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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
568 – 588

Gunfire at Wisconsin protest over another US police shooting

Kenosha — Three people were shot, one of them fatally, as gunfire broke out on the streets of Kenosha, Wisconsin, on the third straight night of unrest sparked by the police shooting of a black man, the New York Times reported, citing law enforcement. Social media videos posted early on…
26 Aug 2020 5AM 3 min

World stocks are up on optimism over US-China trade talks

London — Traders sold government bonds and bought stocks on Wednesday, placing riskier bets on optimism about US-China trade and expectations of ample central bank stimulus before a key speech by the US Federal Reserve chair at Jackson Hole. In early London trading, the yield on US 10-year debt rose…
26 Aug 2020 5AM 3 min

Ters payments halted, pending investigation by auditor-general

The payment of the government's Covid-19 relief scheme, which ensures workers affected by the lockdown receive much-needed money, has been halted pending an investigation by the auditor-general. Business for SA (B4SA) on Wednesday said its representatives at the National Economic Development and Labour Council (Nedlac) informed it of the suspension…
26 Aug 2020 3AM 2 min

Gold is steady amid worry over global economic outlook

Bengaluru — Gold was little changed on Wednesday, as concern over global economic outlook offset pressure from signs of progress in US-China trade negotiations, while investors await a speech from US Federal Reserve chair Jerome Powell. Spot gold was flat at $1,928.35/oz by 3.06am GMT. US gold futures rose 0.6%…
26 Aug 2020 2AM 2 min

Brent rises after US shut up shop ahead of Hurricane Laura

Singapore — Brent crude oil prices rose on Wednesday, lifted by US producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-US trade talks. But gains were capped amid renewed concern over the coronavirus pandemic, which has squeezed fuel demand,…
26 Aug 2020 2AM 2 min

Asian stocks slip away from two-year high

Singapore/Washington — Asian stocks eased from a two-year high on Wednesday, as a mixed bag of economic data had investors slightly more circumspect about the global recovery, while oil jumped to a five-month peak owing to a hurricane disrupting output in the Gulf of Mexico. MSCI’s broadest index of Asia-Pacific…
26 Aug 2020 2AM 3 min

SARAH BUITENDACH: A magazine and two songs represent the pulse of society

If you want to take the temperature of the globe, don’t bother with an infrared thermometer gun or hacking through the hard news — rather have a gander at what’s happening on the entertainment, design and arts scene. It’s here that you’ll get a real sense of what’s making blood…
25 Aug 2020 4PM 4 min

Cosatu demands Ramaphosa deal with Covid-19 ‘looters’

Union federation Cosatu is demanding that President Cyril Ramaphosa takes action against his ANC colleagues who are looting Covid-19 funds, saying writing letters on the matter is not enough to remove the scourge. Ramaphosa has used his weekly newsletter to speak out against corruption, likening those accused of graft to…
25 Aug 2020 2PM 3 min

US consumer confidence drops to six-year low ahead of election

Washington — US consumer confidence dropped in August to the lowest since 2014 as consumers soured on employment and business conditions, indicating Americans are becoming despondent amid persistently high joblessness. The Conference Board’s index decreased to 84.8, the lowest level since the pandemic began, from a revised 91.7 in the…
25 Aug 2020 2PM 2 min

De Lille under pressure to step down

Public works minister Patricia De Lille is facing renewed calls to step down following damning findings by the National Treasury and the Special Investigating Unit (SIU) detailing the irregular procurement process for the construction of a R40m fence at the Beitbridge border. The findings, presented to parliament’s public finance watchdog…
25 Aug 2020 2PM 3 min

German economy contracts 9.7% in pandemic-hit second quarter

Berlin — The German economy contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports all collapsed at the height of the Covid-19 pandemic, the statistics office said on Tuesday. The economic slump was stronger than during the financial crisis more than a decade…
25 Aug 2020 1PM 3 min

Insurers leave hospitality sector in the lurch by declining lockdown claims

Businesses have been hit hard by the Covid-19 crisis lockdown and the fear many people about using services seen to carry a high risk of infection. While information on the pandemic accumulated rapidly by March, there was still significant uncertainty about areas conducive to rapid transmission, necessitating a cautious early…
25 Aug 2020 12PM 7 min

Sub-Saharan Africa needs to up its game to stem falling tax revenue

There has been extraordinary political progress in sub-Saharan Africa in the past 30 years, along with steady economic growth. Yet there still remains a need to improve tax collections. Even though governments have allocated more resources to the process, revenue from taxation is shrinking instead of growing, both in real…
25 Aug 2020 11AM 5 min
568 – 588