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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
428 – 448

Corruption accused Bongani Bongo to step aside as MP and NEC member

ANC MP Bongani Bongo will take a leave of absence from his position in parliament and the ANC national executive committee (NEC) ahead of his corruption trial. The decision is part of the outcomes of the special ANC NEC meeting to be announced by the party’s top officials on Monday…
31 Aug 2020 7AM 1 min

DEMOCRAT GAZETTE: Soap opera for digital age

Over the last few weeks President Donald Trump has let his frustration fly loose, with a number of targets, as usual. One of those targets is the popular video-sharing app TikTok. The kids love it. The Red Chinese love that the kids love it. The president hates that communist China…
31 Aug 2020 6AM 1 min

Brent rises to highest level in five months

London — Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-Covid levels in a well supplied market. Brent crude futures for November advanced to…
31 Aug 2020 6AM 2 min

Global stocks flirt with record highs

London — World stocks hovered near record highs on Monday and were set to end August with five consecutive months of gains, as investors bet on central banks keeping up the policy punchbowl for years to come. An upbeat reading on China’s service sector added to the positive mood, with…
31 Aug 2020 5AM 4 min

US expats renounce citizenship in droves, but it’s because of tax, not Trump

The swearing in of new citizens often makes news in the US, especially if it happens in unusual circumstances such as one party’s national convention. Much less reported are the many citizenship renunciations by Americans, and the travails leading up to these life decisions. Almost all those giving up their…
31 Aug 2020 4AM 5 min

Tender corruption allegations are untrue, says Zamani Saul

Northern Cape premier Zamani Saul has denied links to tender corruption related to personal protective equipment (PPE), saying the allegations were part of a pushback against his attempt to clean up the province. Saul is among President Cyril Ramaphosa’s close allies and has been particularly vocal against corruption and largesse…
31 Aug 2020 4AM 3 min

Worst famine yet stalks millions as pandemic disrupts supply chains

New York/London/São Paulo — The world is hurtling towards an unprecedented hunger crisis. As many as 132-million more people than previously projected could go hungry in 2020, and this year’s gain may be more than triple any increase this century. The pandemic is upending food supply chains, crippling economies and…
31 Aug 2020 4AM 9 min

Oil inches higher on global stimulus

Singapore — Oil prices nudged up on Monday, with Brent futures set to post a fifth consecutive monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-Covid levels in a well-supplied market. Brent crude futures for November climbed 27c, or 0.6%, to $46.08 a…
31 Aug 2020 2AM 2 min

Dishonesty does not always merit dismissal

Dishonesty has traditionally been seen as a serious offence and one that could render an employment relationship intolerable. This is because dishonesty damages the ability of the employer to trust the employee. The Code of Good Practice: Dismissal imposes a number of requirements on an employer who is contemplating dismissing…
31 Aug 2020 2AM 3 min

ROB ROSE: Of WMC and conspiracies: Zuma’s postcard from the edge

If, understandably, you’ve cooled on the idea of Cyril Ramaphosa as the messiah delivering SA from evil, you’ll still hardly be heartened by the looterati now lining up with a guillotine calling for his head. There is, at least, pleasing symmetry in the identity of those first to respond to…
31 Aug 2020 2AM 6 min

JSE may benefit from upbeat Chinese data on Monday

The JSE faces firmer Asian markets on Monday morning amid upbeat data from China that indicates continued recovery for the world’s second-largest economy. A Chinese manufacturing purchasing managers’ index was steady in August, but a gauge of non-manufacturing was at a multimonth high. “The data further reinforces the line of…
31 Aug 2020 1AM 1 min

Namibia allows international travel as it eases most Covid-19 restrictions

Windhoek — Namibia will lift lockdown restrictions, allowing international travel, schools to reopen and on-site alcohol consumption from September, President Hage Geingob has announced, but he extended an overnight curfew as Covid-19 cases continue to rise. The country of 2-million now has 6,906 confirmed Covid-19 cases and the disease is…
30 Aug 2020 4PM 1 min

EDITORIAL: ANC, leave the corrupt behind

It is time for President Cyril Ramaphosa to move on from unifying the ANC at all costs, cut his losses and work with those who are willing to do what is necessary for the party and, most importantly, the country. It is more than two years since Ramaphosa was elected…
30 Aug 2020 3PM 3 min

Recognising 100-baggers is a crowning achievement for any investor

I recently listened to a conference call by an investment manager I hold in high regard. His investment style can be best described as “high quality”. This is in contrast to the traditional “value” manager who searches for unloved stocks the market has pushed to unjustifiably low multiples of earnings…
30 Aug 2020 2PM 4 min

LETTER: Covid-19 crimes are crimes against the state and society

The recent crimes involving the direct theft of funds meant to alleviate the effects of the pandemic or overpricing through procurement, which is in effect the same thing, when perpetrated by the politically connected in collaboration with government officials, are no ordinary crimes. Unlike the run-of-the-mill economic crime, where one…
30 Aug 2020 2PM 1 min

Fatal shooting as Trump supporters and BLM protesters clash in Portland

Portland — One person was fatally shot late on Saturday in Portland, Oregon, as President Donald Trump supporters clashed with Black Lives Matters groups, reports said. A widely shared video appears to show the incident from a distance, in which two shots are fired in a small crowd. An AP…
30 Aug 2020 2PM 5 min
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