as it eases most Covid-19 restrictions

Windhoek — Namibia will lift lockdown restrictions, allowing international travel, schools to reopen and on-site alcohol consumption from September, President Hage Geingob has announced, but he extended an overnight curfew as Covid-19 cases continue to rise. The country of 2-million now has 6,906 confirmed Covid-19 cases and the disease is…
30 Aug 2020 4PM 1 min

EDITORIAL: ANC, leave the corrupt behind

It is time for President Cyril Ramaphosa to move on from unifying the ANC at all costs, cut his losses and work with those who are willing to do what is necessary for the party and, most importantly, the country. It is more than two years since Ramaphosa was elected…
30 Aug 2020 3PM 3 min

Recognising 100-baggers is a crowning achievement for any investor

I recently listened to a conference call by an investment manager I hold in high regard. His investment style can be best described as “high quality”. This is in contrast to the traditional “value” manager who searches for unloved stocks the market has pushed to unjustifiably low multiples of earnings…
30 Aug 2020 2PM 4 min

LETTER: Covid-19 crimes are crimes against the state and society

The recent crimes involving the direct theft of funds meant to alleviate the effects of the pandemic or overpricing through procurement, which is in effect the same thing, when perpetrated by the politically connected in collaboration with government officials, are no ordinary crimes. Unlike the run-of-the-mill economic crime, where one…
30 Aug 2020 2PM 1 min

Fatal shooting as Trump supporters and BLM protesters clash in Portland

Portland — One person was fatally shot late on Saturday in Portland, Oregon, as President Donald Trump supporters clashed with Black Lives Matters groups, reports said. A widely shared video appears to show the incident from a distance, in which two shots are fired in a small crowd. An AP…
30 Aug 2020 2PM 5 min

LETTER: What is the value of EL Bateman?

On September 15, shareholders of 129-year-old EL Bateman will be asked to approve its delisting from the JSE after 69 years, and minorities offered R2 a share. But even without 90% acceptance at this meeting, the resolution passed in May 2020 to authorise the sale of unissued shares could enable…
30 Aug 2020 1PM 2 min

MIAMI HERALD: Florida finally gives nod to medical marijuana edibles

In 2015 a small group of Florida department of health employees, including chief medical marijuana regulator Christian Bax and then surgeon-general Celeste Philip, hopped on a plane to Denver. They linked up with the Colorado department of public health to tour cannabis production facilities and see what a nascent marijuana…
30 Aug 2020 11AM 2 min

Economy will probably go from bad to worse before ANC engages with IMF

Growth paths are elusive as our economic debates are warped by politics, while repairing the debt trajectory requires astute restructuring and policy reforms. The IMF’s advantage is that it deciphers economic woes and governance failures dispassionately. But will the lender of last resort deem SA’s politics incorrigible? Global integration, and…
30 Aug 2020 11AM 5 min

LETTER: Flawed thinking around sustainable investing

The upheaval of life as we know it as a result of the Covid-19 pandemic has escalated calls for the application of environmental, social & governance (ESG) principles across all industries, to build a better world. This has been particularly evident in financial markets, which have seen the wreaking of…
30 Aug 2020 11AM 5 min

Cities cut carbon; the suburbs, not so much

I’m writing this at 4.30am in 69m2, shared with my gynaecologist spouse, Siri, and two kids. The timing is a necessity, thanks to the utter US failure to respond to the Covid-19 pandemic. The size was a choice. We moved from an already small apartment — small, that is, by…
30 Aug 2020 1AM 5 min

'Abenomics' era ends as premier calls it a day

Japan's Abe Shinzo said on Friday he was resigning because of poor health, ending a tenure as the country's longest-serving prime minister in which he sought to revive an economy stricken by deflation and push for a stronger military. His abrupt departure triggers a leadership battle in his Liberal Democratic…
29 Aug 2020 9AM 3 min

Here are Abe’s likely successors — but major policy changes are unlikely in Japan

Tokyo — Although Abe Shinzo has resigned over health problems, few are anticipating drastic changes from the next Japanese prime minister. His most likely successors may only tweak Tokyo’s approach to everything from China ties to monetary policy. After taking power in 2012, Abe touted unprecedented monetary easing and a…
29 Aug 2020 2AM 5 min

Covid-19 escapes detection in children unless extensive testing is done

Melbourne — Most children develop very mild SARS-CoV-2 infections that risk escaping detection unless extensive testing is done to find cases, South Korean researchers said. The Asian country used mass testing of suspected Covid-19 cases, patient isolation and contact tracing to control the pandemic virus. Still, about 70% of children…
28 Aug 2020 12PM 3 min

JACOB ZUMA: Dear Mr President...

Mr President Ramaphosa, as one of the members of the ANC, I have also received your open letter, written to all members of the ANC. This is indeed an unusual act by the leader of our movement. Given the nature and seriousness of the matters raised in your letter, I…
28 Aug 2020 11AM 15 min

KwaZulu-Natal ANC tells members facing criminal charges to step down

In what could be seen as a pre-emptive strike ahead of the ANC's national executive committee (NEC) meeting at the weekend, the party's KwaZulu-Natal provincial executive says all its members who faces criminal charges should step down from their responsibilities, both in the party and in the state. The party…
28 Aug 2020 10AM 2 min
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