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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.

This audio is produced directly from the text article.
Daily English South Africa Business News · News
12,931 Episodes
1028 – 1048

Stock picks — Visa and Coronation

Mia Kruger from Kruger International chose Visa as her stock pick of the day and Nick Crail from Ashburton Investments chose Coronation Fund Managers. Kruger said ( “I’m going for Visa, it’s lagging behind Mastercard and is one of the two largest payment networks in the world. Both of them…
12 Aug 2020 4AM 1 min

SA could move to level 2 this week to save Covid-weakened economy

The country could move to lockdown level 2 this week if cabinet accepts a recommendation from directors-general to open more sectors of the economy. A forum made up of directors-general of national departments (Fosad)‚ met on Sunday and resolved to recommend to the National Coronavirus Command Council (NCCC) that almost…
12 Aug 2020 3AM 2 min

How Covid-19 might increase risk of memory loss and cognitive decline

Of all frightening ways that the SARS-COV-2 virus affects the body, one of the more insidious is the effect of Covid-19 on the brain. It is now clear that many patients suffering from Covid-19 exhibit neurological symptoms, from loss of smell, to delirium, to an increased risk of stroke. There…
12 Aug 2020 2AM 7 min

Gold sinks below $1,900 on stronger dollar

Bengaluru — Gold fell below the $1,900/oz level on Wednesday as a resurgent dollar prompted investors to reassess their positions after a record-breaking price rally. Spot gold declined as much as 2% to an almost three-week low of $1,872.19, resuming its free fall after a brief hiatus in early trade…
12 Aug 2020 1AM 2 min

Oil remains close to five-month high

Singapore/Sydney — Oil held a loss — but remained near a five-month high — as an industry report pointing to another drop in US crude stockpiles was overshadowed by the coronavirus and a lack of progress on US stimulus talks. Futures in New York were steady near $42 a barrel…
12 Aug 2020 1AM 2 min

Uncertainty around US stimulus puts pressure on Asian stocks

Tokyo/Boston — Asian stocks dipped on Wednesday on the growing uncertainty over whether the US legislators would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus. The hope of vaccine development, however, prompted some investors to reduce safe-haven assets such…
12 Aug 2020 1AM 4 min

JSE faces mostly weaker Asian markets on Wednesday

The JSE faces weaker Asian markets on Wednesday, with some focus on US politics, amid an apparent deadlock over a Covid-19 stimulus package. National Australia Bank analyst Rodrigo Catril said in a note that there is the hope that US politicians will look to restart negotiations on a new fiscal…
12 Aug 2020 1AM 1 min

Joe Biden announces Kamala Harris as White House running mate

Washington — Democratic presidential candidate Joe Biden on Tuesday tapped senator Kamala Harris as his choice for vice-president, making her the first black woman on a major party presidential ticket in US history and providing him with a partner well suited to go on the attack against Republican President Donald…
11 Aug 2020 5PM 5 min

ALLAN GREENBLO: IMF loan could spark a seismic shift in SA’s politics

Whenever this ANC government announces an initiative, it’s quickly followed by incredulity. Not without good reason: it’s a scepticism provoked by long experience of promises designed to deceive, or policies destined to fail. Why should this time of Covid-19 be any different? Well, there is potentially one reason: SA’s choices…
11 Aug 2020 4PM 7 min

SARAH BUITENDACH: Where to find the best global news, right now

Every morning, I roll over in bed, grab my phone, check my horror show of an inbox, read a couple of morning mailers like this one, and then open the New York Times app. I do their Spelling Bee, and then read about all kinds of things I didn’t know…
11 Aug 2020 4PM 4 min

Fed’s Barkin warns US economy faces ‘sinkhole’ as recovery slows

Washington — The US economy has lost momentum in recent weeks because of a resurgence of the coronavirus and that may call for more sustained fiscal support to cushion the blow, a senior US central banker said. “We thought the economy faced a pothole and stimulus put a plate over…
11 Aug 2020 4PM 2 min

Mauritius to seek compensation after oil spill off its coast

Mauritius is seeking compensation from the owners of the cargo carrier that run aground and spilt oil off its coast, causing the island’s worst ever ecological disaster. More than half of about 1,000 tonnes of fuel that leaked from the MV Wakashio has yet to be removed from the sea…
11 Aug 2020 4PM 2 min

Unions demand labour representation on new railway regulator’s board

Trade unions have called on transport minister Fikile Mbalula to review his decision to appoint a new board for the Railway Safety Regulator (RSR) without labour representation, despite a standing resolution to include them. The unions say this decision will make it hard for workers to keep the board in…
11 Aug 2020 2PM 2 min

New Zealand locks down Auckland after new Covid cases found

Wellington — New Zealand announced on Tuesday it was shutting down its largest city, Auckland, after four new cases of Covid-19 were discovered in the city, the first evidence of domestic transmission after being coronavirus-free for 102 days. New Zealand's successful fight against Covid-19 was hailed globally and the Pacific…
11 Aug 2020 2PM 3 min

Everyone associated with Zuma is painted as corrupt, says Des van Rooyen

Des van Rooyen, the minister with the shortest stint at the National Treasury, opened his testimony at the state capture inquiry with a 20-minute political speech on Tuesday. He requested the commission to expand its terms of reference to look into the influence of “white monopoly capital” on the SA…
11 Aug 2020 1PM 2 min

Gold’s record highs come to an abrupt halt

New York — The huge rally that pushed gold to record highs above $2,000 an ounce has come to an abrupt halt, with the safe-haven metal heading for its biggest drop in seven years after bond yields spiked higher. US treasuries and European bond yields climbed, cutting into the negative…
11 Aug 2020 12PM 2 min

Wall Street heads for pre-Covid peak

Bengaluru — The S&P 500 closed in on its February peak on Tuesday, returning to levels last seen before the onset of the coronavirus crisis that caused one of Wall Street's most dramatic crashes in history. The benchmark index was about half a percent below the all-time high it hit…
11 Aug 2020 12PM 3 min

LETTER: Equity sell-side analysts need to be more dynamic

As an equity sell-side analyst I perform “fundamental” research into a listed company’s business prospects to determine whether its stock is mispriced. This information is used by asset managers to enable more efficient allocation of funds to those businesses that are likely to outperform in the long term. I often…
11 Aug 2020 12PM 2 min
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