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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
608 – 628

Court again denies bail to man charged under Hong Kong security law

Hong Kong — A Hong Kong court has again denied bail to the first person charged with inciting separatism and terrorism under a new national security law in the Chinese-ruled city. Tong Ying-kit, 23, had carried a sign reading “Liberate Hong Kong, revolution of our times”, and drove his motorbike…
25 Aug 2020 3AM 1 min

New mindset needed for investment strategies

In this new global economic paradigm investors and shareholders have no choice but to rethink their approach to wealth retention and growth. Risk as we know it has moved to a completely different dimension, while investment philosophy is changing with a greater emphasis on responsibility empathy and values. The Treasury…
25 Aug 2020 3AM 4 min

Oil prices mixed as storms hit US Gulf output

Singapore — Crude oil prices were mixed on Tuesday as traders weighed huge production cuts in the US Gulf Coast from tropical storms Marco and Laura against rising coronavirus cases in Asia and Europe. Brent crude oil futures added 9c, or 0.2%, to $45.22 a barrel by 4.20am GMT, while…
25 Aug 2020 2AM 2 min

US-Sino trade optimism lifts Asian markets

Singapore/Hong Kong — Asia’s stock markets were mostly higher on Tuesday as investors cheered signs of progress in US-China trade negotiations and following a fresh Wall Street rally. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.32% to its highest since early January and sits just a fraction below…
25 Aug 2020 2AM 3 min

LEBOGANG MOKOENA: A political sequel with the same ending

They are coming. Soon, they will be all over our roads, our televisions and on the radio. They will walk in to our homes and our places of work. They’ll even call on us to share their regurgitated doctrine. They will kiss babies, hug the elderly, sell hope to the…
25 Aug 2020 2AM 3 min

RAZINA MUNSHI: Will rogue ANC members be sent to the naughty corner?

Many critics have dismissed Cyril Ramaphosa’s seven page letter to ANC ( members, calling out the corrupt among them, as simple lip service. South Africans seems to have shrugged it off as a cosmetic move that does nothing to mask the role the ruling party played in entrenching corruption and…
25 Aug 2020 1AM 4 min

Gold price moves up slightly as dollar drops back

Bengaluru — Gold edged higher on Tuesday as the dollar dipped, with investors awaiting US Federal Reserve chair Jerome Powell’s speech later this week, while a rally in equity markets limited bullion’s advance. Spot gold was up 0.2% to $1,935.88 an ounce by 3.35am GMT. US gold futures gained 0.1%…
25 Aug 2020 1AM 2 min

JSE faces mixed Asian markets on Tuesday

The JSE will contend with mixed Asian markets on Tuesday morning, after a boost on Monday by hopes for a viable Covid-19 treatment and that a vaccine is on the way. US and Chinese officials have conducted talks by phone over a partial trade deal signed in January, while markets…
25 Aug 2020 1AM 1 min

New York attorney-general probes whether Trump company manipulated asset values

New York — The New York state attorney-general is investigating whether Donald Trump and the Trump Organization improperly manipulated the value of the US president's assets to secure loans and obtain economic and tax benefits, and said Trump's son Eric has been unco-operative in the civil probe. The disclosure was…
24 Aug 2020 5PM 3 min

Trump accuses Democrats of planning to ‘rig election’

Charlotte — President Donald Trump adopted a grim tone in remarks to Republicans who formally backed his bid for a second term on Monday, warning that he could face a “rigged election” in November. Trump repeated his claim that voting by mail, a long-standing feature of American elections that is…
24 Aug 2020 5PM 5 min

Kellyanne Conway’s departure a setback for Trump ahead of US election

Washington — Kellyanne Conway's departure from the White House comes at an inopportune time for President Donald Trump, who will be losing one of his most vocal advocates and loyal aides just months before an election expected to be close. Conway, a counsellor to the president and former campaign manager,…
24 Aug 2020 3PM 2 min

Spain’s Covid-19 cases top 400,000 after new surge

Madrid — Spain's cumulative tally of coronavirus cases hit 405,436 on Monday after a surge in infections last week, making it the worst week for infections since late March. The country's health ministry added nearly 20,000 infections for last week after revising upwards the number of cases for at least…
24 Aug 2020 3PM 2 min

US police shooting of another black man ignites more protests

New York — Police shot a black man in the back multiple times in Kenosha, Wisconsin, as his three sons watched on Sunday, his family's lawyer said, sparking a night of unrest during which protesters hurled firebombs and bricks at police. The victim, Jacob Blake, was taken to a hospital…
24 Aug 2020 2PM 2 min

Hong Kong researchers report first coronavirus reinfection

Hong Kong — A Hong Kong man who recovered from Covid-19 was infected again four-and-a-half months later in the first documented instance of human reinfection, researchers at the University of Hong Kong said on Monday. The findings indicate the disease, which has killed more than 800,000 people worldwide, may continue…
24 Aug 2020 2PM 2 min

Labour court declares planned strike at state lab unlawful

The state laboratory has obtained an order from the labour court declaring a potentially crippling strike planned for Tuesday unlawful. The National Health Laboratory Service (NHLS) provides all the diagnostic tests for patients using the public health sector, including those for Covid-19, HIV and tuberculosis. Three years ago it confronted…
24 Aug 2020 1PM 2 min

Treasury to strengthen its oversight of municipal finances

The Treasury has agreed to take a more active role in monitoring municipal finances to help bring back financial stability and address the twin problems of corruption and political interference. On Friday last week finance minister Tito Mboweni convened a meeting of his budget forum, a platform that comprises the…
24 Aug 2020 1PM 4 min

LETTER: Good governance leads to performance

Stuart Theobald is correct to call for honesty in appreciating that environmental, social and governance (ESG) strategies by investors are aimed not only at maximising financial return (“The problem with sustaining sustainability (”, August 23). The point was made even more strongly by Robert Armstrong in the Financial Times the…
24 Aug 2020 12PM 1 min
608 – 628