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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
648 – 668

Luck starts running out for butcher who became gambling billionaire

Vienna — Billionaire Johann Graf has never had to fight on so many fronts simultaneously. The ordinary-man’s gambling company, Novomatic, the 73-year-old Austrian butcher-turned-tycoon created four decades ago, is raking in smaller profits as the pandemic drives people away from slot machines in casinos from Las Vegas to Macau. His…
24 Aug 2020 3AM 9 min

Oil holds its ground in face of approaching storms and concerns over fuel demand

Singapore — Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region’s oil production, though prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns. Brent futures slipped 2c, or 0.1%, to $44.33 a…
24 Aug 2020 1AM 2 min

Asian stocks keep rising on hopes over coronavirus treatment

Sydney — Asian shares advanced for a second consecutive session on Monday, underpinned by coronavirus hopes after the US Food & Drug Administration (FDA) authorised the use of blood plasma from recovered patients as a treatment option. The announcement from the US FDA of a so-called “emergency use authorisation” came…
24 Aug 2020 1AM 3 min

Gold loses ground as investors regain appetite for risk

Bengaluru — Gold prices fell on Monday as risk sentiment improved after the US drug regulator authorised the use of blood plasma from recovered Covid-19 patients as a treatment option, and the dollar held firm. Spot gold was down 0.3% to $1,934.13 per ounce by 5.17am after hitting a one-week…
24 Aug 2020 1AM 2 min

ROB ROSE: Like it or not, SA lurches towards IMF

Mteto Nyati, CEO of technology company Altron, has never shied away from speaking his mind. Still, his declaration this weekend that “the ANC has gone past its sell-by date ... it is time for change” was brave, given how vindictive the governing party tends to be towards business leaders who…
24 Aug 2020 1AM 7 min

Covid-19 treatment hopes may boost JSE on Monday

The JSE may take its lead from firmer Asian markets on Monday morning, with sentiment lifted by positive news on the Covid-19 front. The US has authorised a treatment for Covid-19 patients using blood plasma, while there are further hopes a vaccine will be approved in coming months. Covid-19 cases…
24 Aug 2020 1AM 1 min

US FDA authorises blood plasma to treat Covid-19

Washington — The Trump administration authorised emergency approval of a new coronavirus therapeutic treatment and is reportedly considering fast-tracking a vaccine developed in Britain, the day before the start of the Republican National Convention. The US Food & Drug Administration (FDA) on Sunday said it had authorised the use of…
23 Aug 2020 5PM 2 min

Why SA’s nuclear mix should include pebble bed modular technology

The Integrated Resource Plan (IRP) 2019 advocates “a diversified energy mix that reduces reliance on a single or a few primary energy sources”. It proposes immediate commencement with a small-scale nuclear build programme to meet 2,500MW by 2030, at a pace, scale and cost affordable to the country. To date,…
23 Aug 2020 5PM 4 min

Joe Biden has not been tested for Covid-19 as campaigning intensifies

New York — Democratic presidential nominee Joe Biden has not been tested for coronavirus, a top aide said on Sunday, days after Biden vowed he would shut the US down if necessary to bring the virus under control. “He has not been tested,” Kate Bedingfield, deputy manager for Biden’s presidential…
23 Aug 2020 4PM 2 min

How currency reduces portfolio risk as a diversifier

From the Hungarian forint to the Chilean peso, currencies can be a valuable partner in managing investments. Currencies offer a source of diversification. The oil-heavy Norwegian krone, for instance, behaves differently to the industry-based Swiss franc, and they each behave differently to the US dollar. When things are tough in…
23 Aug 2020 2PM 5 min

Ramaphosa takes a stand on corruption in letter to ANC members

President Cyril Ramaphosa took the unprecedented step on Sunday of writing directly to the ANC’s more than a million members promising them that the party will take steps to deal with corruption. The move indicates how severely stung Ramaphosa has been by latest corruption revelations, which have exposed high-profile ANC…
23 Aug 2020 2PM 5 min

Cause of Navalny illness may be unknown for days, aide says

Moscow/Berlin — Alexei Navalny, the Russian anti-corruption campaigner who has been in a coma since Thursday, is being examined at a German hospital and it may be days before officials can confirm or reject accusations that he was poisoned. Navalny was in a “very critical” but stable condition, according to…
23 Aug 2020 2PM 5 min

EU’s Phil Hogan apologises but will not resign over Covid-19 golf dinner

Dublin — European trade commissioner Phil Hogan apologised again on Sunday for attending a golf dinner in Ireland that may have breached Covid-19 regulations, but an EU official said he would not heed calls from Irish leaders to resign. “The commissioner is not resigning,” said the official, who is close…
23 Aug 2020 1PM 2 min

Government shunned proper statistical tools to tackle pandemic

Well-formulated scientific tools exist for tackling complex problems such as the Covid-19 pandemic that include all role players in society. However, rather than a holistic, scientifically based, inclusive plan for the pandemic, the government focused on models that gave uncertain and alarmist projections of loss of life and attached too…
23 Aug 2020 1PM 5 min

Covid-19 pandemic slows fight for women’s rights

The Covid-19 pandemic has set women back even further as many who work in labour-intensive, low-income sectors have been hit the hardest by lockdown and economic stoppages. A recent article by Facebook COO Sheryl Sandberg drew attention to the “double-double shift” Covid-19 is imposing on women. Sandberg said women play…
23 Aug 2020 1PM 5 min
648 – 668