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Daily English South Africa Business News · News
12,931 Episodes
660 – 680

Why SA’s nuclear mix should include pebble bed modular technology

The Integrated Resource Plan (IRP) 2019 advocates “a diversified energy mix that reduces reliance on a single or a few primary energy sources”. It proposes immediate commencement with a small-scale nuclear build programme to meet 2,500MW by 2030, at a pace, scale and cost affordable to the country. To date,…
23 Aug 2020 5PM 4 min

Joe Biden has not been tested for Covid-19 as campaigning intensifies

New York — Democratic presidential nominee Joe Biden has not been tested for coronavirus, a top aide said on Sunday, days after Biden vowed he would shut the US down if necessary to bring the virus under control. “He has not been tested,” Kate Bedingfield, deputy manager for Biden’s presidential…
23 Aug 2020 4PM 2 min

How currency reduces portfolio risk as a diversifier

From the Hungarian forint to the Chilean peso, currencies can be a valuable partner in managing investments. Currencies offer a source of diversification. The oil-heavy Norwegian krone, for instance, behaves differently to the industry-based Swiss franc, and they each behave differently to the US dollar. When things are tough in…
23 Aug 2020 2PM 5 min

Ramaphosa takes a stand on corruption in letter to ANC members

President Cyril Ramaphosa took the unprecedented step on Sunday of writing directly to the ANC’s more than a million members promising them that the party will take steps to deal with corruption. The move indicates how severely stung Ramaphosa has been by latest corruption revelations, which have exposed high-profile ANC…
23 Aug 2020 2PM 5 min

Cause of Navalny illness may be unknown for days, aide says

Moscow/Berlin — Alexei Navalny, the Russian anti-corruption campaigner who has been in a coma since Thursday, is being examined at a German hospital and it may be days before officials can confirm or reject accusations that he was poisoned. Navalny was in a “very critical” but stable condition, according to…
23 Aug 2020 2PM 5 min

EU’s Phil Hogan apologises but will not resign over Covid-19 golf dinner

Dublin — European trade commissioner Phil Hogan apologised again on Sunday for attending a golf dinner in Ireland that may have breached Covid-19 regulations, but an EU official said he would not heed calls from Irish leaders to resign. “The commissioner is not resigning,” said the official, who is close…
23 Aug 2020 1PM 2 min

Government shunned proper statistical tools to tackle pandemic

Well-formulated scientific tools exist for tackling complex problems such as the Covid-19 pandemic that include all role players in society. However, rather than a holistic, scientifically based, inclusive plan for the pandemic, the government focused on models that gave uncertain and alarmist projections of loss of life and attached too…
23 Aug 2020 1PM 5 min

Covid-19 pandemic slows fight for women’s rights

The Covid-19 pandemic has set women back even further as many who work in labour-intensive, low-income sectors have been hit the hardest by lockdown and economic stoppages. A recent article by Facebook COO Sheryl Sandberg drew attention to the “double-double shift” Covid-19 is imposing on women. Sandberg said women play…
23 Aug 2020 1PM 5 min

BLOOMBERG: Brexit challenges for Boris Johnson

You might think UK Prime Minister Boris Johnson — coping unimpressively with the Covid-19 pandemic and related disasters — has enough to worry about. But there’s also the small matter of Brexit. To remind, this involves the complete upheaval of Britain’s trading arrangements a little more than four months from…
23 Aug 2020 1PM 2 min

US joins Taiwan to mark anniversary of battle with China

Kinmen, Taiwan — Amid rising tensions with Beijing, the de facto US ambassador in Chinese-claimed Taiwan took part on Sunday for the first time in commemorations of a military clash and the last time Taiwanese forces joined battle with China on a large scale. China has stepped up military activity…
23 Aug 2020 12PM 2 min

Mediators’ meeting with Mali’s coup leaders lasts just 20 minutes

Bamako/London — A key meeting on Saturday between Mali’s coup leaders and mediators from West Africa’s regional bloc seeking a return to civilian rule ended after just 20 minutes. Tuesday’s overthrow of Mali president Ibrahim Boubacar Keita has been condemned abroad but celebrated by many in a country battling an…
23 Aug 2020 12PM 3 min

EDITORIAL: Costly commissions seldom get to the heart of the matter

A year after the report of the commission of inquiry into the multibillion-rand arms deal was reviewed and set aside in its entirety, nothing has happened. Almost exactly a year ago the high court in Pretoria, thanks to dogged litigation by Right2Know and Corruption Watch, struck down the report which…
23 Aug 2020 12PM 3 min

Tito Mboweni slams dismissal of Zambian central banker

SA finance minister Tito Mboweni is sharply critical of the shock dismissal by Zambian President Edgar Lungu of the country’s central bank governor, Denny Kalyalya. Mboweni, himself a former governor of the Reserve Bank, regards the independence of the central bank as sacrosanct. SA Reserve Bank governor Lesetja Kganyago has…
23 Aug 2020 11AM 3 min

EU and Britain blame each other for slow progress on Brexit deal

Britain and the EU made scant progress towards a deal on future ties in talks last week, and their chief negotiators blamed each other for the stalemate as time ticks down to an end-of-year deadline. “Those who were hoping for negotiations to move swiftly forward this week will have been…
23 Aug 2020 10AM 3 min

Nehawu to continue with rolling protests over personal protective equipment

Workers in the public health-care sector will continue picketing on Monday leading up to a full-blown strike over management’s decision to freeze salaries and to draw attention to the risks its members face from Covid-19. The National Education, Health and Allied Workers’ Union (Nehawu), SA’s third-largest public-sector union, which represents…
23 Aug 2020 10AM 3 min

Health department seeks to speed up work visas

As the state battles to tackle the shortages of skilled staff brought about by the Covid-19 pandemic, the government is looking to fast track the issuing of work visas to foreign health professionals and expedite their registration to allow them to practise in the country. SA has an acute shortage…
23 Aug 2020 10AM 3 min

No joy for US post official Louis DeJoy, who denies trying to thwart voting by mail

Washington — US postmaster-general Louis DeJoy said there’s been no attempt by President Donald Trump or his administration to interfere with Postal Service operations to thwart voting by mail, as he defended his management of the agency. DeJoy called allegations that cutbacks at the post office are aimed at having…
22 Aug 2020 4AM 5 min

Response to a new epidemic must not displace responses to older ones

Since the start of the Covid-19 outbreak, reports from the UNAids country offices in the eastern and southern African region trickle in every day on the loss of livelihoods and the resulting food insecurity and general deprivation in the region, especially among the millions of people who make a living…
22 Aug 2020 1AM 6 min

Hong Kong security law ‘safeguards rights and freedoms’

On June 30, one day before the 23rd anniversary of Hong Kong’s return to China, the standing committee of the National People’s Congress (NPC) adopted the Law of the People’s Republic of China on Safeguarding National Security in Hong Kong Special Administrative Region (KHSAR). This law is now added to…
22 Aug 2020 1AM 6 min
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