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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
560 – 580

Fita withdraws tobacco challenge after reaching settlement with government

Lobby group, Fair Trade Independent Tobacco Association (Fita) has withdrawn its legal challenge to the rationality of the ban on the sale of tobacco products during the lockdown after reaching a settlement with the government. The organisation, which represents SA’s local cigarette manufacturers, was granted permission in the Supreme Court…
26 Aug 2020 8AM 1 min

Two dead as protests over police shooting of Jacob Blake escalate

Kenosha — A third night of street protests over the police shooting of a black man erupted into gun violence late on Tuesday and early Wednesday in Kenosha, Wisconsin, killing two people and wounding one, police said. Social media videos showed chaotic scenes of people running and screaming amid a…
26 Aug 2020 7AM 3 min

How one woman’s gardening helped rebuild New Orleans

New York — New Orleans’ lower ninth ward bears plenty of scars of Hurricane Katrina that devastated the city 15 years ago — overgrown vacant lots, broken foundations where houses once stood and empty streets where people once lived. Then there’s the gardens of Jeanette Bell, plots of life she…
26 Aug 2020 7AM 4 min

SA women account for among the fewest global female business leaders

August 26 marks Women’s Equality Day, which focuses on forging a gender-equal world, celebrating women’s successes and raising awareness of historical and present bias. There’s a lot of discussion at present about women in the workplace and under-representation in industry — 5% of US ownership in the tech industry is…
26 Aug 2020 7AM 4 min

Life-threatening Hurricane Laura set to hit the US this week

New York — Hurricane Laura is poised to become a life-threatening category 4 storm before coming ashore along the Texas-Louisiana coast this week, potentially inflicting as much as $18bn in damage on the region and keeping some of America’s largest oil refineries shut for months. Laura’s winds were forecast to…
26 Aug 2020 6AM 5 min

Zimbabwe has no external support, its treasury laments

Zimbabwe is being forced into a corner by the refusal of multilateral lenders to lend the country more money as the country faces economic meltdown, according to the government’s top treasury official. “Its very difficult to run the economy without any external support,” George Guvamatanga, the finance and economic development…
26 Aug 2020 6AM 3 min

Melania Trump a lone voice of empathy at Republican convention

Washington — US First lady Melania Trump capped the second night of the Republican national convention by attempting to soften the image of her highly divisive husband, forgoing attacks on Democrat Joe Biden to focus on the ravaging toll of the coronavirus and the nation’s tortured racial history in a…
26 Aug 2020 6AM 6 min

Oil prices rise as US producers close ahead of Hurricane Laura

London — Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in US crude inventories. Renewed worries over the Covid-19 pandemic, which has…
26 Aug 2020 5AM 2 min

Gunfire at Wisconsin protest over another US police shooting

Kenosha — Three people were shot, one of them fatally, as gunfire broke out on the streets of Kenosha, Wisconsin, on the third straight night of unrest sparked by the police shooting of a black man, the New York Times reported, citing law enforcement. Social media videos posted early on…
26 Aug 2020 5AM 3 min

World stocks are up on optimism over US-China trade talks

London — Traders sold government bonds and bought stocks on Wednesday, placing riskier bets on optimism about US-China trade and expectations of ample central bank stimulus before a key speech by the US Federal Reserve chair at Jackson Hole. In early London trading, the yield on US 10-year debt rose…
26 Aug 2020 5AM 3 min

Ters payments halted, pending investigation by auditor-general

The payment of the government's Covid-19 relief scheme, which ensures workers affected by the lockdown receive much-needed money, has been halted pending an investigation by the auditor-general. Business for SA (B4SA) on Wednesday said its representatives at the National Economic Development and Labour Council (Nedlac) informed it of the suspension…
26 Aug 2020 3AM 2 min

Gold is steady amid worry over global economic outlook

Bengaluru — Gold was little changed on Wednesday, as concern over global economic outlook offset pressure from signs of progress in US-China trade negotiations, while investors await a speech from US Federal Reserve chair Jerome Powell. Spot gold was flat at $1,928.35/oz by 3.06am GMT. US gold futures rose 0.6%…
26 Aug 2020 2AM 2 min

Brent rises after US shut up shop ahead of Hurricane Laura

Singapore — Brent crude oil prices rose on Wednesday, lifted by US producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-US trade talks. But gains were capped amid renewed concern over the coronavirus pandemic, which has squeezed fuel demand,…
26 Aug 2020 2AM 2 min

Asian stocks slip away from two-year high

Singapore/Washington — Asian stocks eased from a two-year high on Wednesday, as a mixed bag of economic data had investors slightly more circumspect about the global recovery, while oil jumped to a five-month peak owing to a hurricane disrupting output in the Gulf of Mexico. MSCI’s broadest index of Asia-Pacific…
26 Aug 2020 2AM 3 min

SARAH BUITENDACH: A magazine and two songs represent the pulse of society

If you want to take the temperature of the globe, don’t bother with an infrared thermometer gun or hacking through the hard news — rather have a gander at what’s happening on the entertainment, design and arts scene. It’s here that you’ll get a real sense of what’s making blood…
25 Aug 2020 4PM 4 min

Cosatu demands Ramaphosa deal with Covid-19 ‘looters’

Union federation Cosatu is demanding that President Cyril Ramaphosa takes action against his ANC colleagues who are looting Covid-19 funds, saying writing letters on the matter is not enough to remove the scourge. Ramaphosa has used his weekly newsletter to speak out against corruption, likening those accused of graft to…
25 Aug 2020 2PM 3 min

US consumer confidence drops to six-year low ahead of election

Washington — US consumer confidence dropped in August to the lowest since 2014 as consumers soured on employment and business conditions, indicating Americans are becoming despondent amid persistently high joblessness. The Conference Board’s index decreased to 84.8, the lowest level since the pandemic began, from a revised 91.7 in the…
25 Aug 2020 2PM 2 min
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