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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
808 – 828

Unions agree to a wage-freeze in the steel and manufacturing sector

Employers in the metals and engineering sector got a reprieve from unions’ demands for higher wages after entering into an agreement to freeze wages until 2021 due to Covid-19. The National Union of Metalworkers of SA (Numsa), the largest union in the sector, said the wage-freeze agreement was brought on…
18 Aug 2020 1PM 2 min

Humanitarian crisis in Burkina Faso as 1-million flee jihadists

The number of people who have fled their homes in Burkina Faso has reached 1-million as a humanitarian crisis fueled by jihadist violence is compounded by low rainfall and Covid-19 restrictions, the Norwegian Refugee Council (NRC) said. More than 450,000 people were newly displaced this year while the Burkinabe Council…
18 Aug 2020 12PM 1 min

Ethiopia’s Abiy Ahmed replaces defence minister in cabinet reshuffle

Addis Ababa — Ethiopian Prime Minister Abiy Ahmed on Tuesday replaced the defence minister, his former ally Lemma Megersa, as part of a reshuffle ahead of elections in the divided nation in 2021. Lemma was replaced by Kenea Yadeta, the former security chief of Oromiya region, Abiy's office said on…
18 Aug 2020 12PM 2 min

Bipartisan committee confirms that Putin ordered 2016 hack of Democrats’ campaign

Washington — Russian President Vladimir Putin ordered the 2016 hacking of Democratic Party accounts and the release of e-mails intended to harm Hillary Clinton’s campaign, the US senate intelligence committee concluded in the final report of its Russia probe, which also found that President Donald Trump didn’t collude with Moscow…
18 Aug 2020 12PM 3 min

SA planning to sign up to international Covid-19 vaccine plan

The government has expressed interest in participating in the international Covax financing initiative for Covid-19 vaccines, which aims to accelerate the development of promising technologies and fairly distribute them around the world. Covax is jointly led by the World Health Organisation (WHO), the Global Access to Vaccines Initiative (Gavi) and…
18 Aug 2020 12PM 2 min

Hezbollah member found guilty of Hariri assassination

Leidschendam — A UN-backed tribunal on Tuesday convicted a member of Hezbollah of conspiring to kill former Lebanese prime minister Rafik al-Hariri in a 2005 bombing that set the stage for years of confrontation between Lebanon's political forces. Hariri, a Sunni Muslim billionaire, had close ties with the West and…
18 Aug 2020 12PM 3 min

LETTER: B4SA should explain what it means by ‘clarity’ on property rights

Business for SA’s (B4SA) proposal for post-pandemic recovery has provoked much discussion, in part because an economic strategy centred on the private sector is infinitely more credible than one built around our compromised state. But there are major blind spots that require attention. “Policy certainty is critical to attract new…
18 Aug 2020 11AM 1 min

WHO says nations that hoard vaccines will deepen the pandemic

Geneva/Manila — Nations that hoard possible Covid-19 vaccines while excluding others will deepen the pandemic, World Health Organisation (WHO) director-general Tedros Adhanom Ghebreyesus said on Tuesday, issuing a last-ditch call for countries to join a global vaccine pact. The WHO has an August 31 deadline for wealthier nations to join…
18 Aug 2020 11AM 3 min

China punishes professor who called Xi Jinping a ‘mafia boss’

Beijing — A retired Chinese professor who called President Xi Jinping a “mafia boss” and the ruling Communist Party a “political zombie” has been disciplined, according to her former employer, the latest such critic to face punishment in recent months. Cai Xia, who taught democratic politics at the Central Party…
18 Aug 2020 11AM 2 min

LETTER: Chained to an organisation that’s dragging us down the drain

I am a pensioner who has been approached by a large organisation asking for money. Here’s the thing: I have in the past given this organisation substantial amounts of my money, but all the promises it made were never met. The previous CEO has been accused of fraud and is…
18 Aug 2020 10AM 1 min

Can we create the SA we want to live in after Covid-19?

Since Cyril Ramaphosa ascended to the presidency of SA two years ago, the country has seen a wide range of economic and political developments, both positive and negative. In some cases reforms have partially borne fruit, but in other cases the country’s economic performance has deteriorated significantly and will continue…
18 Aug 2020 10AM 5 min

LETTER: President has restored confidence

President Cyril Ramaphosa addressed the nation last week under a cloud of public frustration, largely due to his team’s handling of certain lockdown regulations. In fairness, most countries are struggling to find the correct recipe to deal with the virus, and we are doing better than many countries, including a…
18 Aug 2020 10AM 1 min

LETTER: Let the private sector loose

The restrictions imposed on economic activity by the government provided the final proof of the importance of the private sector and the pre-eminent part it plays in everyone’s welfare. Through the wages and salaries it pays, through the tax it remits on which the existence of every state entity depends…
18 Aug 2020 10AM 1 min

LETTER: Denel is unfixable and Business Day should know it

It was glaringly evident 25 years ago during the Cameron commission of inquiry into Armscor that Denel (as the offspring of the apartheid era and Armscor) could never be economically viable. Armscor was revealed during that investigation to be managerially incompetent and irredeemably corrupt. Instead of immediately disbanding both Armscor…
18 Aug 2020 9AM 2 min

LETTER: Is the government above the law?

I am repeatedly amazed by the almost total failure of the government to take decisive and wide-ranging steps to stamp out the continuing corruption, mismanagement, malfeasance and widespread criminality perpetrated within its ranks. Is it believed that law enforcement and policing is only for the masses and that the government…
18 Aug 2020 9AM 1 min

NEWSDAY: Ignore Trump’s attacks on voting by mail

By now it should be clear: this will be an unusual election. Not because of the candidates involved, but because of the circumstances under which it will be held. The coronavirus pandemic has exposed the inadequacies of the US voting process, as it has with many aspects of modern life…
18 Aug 2020 9AM 2 min

Private schools ask for Covid-19 relief as parents struggle to pay fees

The organisation representing private schools in SA is appealing to the government for a special financial relief for independent schools, saying only 20% of parents are paying school fees. The strict national lockdown aimed at curbing the surge of the Covid-19 pandemic has brought put parents under pressure, with many…
18 Aug 2020 9AM 2 min
808 – 828