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Daily English South Africa Business News · News
12,931 Episodes
1068 – 1088

Public will soon be able to complain directly to NPA boss about dodgy officials

The public will soon be able to lodge complaints of improper conduct or corruption against National Prosecuting Authority (NPA) officials directly with their boss, Shamila Batohi’s office. NPA spokesperson Sipho Ngwema said on Monday that the German government has pledged about R9.5m towards this “critical drive to achieve the NPA’s…
11 Aug 2020 6AM 2 min

Russia crows about approving Covid-19 vaccine for rollout

Moscow — President Vladimir Putin said on Tuesday that Russia has become the first country in the world to grant regulatory approval to a Covid-19 vaccine after less than two months of human testing, a move hailed by Moscow as evidence of its scientific prowess. The development paves the way…
11 Aug 2020 5AM 1 min

Oil prices rise on hopes of a US stimulus

London — Crude oil prices rose on Tuesday, underpinned by expectations of a US stimulus to help jump-start the world's biggest oil consumer, a rebound in Asian demand as economies reopen and a stronger stock market. Brent crude added 29 US cents, or 0.6%, to $45.28 a barrel, by 8.19am…
11 Aug 2020 5AM 2 min

World stocks edge to 5-month high on hopes of US stimulus package

London — World stocks edged to 5.5 month highs on Tuesday, lifted by bets that a US fiscal stimulus package will be reached and by signs that China-US tensions have eased ahead of a crucial round of trade talks. While investors took cheer from an order from US President Donald…
11 Aug 2020 5AM 4 min

‘Juancarlismo’ loses its sheen as legacy of Spanish king unravels

Picking the high point of Juan Carlos I’s reign is easy. In 1981, just a few years after Spain had restored democracy and monarchy in the wake of Gen Francisco Franco’s dictatorship, the king used his authority as commander-in-chief of the armed forces to crush an attempted coup d’etat. The…
11 Aug 2020 4AM 5 min

Defiant Hong Kong tabloid fights on after owner’s arrest

Hong Kong — Hong Kong's Apple Daily tabloid responded with defiance on Tuesday to the arrest of owner Jimmy Lai under a new national security law imposed by Beijing, promising to “fight on” in a front-page headline over an image of Lai in handcuffs. Readers queued from the early hours…
11 Aug 2020 4AM 3 min

US and EU slam Belarus for police brutality

Minsk — Protesters in Belarus rallied for a second night, continuing a campaign against President Alexander Lukashenko as fraud allegations and international criticism of police crackdowns against the opposition marred his claim of a landslide election victory. “We do not recognise these results,” opposition candidate Svetlana Tikhanovskaya told reporters on…
11 Aug 2020 3AM 5 min

Why Boris Johnson is so eager to reopen UK schools

London — Prime Minister Boris Johnson’s pledge to make getting UK children back to school a “national priority” has a clear rationale — it is the only way to get their parents back to work. Parents are bearing the brunt of the economic costs of the pandemic as they were…
11 Aug 2020 3AM 2 min

Entire Lebanese government quits

Dubai — Lebanon’s prime minister confirmed the resignation of his government as an outraged public demanded accountability for last week’s explosion at Beirut’s port, the biggest peacetime catastrophe in the nation’s history. “The scope of this disaster is bigger than can be described,” Prime Minister Hassan Diab said in a…
11 Aug 2020 3AM 4 min

Gold loses ground as dollar bounces

Bengaluru — Gold fell on Tuesday as the dollar firmed after Beijing slapped sanctions on US officials in the latest flare-up in tensions between Washington and Beijing, with investors also keeping a close watch on negotiations over a US stimulus plan. Spot gold was down 0.5% to $2,017.98 an ounce…
11 Aug 2020 2AM 2 min

Oil inches higher on the hope of US stimulus

Singapore — Crude oil gained more ground on Tuesday, with prices underpinned by expectations of US stimulus and a rebound in Asian demand as economies reopen. Brent crude added 22c, or 0.5%, to $45.21 a barrel, by 4.41am GMT. West Texas Intermediate US crude rose 32c, or 0.8%, to $42.26…
11 Aug 2020 2AM 2 min

Asian shares resume their gains

Singapore/Boston — Asian stock markets rose on Tuesday on relief that another round of Sino-US sparring appears not to have spilt over into trade, while hopes for US stimulus lent support to oil and commodity currencies. MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 1%. Japan’s Nikkei…
11 Aug 2020 2AM 3 min

RAZINA MUNSHI: Covid-19: reason to hope?

On July 24, a little more than two weeks ago, SA recorded 13,944 new daily Covid-19 infections. This Sunday night, that figure fell to less than half that amount: 6,670. Weekly stats show a similar trend. Average daily infections recorded between July 10 and July 16 come in at 12,269,…
11 Aug 2020 1AM 2 min

Mindset of women too needs to change

Up to 70% of women have experienced physical and/or sexual violence from an intimate partner in their lifetime. Adding to this, the World Bank Social Development report on violence against women states that as much as 38% of femicide globally is committed by an intimate partner. In SA, a woman…
11 Aug 2020 1AM 6 min

JSE to open to firmer Asian markets on Tuesday

The JSE will reopen to firmer Asian markets on Tuesday morning, amid hopes of easing US-China trade tension, as well as hopes of further stimulus measures from the US Congress. Global markets were generally higher on Monday, while local markets were closed for Women's Day. US President Donald Trump has…
11 Aug 2020 1AM 1 min

EDITORIAL: SA’s impotence means more repression in Zimbabwe

“We note with great concern the unfolding political developments in Zimbabwe and hope that they would not lead to unconstitutional change of government. We urge all the parties to ensure that maintenance of peace and security as enshrined in their constitution is not compromised.” These words were not uttered by…
10 Aug 2020 2PM 3 min

LETTER: Letter about Pravin Gordhan was incorrect

Kudos to John Fairwell, author of an interesting but factually incorrect letter on Pravin Gordhan, now SA’s public enterprises minister (“Pravin Gordhan, architect of financial ruin, must go (”, August 4). He asserts that SA entered the 2000s with a debt-to-GDP ratio of 43%, which was reduced to 27% by…
10 Aug 2020 2PM 5 min
1068 – 1088