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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
848 – 868

Oil slips as producers get close to agreed output cuts

Tokyo — Oil prices slipped on Tuesday, though they mostly held on to overnight gains after Opec+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic. Brent crude was down 22c, or 0.5%,…
18 Aug 2020 1AM 1 min

Gold gains on dollar weakness

Bengaluru — Gold prices extended gains to inch closer to the $2,000 mark on Tuesday as the dollar weakened, with traders also focusing on minutes from the US Federal Reserve’s last policy meeting set to be released this week. Spot gold rose 0.2% to $1,990.13 an ounce by 3.50am GMT…
18 Aug 2020 1AM 2 min

JSE faces mostly higher Asian markets on Tuesday

The JSE faces mixed, but mostly higher, Asian markets on Tuesday morning, with sentiment given a lift by positive comments regarding a new US stimulus deal. US House speaker Nancy Pelosi signalled she was willing to negotiate over a new package, injecting hope that a political deadlock will be broken…
18 Aug 2020 1AM 1 min

Nasdaq hits record close on tech rally

New York — The Nasdaq surged to a record high close on Monday, while the S&P 500 approached its own record level, with both lifted by Nvidia and other technology stocks. The benchmark S&P 500 reached just shy of its February 19 intraday record high after testing that level for…
17 Aug 2020 5PM 3 min

Mogadishu hotel attack death toll rises to 16

Mogadishu — At least 16 people were killed on Sunday when Islamist insurgents attacked a seaside hotel in Somalia's capital Mogadishu, a government spokesperson said. Al-Shabaab militants launched a similar assault on a Somali military base on Monday in which at least five soldiers died. The toll from the hotel…
17 Aug 2020 3PM 2 min

Lukashenko jeered as thousands of workers in Belarus down tools

Minsk — Workers across Belarus went on strike and joined mass protests against long-time ruler Alexander Lukashenko, who was met with jeers and calls to resign when he visited a factory in the capital, Minsk, on Monday. Lukashenko insisted he would not step down and instead proposed changes to the…
17 Aug 2020 3PM 4 min

US tightens restrictions on Huawei’s access to chips

New York — The US commerce department announced further restrictions on Huawei Technologies aimed at cutting the Chinese company’s access to commercially available chips, the latest move in an increasingly tense relationship between the world’s two biggest economies. The changes, which the department announced in a written statement on Monday,…
17 Aug 2020 3PM 3 min

Trump administration authorises plan to drill in Arctic National Wildlife Refuge

Washington — The Trump administration on Monday authorised a sweeping plan to sell drilling rights and spur oil development in Alaska’s rugged Arctic refuge, setting up a possible auction by the end of 2020 and a political clash if the president loses the November election. The interior department’s decision approves…
17 Aug 2020 2PM 6 min

Labour seeks new review of R200bn loan scheme to benefit more businesses

The labour sector has called for another review of the R200bn loan guarantee scheme to allow more companies to benefit from the Covid-19 pandemic relief initiative and save jobs. The scheme, which forms part of the R500bn social and economic relief package announced by President Cyril Ramaphosa in April, is…
17 Aug 2020 2PM 3 min

Health care may be disrupted when Nehawu members protest on Friday

Members of the National Education, Health and Allied Workers Union (Nehawu), the third-biggest public service trade union, will apply for a day’s leave across the country on Friday and hold lunch-hour pickets in the last week of August, protesting against the shortage of staff and personal protective equipment (PPE). They…
17 Aug 2020 1PM 3 min

TOM EATON: A terribly small Big Man meets an immovable object

I can’t tell you exactly when he arrived because there is a point, somewhere between the third and fourth hour of standing in a queue, where nothing really matters any more. To be fair, it’s not even a point. By that stage time is no longer a series of moments…
17 Aug 2020 12PM 4 min

Necessity the mother of stringent prohibitions, says Nkosazana Dlamini-Zuma

The government has no desire to keep stringent prohibitions in place for longer than necessary, co-operative governance & traditional affairs minister Nkosazana Dlamini-Zuma said after the gazetting of the regulations for level 2 of the risk-adjusted strategy. From Tuesday, South Africans will once again be allowed to buy tobacco products,…
17 Aug 2020 11AM 2 min

LETTER: Marikana’s 34 miners versus 34 abakwetha minors

The needless deaths of 34 young men can trigger vengeful anger that lasts for a decade. Or casual sympathy that’s gone before the page is turned. When it comes to mortality, it’s not the count that matters but the cause. It’s not the suffering of the victims that drives the…
17 Aug 2020 10AM 3 min

Pandemic must not be allowed to erode groundbreaking work in sugar sector

As SA starts to focus on recovering from the Covid-19 pandemic, it is critical that agricultural sectors are supported in their efforts to ensure food security and provide critical rural jobs during these unprecedented times. Over the past year sugar industry stakeholders, the government and social partners have participated in…
17 Aug 2020 10AM 5 min

Central Asian migrant workers stranded in Russia

Moscow — Thousands of migrant workers from Central Asia are stuck in Russia because of travel bans, leading some to rely on money from home in a painful reversal of one of the biggest remittance flows in the world. “We’re up to our ears in debt,” said Tolib, a 26-year-old…
17 Aug 2020 10AM 3 min

UK survey points out thorns where Bank of England saw roses

London — The UK economy is likely to be smaller at the end of 2021 than it was before plunging into a record recession in 2020, according to a Bloomberg survey that casts fresh doubt on Bank of England (BOE) projections. Calculations based on the median estimate of economists polled…
17 Aug 2020 10AM 2 min

LETTER: The president must send corrupt comrades to prison

The old proverb “when the wicked rule, the people groan,” is increasingly proving true every day in President Cyril Ramaphosa’s administration. The time for talking and empty promises are over. Ramaphosa can no longer act shocked whenever he hears and knows about his own comrades and senior government officials who…
17 Aug 2020 9AM 2 min

Extraordinary times require extraordinary measures on public sector pay

The SA government remains the largest single employer in the labour market, accounting for 2,108,125 public servants at last count. Public servants are individuals who work for the state and whose main duty is associated with the welfare of the public and society at large. Their duties include providing service…
17 Aug 2020 9AM 7 min
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