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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
580 – 600

De Lille under pressure to step down

Public works minister Patricia De Lille is facing renewed calls to step down following damning findings by the National Treasury and the Special Investigating Unit (SIU) detailing the irregular procurement process for the construction of a R40m fence at the Beitbridge border. The findings, presented to parliament’s public finance watchdog…
25 Aug 2020 2PM 3 min

German economy contracts 9.7% in pandemic-hit second quarter

Berlin — The German economy contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports all collapsed at the height of the Covid-19 pandemic, the statistics office said on Tuesday. The economic slump was stronger than during the financial crisis more than a decade…
25 Aug 2020 1PM 3 min

Insurers leave hospitality sector in the lurch by declining lockdown claims

Businesses have been hit hard by the Covid-19 crisis lockdown and the fear many people about using services seen to carry a high risk of infection. While information on the pandemic accumulated rapidly by March, there was still significant uncertainty about areas conducive to rapid transmission, necessitating a cautious early…
25 Aug 2020 12PM 7 min

Sub-Saharan Africa needs to up its game to stem falling tax revenue

There has been extraordinary political progress in sub-Saharan Africa in the past 30 years, along with steady economic growth. Yet there still remains a need to improve tax collections. Even though governments have allocated more resources to the process, revenue from taxation is shrinking instead of growing, both in real…
25 Aug 2020 11AM 5 min

Tshwane freezes salaries of 7,000 unverified municipal workers

The cash-strapped City of Tshwane is withholding the salaries of close to a third of its staff pending the completion of a vetting process aimed at removing ghost employees from its payroll. Tshwane, like other municipalities across SA, is in a precarious financial position due to declining revenue collection as…
25 Aug 2020 10AM 3 min

THE GUARDIAN: Name the firms that got state-backed Covid-19 loans

The UK public have a right to know who the recipients of £50bn of government-backed coronavirus loans are. By not releasing details of the 1.2-million businesses that accessed cheap, guaranteed state funding, ministers are leaving the government open to accusations that it has something to hide. This charge is easier…
25 Aug 2020 10AM 2 min

Gauteng legislature wants David Makhura to report on Covid-19 food parcel corruption

The Gauteng provincial legislature wants premier David Makhura to submit a report about alleged corruption related to Covid-19 food parcels. In a full sitting of the house‚ the provincial legislature adopted a budget vote report. The document‚ among other things‚ calls for Makhura to present a report to the legislature…
25 Aug 2020 10AM 1 min

SA revokes directive for power ships to generate emergency electricity

The government has revoked an approval for Turkey’s Karpowership to set up emergency power in SA without the required environmental permits, the department of environment, forestry and fisheries said on Tuesday. The department said in a statement it had withdrawn a section 30A directive granted to the company. Under the…
25 Aug 2020 9AM 1 min

Russia says Germany rushed to Alexei Navalny poisoning diagnosis

Moscow — The Kremlin said on Tuesday it saw no need, for now, to investigate the circumstances leading up to opposition politician Alexei Navalny’s grave illness and that a German clinic’s initial diagnosis of poisoning is not yet conclusive. German Chancellor Angela Merkel on Monday called on Russia to investigate…
25 Aug 2020 9AM 2 min

Fibre operators muscling out internet service providers

For most city dwellers living in a Covid-19 world, waking hours are increasingly spent online for activities related to work, school, shopping, leisure or life in general. More consumers need good internet connectivity at home, and for more reasons than before. We have a long way to go to ensure…
25 Aug 2020 9AM 4 min

EOH government contract under forensic probe

A forensic audit is underway into a R400m irregular contract with JSE-listed software company EOH for the design of an identification system for the department of home affairs. Auditing firm Nexia SAB&T was appointed in May to investigate the entire tender process for the design and roll out of an…
25 Aug 2020 7AM 3 min

R100m auction of Bosasa assets was unauthorised, court rules

The high court in Johannesburg has declared that any auction of assets of the six African Global Operations companies‚ formerly known as Bosasa‚ which were in liquidation before the second meeting of creditors, is prohibited. In a judgment passed electronically on Monday‚ the court held that any sale while such…
25 Aug 2020 7AM 2 min

Big brands nurture nature as business demands sustainability

Barcelona — From helping Mongolia’s goat herders produce cashmere more efficiently to counting insects on “biodiversity plots” planted on farms, some of the world’s biggest brands are blazing a trail with innovative efforts to nurture nature. Sustainability researchers say businesses have shown a surge of interest in limiting the harm…
25 Aug 2020 7AM 7 min

Facebook to challenge block on anti-Thai monarchy group

Bangkok/Singapore — Facebook said it’s preparing to legally challenge the Thai government’s request to block access to a private group critical of the monarchy. Thailand’s government blocked the “royalist marketplace” group — a page with more than 1-million members that discusses the country’s royal family — as the administration continues…
25 Aug 2020 6AM 2 min
580 – 600