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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
868 – 888

Facebook at centre of Indian political storm

New Delhi — Indian politicians are trading barbs over a media report that Facebook’s content policies favoured Prime Minister Narendra Modi’s party, putting the social network at the centre of a political storm in its biggest market by users. Legislators of Modi’s Bharatiya Janata Party (BJP) have accused the social…
17 Aug 2020 8AM 2 min

Belarus opposition leader Sviatlana Tsikhanouskaya calls for fair election

Minsk — Belarusian opposition politician Sviatlana Tsikhanouskaya said on Monday she was ready to lead Belarus and called for the creation of a legal mechanism to ensure that a new and fair presidential election could be held. Speaking in a video address from Lithuania, she also urged security and law…
17 Aug 2020 7AM 2 min

China pushes chicken expansion despite safety and other issues

Beijing — China’s chicken producers are pushing ahead with aggressive expansion plans despite a slump in demand due to the coronavirus, reducing reliance on imports amid recent fears about the safety of foreign meat. The world’s number two poultry producer is expected to produce a record 14.85-million tonnes of chicken…
17 Aug 2020 7AM 4 min

Oil prices stable as China gets set to ship large amount of oil

London — Oil prices steadied on Monday as news that China planned to ship large volumes of US crude in August and September countered rising tensions between the two countries and a delay in the review of their trade pact over the weekend. Brent crude was down three US cents,…
17 Aug 2020 6AM 2 min

Global shares recover as Chinese markets gain ground

London/Sydney — Shares crept back towards recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated US treasuries would be extended and perhaps take some pressure off the dollar. Europe was warming up to the new week slowly but was…
17 Aug 2020 5AM 4 min

Jacinda Ardern orders delay in New Zealand poll as new Covid-19 cases reported

Wellington — New Zealand’s prime minister postponed the country’s general election on Monday by a month to October 17 as the city of Auckland remains in lockdown due to a growing coronavirus outbreak. Jacinda Ardern bowed to pressure to delay the polls after parties complained they could not campaign with…
17 Aug 2020 5AM 3 min

Broke in Baramati as Indian middle-class dreams go up in smoke

Dutta Nagar — Until late March, Ashish Kumar was helping to make plastic boxes for Ferrero Rocher praline chocolates and the plastic spoons tucked inside Kinder Joy eggs to scoop out the milky sweet cream inside. With a diploma in plastic mould technology, the 20-year-old had a foot on his…
17 Aug 2020 4AM 7 min

California braces for more blackouts as power runs low amid heatwave

San Francisco/Los Angeles — California is bracing for another round of targeted blackouts on Monday as a heatwave continues to smother the region and power supplies run low. While the state’s grid operator said no outages were planned for Sunday night — sparing the region a third consecutive night of…
17 Aug 2020 4AM 4 min

Indian ban on arms imports shot down as ineffectual in boosting local industry

New Delhi — India’s move to ban the import of certain weapon systems will do little to boost local manufacturing and is sowing uncertainty while the South Asian nation is trying to ramp up defences on its restive borders with China and Pakistan, analysts say. Prime Minister Narendra Modi’s administration…
17 Aug 2020 3AM 2 min

Denel names Talib Sadik as acting CEO

State-owned arms manufacturer Denel has appointed independent non-executive director Talib Sadik as acting CEO with immediate effect. The group has been struggling to pay salaries in 2020. Former CEO Danie du Toit departed on Friday after less than two years in the post. The search for a new CEO continues,…
17 Aug 2020 2AM 1 min

Asian shares rise as investors eye effect of sell-off in US Treasuries on dollar

Sydney — Asian shares firmed towards recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated US Treasuries would extend and maybe take some pressure off the beleaguered dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5% to…
17 Aug 2020 1AM 4 min

Gold slips before release of Fed minutes

Bengaluru — Gold eased on Monday, extending a sell-off that left the market with its worst week in five months as caution crept in ahead of the release of US Federal Reserve minutes later this week. Spot gold was down 0.2% to $1,940.73 per ounce by 4.58am. Gold fell 4.5%…
17 Aug 2020 1AM 2 min

Oil edges higher as China increases US crude imports

Singapore — Oil prices rose on Monday as China’s plans to ship in large volumes of US crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Brent crude added 30c, or 0.7%, to $45.10 a barrel by…
17 Aug 2020 1AM 2 min

JSE faces mostly positive Asian markets on Monday

The JSE faces mixed, but mostly higher Asian markets on Monday morning, and may get a lift from the prospect of SA’s move to level 2 lockdown on Tuesday. The lifting of bans on alcohol and tobacco sales, as well as the activity of bars and restaurants may help improve…
17 Aug 2020 1AM 1 min

How the labour law protects new mothers

Pregnant employees are strongly protected under South African law. There are no fewer than six pieces of legislation that require employers to treat pregnant and post-pregnant employees with the greatest of care. One of these pieces of legislation is the Code of good practice on pregnancy and after birth (…
16 Aug 2020 6PM 3 min

ROB ROSE: Don’t think it’s the end of the nanny state

If you think President Cyril Ramaphosa’s decision to lift the ban on cigarettes and alcohol from tomorrow means an abrupt end of the nanny state, you’re likely to be sorely disappointed. This, at least, is the impression you get by reading the legal papers filed by government leaders, notably cooperative…
16 Aug 2020 5PM 5 min

Democrats call Trump’s postal chief to testify on cutbacks ahead of election

Washington — Top Democrats in the US Congress on Sunday called on President Donald Trump's appointed postmaster general to testify in August on changes that have stoked fears they are aimed at holding up mail-in ballots ahead of the November election. The US Postal Service's internal watchdog has begun investigating…
16 Aug 2020 4PM 3 min

India sends team to Mauritius as stranded oil tanker breaks apart

India has sent technical equipment and a team of specialists to Mauritius to help local authorities deal with an environmental crisis after an oil spill from a Japanese ship, a government official said on Sunday. A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation on…
16 Aug 2020 4PM 2 min
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