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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
708 – 728

Angela Merkel warns Europe against reimposing lockdowns ‘at any cost’

Paris— German Chancellor Angela Merkel called on European leaders to work together to avoid reimposing lockdowns as a resurgence of the coronavirus threatens already battered economies. “Politically, we want to avoid closing borders again at any cost, but that assumes that we act in co-ordination,” Merkel said on Thursday during…
20 Aug 2020 3PM 2 min

Former Republican CIA and FBI officials form 70-strong group to endorse Biden

Los Angeles — More than 70 former Republican national security officials including CIA and FBI chiefs will endorse Democratic presidential candidate Joe Biden on Friday while launching a scathing indictment of President Donald Trump, calling him corrupt and unfit to serve. The group, called Former Republican National Security Officials for…
20 Aug 2020 3PM 3 min

Iran seizes UAE ship and its crew after clash at sea

Dubai — Iran seized a United Arab Emirates-registered ship violating its territorial waters this week, Iran's foreign ministry said on Thursday, adding that UAE coastguards killed two Iranian fishermen on the same day. Tensions have risen between the two countries, which face each other across the Gulf, since last week's…
20 Aug 2020 3PM 1 min

Government considers risk allowance for health-care workers

Health minister Zweli Mkhize is considering a union proposal to incentivise health-care workers at the front line of the fight against Covid-19, as they prepare to embark on rolling mass protests across the country from Friday. Zola Saphetha, general secretary of National Education, Health and Allied Workers’ Union (Nehawu), said…
20 Aug 2020 2PM 2 min

EDITORIAL: SA laws lagging in cybercrime fight

Just over a month after the law governing the protection of personal data came into force, South Africans were rattled by one of the biggest data breaches when Experian, one of the world’s top credit bureaus, became the latest cyber attack victim. The hack of Experian’s SA division exposed the…
20 Aug 2020 1PM 4 min

ECB uncertain about economic outlook but will know more in September

Frankfurt — European Central Bank (ECB) policymakers expressed uncertainty at their latest policy meeting about the economic outlook and the extent to which they’ll have to deploy monetary stimulus. The account of their July session showed officials were reluctant to draw conclusions from early signs of economic recovery after pandemic…
20 Aug 2020 12PM 2 min

Consumer debt owed to municipalities soars to R191bn

The debt owed to municipalities by ratepayers soared to R191bn at the end of the past financial year, with collection of the bulk seen as unrealistic, says a Treasury report on local government finances. SA’s already ailing municipalities have been hit hard by a national lockdown imposed to combat the…
20 Aug 2020 12PM 2 min

US jobless claims rise unexpectedly to above 1-million mark

New York — The number of Americans filing a new claim for unemployment benefits rose unexpectedly back above the 1-million mark last week, a setback for a struggling US job market crippled by the coronavirus pandemic. Initial claims for state unemployment benefits rose to a seasonally adjusted 1.106-million for the…
20 Aug 2020 11AM 2 min

Zimbabwe summons Vatican envoy to explain Catholic bishops’ criticism

Zimbabwe’s government has sought a meeting with the Vatican representative to understand whether Catholic bishops who accused it of human rights abuses and cracking down on critics were speaking on behalf of the Holy See. Justice minister Ziyambi Ziyambi on Wednesday described a pastoral letter written by the Zimbabwe Catholic…
20 Aug 2020 11AM 1 min

The state needs to see the wine industry as a national treasure

Covid-19 has left the SA wine industry in a state of chaos. Radical action is necessary to prevent long-term retardation. The multi-pronged agenda of the government’s alcohol ban needs a counterbalance to address the severe demand shortfall and its far-reaching effects. The following is a way forward, using the international…
20 Aug 2020 11AM 5 min

GENEVIEVE QUINTAL: Ramaphosa’s promise of a cleaner ANC is a joke

“Ethical and moral leadership, in both the public and private sector, will be critical if our collective fight against corruption is to succeed.” These were the words of the ANC national executive committee (NEC) on August 4 after reports of corruption related to Covid-19 procurement, which implicated some of its…
20 Aug 2020 11AM 4 min

Russia to start phase 3 Covid-19 vaccine trials on 40,000 people

Moscow — Mass testing of Russia’s first potential Covid-19 vaccine to get domestic regulatory approval will involve more than 40,000 people and will be overseen by a foreign research body when it starts next week, backers of the project said on Thursday. These were the first details on the shape…
20 Aug 2020 11AM 4 min

Alan Winde asks Cape residents to support local business as Covid-19 eases

As the Western Cape’s coronavirus epidemic shows continued signs of easing, premier Alan Winde urged locals to venture out and support local businesses hard hit by the economic fall out of the disease. His comments come two days after the government moved the country to alert level 2, easing most…
20 Aug 2020 11AM 2 min

Former Donald Trump campaign CEO Steve Bannon arrested for fraud

New York — Stephen Bannon, one of the architects of Donald Trump’s presidential campaign, has been arrested over his involvement in an online fundraising group that raised more than $25m to help fund a wall on the US-Mexico border. Despite portraying We Build the Wall as a volunteer organisation, Bannon…
20 Aug 2020 10AM 1 min

LETTER: Denel an albatross around taxpayers’ neck

Terry Crawford-Browne is correct in saying that Denel is unfixable and should be liquidated. (“Denel is unfixable and Business Day should know it”, August 18). The postapartheid government was unrealistically optimistic in believing Denel would become a profitable arms exporter. For most of its existence this state-owned enterprise has been…
20 Aug 2020 10AM 1 min

LETTER: Black leadership is what matters to black lives

As members of a multiracial nation with a racist history, most South Africans should recognise the national importance of continuously and determinedly fostering racial harmony among our citizens. Racism in any form will destroy the prospects of our citizens living in peace and prosperity with one another. If the slogans,…
20 Aug 2020 10AM 1 min

David Mabuza skips Q&A session but is ‘not in ICU’, spokesperson says

Deputy President David Mabuza is neither “incapacitated” nor lying in a sick bed in an intensive care unit, but is merely heeding medical advice by staying away from question-and-answer sessions with MPs in parliament, his parliamentary counsellor, Hope Papo, said Thursday. Papo, an ANC MP, told a meeting of the…
20 Aug 2020 9AM 2 min

LETTER: Slap in the face

The deployment of embattled former eThekwini mayor Zandile Gumede as an ANC member of the provincial legislature in KwaZulu-Natal is a slap in the face of the people of the province. It shows that Luthuli House is in tatters; the centre is not holding. She and others of her ilk…
20 Aug 2020 9AM 1 min
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