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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
908 – 928

BREAKING NEWS: SA moves to level 2 as alcohol and tobacco bans are lifted

Lockdown regulations will ease from Tuesday, removing almost all restrictions on the economy and seeing bans on the sale of tobacco products and alcohol lifted. Provincial borders will also reopen. On Saturday night, President Cyril Ramaphosa announced that the country would move to level 2 of the risk-adjusted strategy from…
15 Aug 2020 3PM 3 min

How many promises on immigration has Donald Trump kept?

Los Angeles — US President Donald Trump took a hard line on immigration in the 2016 election, making it his signature campaign issue. Now, as he runs for re-election, he is highlighting the promises he says he kept and warning that his Democratic challenger, Joe Biden, will roll them back…
15 Aug 2020 2AM 4 min

Pandemic purchases in the US reveal a surprisingly mixed bag

One of the more striking features of the pandemic is the inequity of the pain it has inflicted. It has disproportionately affected black and Latino communities. More than 16-million Americans are unemployed, nearly triple February’s levels, but investors in the S&P’s 500 Index are back in the green for the…
15 Aug 2020 2AM 9 min

Europe’s summer madness as the virus creates travel chaos

Edinburgh — If this summer was supposed to offer hope that coronavirus was under control in Europe, spikes in cases across the continent and ensuing travel chaos have given governments a worrying reality check. From France to Ukraine, the number of positive tests for Covid-19 is rising sharply as more…
15 Aug 2020 2AM 4 min

We are not there yet, says Mkhize on a possible Covid-19 surge

Although there has been a notable decline in the number of new Covid-19 cases recently, SA is not yet past the surge in infections, health minister Dr Zweli Mkhize said on Friday. He was welcoming the World Health Organisation’s (WHO’s) “surge team”, brought into the country to assist in the…
14 Aug 2020 4PM 3 min

Cash-strapped Tshwane agrees to pay workers R300m in salary benchmarking agreement

The Tshwane metro, which houses SA’s administrative capital, has bowed to pressure again from unions, implementing an agreement that will put its employees’ wages on par with those of other top municipalities in the country. This is despite protestations by city administrator Mpho Nawa that such increases could lead to…
14 Aug 2020 3PM 3 min

Crime in June quarter markedly lower — thanks to the lockdown

Crime in April to June quarter was significantly lower than the previous quarter, with marked declines in contact crimes, police minister Bheki Cele said on Friday. “We will not claim easy victories. The conditions were completely different. As they change, life will be tougher. We will work hard and not…
14 Aug 2020 3PM 2 min

Trump is not entitled to extra protection from subpoena, says top US prosecutor

New York — In a court filing on Friday, the Manhattan district attorney said US President Donald Trump was not entitled to greater protection from a grand-jury subpoena for his tax returns just because he was president. District attorney Cyrus Vance was responding to an argument by Trump's lawyers that…
14 Aug 2020 12PM 1 min

US seizes four Iranian petrol shipments en route to Venezuela, it says

Washington — The US said on Friday it had seized four Iranian fuel shipments en route to Venezuela and confiscated the cargoes, disrupting a key supply line for both Tehran and Caracas as they defied US sanctions. “With the assistance of foreign partners, this seized property is now in US…
14 Aug 2020 11AM 1 min

Vietnam to buy up to 150-million doses of Russian Covid-19 vaccine

Hanoi — Vietnam has registered to buy a Russian Covid-19 vaccine, state television reported on Friday, as it fights a new outbreak after going several months with no local cases. Russia said on Wednesday it would roll out the world’s first Covid-19 vaccine within two weeks, rejecting the concerns of…
14 Aug 2020 11AM 2 min

Chinese wary of frozen food imports as virus found on some foods

Beijing/Shanghai — Chinese shoppers have expressed dismay at news that traces of the coronavirus had been found on imported frozen food, with some saying they would avoid the products. On Thursday, two cities in China found the virus on frozen chicken wings imported from Brazil and shrimp from Ecuador, raising…
14 Aug 2020 7AM 1 min

Who will pay for the Mauritius oil spill?

Tokyo — A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation of Mauritius on July 25, spilling about 1,000 tonnes of fuel oil and triggering a state of “environmental emergency”. Scientists say the spill is the country’s worst ecological disaster, killing wildlife and damaging pristine…
14 Aug 2020 7AM 4 min

Chinese tech exposes disconnect between buyers and sellers

Even if China’s consumers are still willing to buy some products, companies lack confidence to shell out cash marketing to them. Take a look at Baidu, which just reported second-quarter numbers. The results were bad, but more than anything they highlight how this disconnect is playing out in the technology…
14 Aug 2020 5AM 2 min

Global shares dip on US stimulus delay and weak Chinese data

London/Tokyo — Global shares dipped on Friday after lacklustre Chinese economic data and worries about a delay in US fiscal stimulus discouraged some investors from taking on risk. European shares were also dragged lower by a hit to travel stocks after Britain added more European countries to its quarantine list…
14 Aug 2020 5AM 3 min

Historians agree UK is loathe to address own role in transatlantic slave trade

London — The images went everywhere: angry demonstrators in the 1,000-year-old British city of Bristol toppled the statue of an 18th century slave trader and heaved it into the Avon. As curator at Britain’s only museum dedicated to slavery, Jean-Francois Manicom wasn’t surprised the 125-year-old monument was caught up in…
14 Aug 2020 5AM 5 min

Oil gives up weekly gains on doubt about demand recovery

London — Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply. Two prominent forecasters, the International Energy Agency and Opec, trimmed their 2020 oil demand forecasts this week. Opec and…
14 Aug 2020 4AM 1 min

Forced isolation the proven way to cut Covid-19 transmission

Beijing/Sydney — Flare-ups from Australia to Japan show the world has not learnt an early lesson from the coronavirus crisis: to stop the spread, those with mild or symptom-free coronavirus infections must be forced to isolate, both from their communities and family. In Australia, where Victoria state has been reporting…
14 Aug 2020 4AM 6 min

Oil inches higher as US demand improves

Tokyo — Oil prices were higher on Friday and on track for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies worldwide. Brent crude was up 14c, or 0.3%, at $45.10 by 5.50am GMT,…
14 Aug 2020 2AM 1 min

Underground trade on the rise as speakeasies take off in dry SA

In an Italian bistro in an upmarket Johannesburg neighbourhood, smiling patrons chat at candlelit tables in a scene reminiscent of less-troubled times before the Covid-19 pandemic. But there is no alcohol on the menu. Instead, diners order red or white “coffee” served in grey mugs, the telltale sign of a…
14 Aug 2020 2AM 4 min
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