Business News

Markets were buoyed by optimism over vaccine trials, but analysts warn of ongoing China and Hong Kong feud

Investors are seizing on even the slimmest good news, and concerns about a trade war between the US and China are being sidelined for now

Both Brent and WTI are up, with Opec+ meeting in June to discuss maintaining output cuts into the second-half of the year

US biotech company Novavax says it has started human trials of its coronavirus vaccine

Investors also homed in on the world economy gradually reopening and China looking to inject stimulus domestically

Joseph Busha from JM Busha Investments and Drikus Combrinck from Capicraft talk to Business Day TV

The SA Reserve Bank warns of temporary distortions to underlying data due to Covid-19

Risk-mitigation strategies are not sufficient on their own to limit economic damage

Survey respondents report lost earnings, slashed budgets and anxiety about financial security

Jong-Dae Park, the South Korean ambassador to SA and Dr Martyn Davies, Deloitte MD for emerging markets & Africa, speak to BDTV

This will affect the release of publications from its economic statistics department, including the quarterly bulletin

Restrictions negated effects of cuts in repurchase rate on stimulating demand and production

Uber Technologies will cut around 600 jobs in India as part of its plans to lay off 23 percent of its global workforce.

US biotech company Novavax Inc has joined the race to test coronavirus vaccine candidates on humans and said it was targeting production of over a billion doses of its vaccine candidate next year.

Nike's sponsorship of record-breaking African athletes such as Caster Semenya has helped it to become the most popular brand among African consumers.

Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.

U.S. Treasury Secretary Steven Mnuchin rejected plans by the African Development Bank’s board to end an investigation into its president.

The clinical trial of malaria drug hydroxychloroquine on Covid-19 patients came to "a temporary pause" while the safety data is reviewed.

South African Airways' business rescue practitioners want their appeal against a Labour Court order to be heard urgently. The post SAA business rescue practitioners want appeal heard urgently appeared first on SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..

The dollar inched lower on Tuesday as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies, though concerns about Sino-US tensions held further moves in check. The post Dollar dips as virus recovery optimism holds appeared first on SABC News - Breaking news, special reports, world, business, sport coverage of all […]

Singapore downgraded its 2020 gross domestic product forecast for the third time as the COVID-19 pandemic batters the bellwether economy, the Trade Ministry said on Tuesday. The post Singapore cuts 2020 GDP forecast for third time on virus outbreak appeared first on SABC News - Breaking news, special reports, world, business, sport coverage of all […]

Workers at China Molybdenum’s Tenke Fungurume Mining (TFM) mine in Democratic Republic of Congo ended a one-day strike on Sunday after agreeing a compromise with management over compensation for working in isolation for two months due to COVID-19. The post Workers at China Moly’s Congo mine end one-day strike over COVID-19 appeared first on SABC […]

Nigeria’s economy grew 1.87% in the first three months of 2020 from a year earlier, the statistics office said on Monday, shrinking from the previous quarter as oil prices and international trade fell due to the coronavirus pandemic. The post Nigeria’s economy expands 1.87% year-on-year in Q1 appeared first on SABC News - Breaking news, […]

South African food producer Tiger Brands is looking to cut “significant” numbers of jobs and has scrapped its interim dividend due to supply disruptions and margin pressures linked to the coronavirus, it said on Monday. The post Tiger Brands eyes ‘significant’ job cuts on coronavirus appeared first on SABC News - Breaking news, special reports, […]

SpaceX is on course to make history on Wednesday as it launches two astronauts into space, the first time a private company has attempted to do so.

Figures and estimates show that independent power producers and corporate installations are close to generating as much electricity as one of Eskom’s modern power stations.

The scientific community’s support for South Africa’s management of the coronavirus outbreak risks being undermined by the health ministry’s harsh response to criticism from a leading expert.

Volkswagen has launched its We Connect Go “connected car” app to South Africans who own the company’s vehicles. Cars manufactured from 2008 support the technology.

Chinese technology giant Tencent Holdings will invest about R1.2-trillion over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity.

The coronavirus outbreak in China has given unprecedented glimpses into how an extensive system of surveillance cameras works.

2020 has proven to be a year of many firsts, for all the wrong reasons, resulting in much uncertainty. Presenting to clients via Zoom webinar, Alec Cutler,...

The world as we know it has changed dramatically over the last two months, with the COVID-19 pandemic and lockdown strategies causing extreme volatility on t...

As South Africans, we want our country to prosper and the quality of life for all those living within our borders to improve. Millions live in total poverty...

In this six-minute video, Orbis' president and head of the investment team, William Gray, discusses the impact of COVID-19 on the firm and the importance of...

In this seven-minute video, Orbis portfolio manager, Adam Karr, draws on lessons learned in previous market crises to discuss the current environment and som...

Markets move up and down and investment styles move in and out of favour. With value investing being on the wrong side of the trend for around 12 years,...

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