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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
1108 – 1128

PIC appoints Sholto Dolamo as acting CIO

The Public Investment Corporation (PIC) has appointed Sholto Dolamo its acting chief investment officer (CIO) with effect from August 6. Dolamo is the executive head of research and projects development at the PIC and a member of the its executive committee. “The PIC board took a decision to reinstate several…
7 Aug 2020 7AM 1 min

Mkhwebane admits she had classified IGI report into Sars unit

Public protector Busisiwe Mkhwebane’s lawyer has confirmed to the high court that she was in possession of a classified inspector-general of intelligence (IGI) report during her investigation into the “rogue unit”, despite intimating that she had not seen it. Mkhwebane, in her final report, stated she “had it on good…
7 Aug 2020 7AM 3 min

India’s virus-hunting women strike for pay and protection

New Delhi — They helped eradicate polio in India and reduced the number of women dying during child birth. But the country’s catastrophic coronavirus outbreak, now the third-largest in the world, has pushed its all-female army of contact-tracing health workers to breaking point. After months of harassment, underpayment and lack…
7 Aug 2020 6AM 6 min

Schaeffler family fortune plummets on slow vehicle output

London — A lot can happen in two-and-a-half years. In early 2018, Georg Schaeffler became Germany’s richest person as shares of Continental, the car-part maker in which he and his mother — Maria-Elisabeth Schaeffler-Thumann — own a major stake, surged in price. At the time, their combined fortune totalled $35bn…
7 Aug 2020 6AM 3 min

Global equities under pressure amid rising US-China tension

London — World stocks ended four days of gains on Friday after US President Donald Trump cranked up simmering tension with China by banning US transactions with two popular Chinese apps, Tencent’s WeChat and ByteDance’s TikTok. Chinese stocks led losers in Asia and its currency slumped after Trump issued the…
7 Aug 2020 5AM 2 min

Oil dips as Covid-19 numbers likely to slow demand recovery

London — Oil dipped to about $45 a barrel on Friday on worries that a demand recovery would slow due to a resurgence of coronavirus cases, though a pledge from oil cartel Opec member Iraq to cut oil output further in August lent support. The resurgence of infections remains a…
7 Aug 2020 5AM 2 min

North Korea hit by floods amid Covid-19 and food shortage

Seoul — North Korean leader Kim Jong Un inspected a rural area hit by flooding as torrential rains threaten to wipe out farmland and deal another blow to a virus-damaged economy set for its biggest contraction in more than two decades. Kim visited Unpha county, about 60km south of the…
7 Aug 2020 5AM 2 min

Covid-19 has left us virtually exhausted

The digital revolution may be convenient and cost-effective, but are we all in danger of online overload, asks Rayner Canning, business development director at the University of Cape Town’s Graduate School of Business (GSB). Everyone meets onscreen these days. Whether it’s boardroom discussions, client meetings, or executive education and MBA…
7 Aug 2020 4AM 4 min

Twitter to label state backed media accounts to create more transparency

San Francisco — Twitter has begun labelling some state-backed media accounts, as well as accounts belonging to “key government officials” for certain countries, to create more transparency when governments and their leaders use the social-media platform to discuss important geopolitical issues, the company said on Thursday. The new policy will…
7 Aug 2020 4AM 2 min

Gold hits new high on soaring Covid-19 cases

Bengaluru — Gold smashed a record high on Friday as a safety rush fuelled by the worsening coronavirus pandemic and its mounting economic toll gathered pace and put bullion on track for its longest weekly winning streak in nearly a decade. Spot gold was up 0.3% at $2,069.78/oz by 3.08am…
7 Aug 2020 2AM 2 min

US ban of TikTok weighs on Asian markets

Tokyo — Asian shares tumbled on Friday after US President Donald Trump ratcheted up already heightened tension with Beijing by banning US transactions with China’s tech giant Tencent as well as ByteDance, the owner of video-sharing app TikTok. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 1% and Hong…
7 Aug 2020 2AM 4 min

Oil prices slide on demand uncertainty

Melbourne — Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the US on a new stimulus deal. US West Texas Intermediate (WTI) crude futures slipped 2c…
7 Aug 2020 1AM 2 min

JSE may feel Naspers pressure on Friday as Trump moves against Tencent

The JSE may feel pressure on Friday morning with Asian markets under severe pressure after the White House moved to ban US companies from doing business with WeChat owner Tencent and ByteDance, the owner of the TikTok app. The White House cited national security concerns as it effectively barred the…
7 Aug 2020 1AM 1 min

SHIRLEY DE VILLIERS: Trump, ‘the Covid comorbidity’

No-one likes to say, “I told you so”. Least of all during a pandemic. But you’d forgive Atlantic science journalist Ed Yong a touch of schadenfreude as he watches the feckless Donald Trump fumble the US’s Covid-19 response. In December 2016, a month before Trump’s inauguration as US president, Yong…
6 Aug 2020 5PM 6 min

BRUCE WHITFIELD: Why SAB and Heineken are hopping mad

The announcement by the country’s two biggest brewers that they will cancel R11bn in capital expenditure should come as no surprise to the government which, despite mounting evidence of the economically destructive impact of the liquor ban, continues to outlaw the sale of alcohol. The government is showing no sign…
6 Aug 2020 4PM 4 min

Ohio governor Mike DeWine tests positive for Covid-19 before Trump’s visit

Cleveland — Governor Mike DeWine, a Republican who has aggressively pushed public-health measures for Ohio, has tested positive for Covid-19. DeWine said in a statement that he took the test in preparation for greeting President Donald Trump on the tarmac in Cleveland, where the president is visiting on Thursday. The…
6 Aug 2020 4PM 1 min

Trump threatens executive order amid US stimulus talks stalemate

Washington — President Donald Trump said he expected to sign orders on Friday or Saturday extending enhanced unemployment benefits and imposing a payroll-tax holiday as legislators have been unable to reach agreement on stimulus legislation that includes those measures. Trump, speaking to reporters on Thursday before leaving on a trip…
6 Aug 2020 4PM 3 min

Zimbabwean activist and journalist Hopewell Chin’ono denied bail

Harare — Zimbabwe's high court on Thursday denied bail to Hopewell Chin’ono, a journalist who was arrested in July for supporting antigovernment protests, in a case that has sparked an outcry over muzzling of the press. Hopewell Chin'ono, a freelance journalist and critic of the government, was charged with inciting…
6 Aug 2020 3PM 2 min
1108 – 1128