Flash Briefing: SA virus 'major threat' to UK - warnings; Minimum wage increases will cull more jobs - DA; US stocks

Loading player...
* The South African coronavirus variant is the single biggest threat facing the UK, the Labour leader has said, amid growing calls for the country to tighten its defences against new variants, reports the Guardian.
* Health Minister Dr Zweli Mkhize revealed that South Africa recorded 1,376 new COVID-19 cases over the last 24 hours – the lowest daily increase since 16 November 2020, reports Mybroadband.co.za.
* The Democratic Alliance (DA) has warned that the above-inflation minimum wage increases gazetted yesterday by the Minister of Employment and Labour will lead to further job losses at a time when unemployment is already rampant and rising. The National Minimum Wage (NMW) has been increased by 4.5%. The minimum wages for domestic workers and farm workers have been increased by 23% and 16% respectively.
* US stocks ticked down Tuesday, suggesting that the major indexes may pause after closing at record highs. Learn more about your ad choices. Visit megaphone.fm/adchoices
9 Feb 2021 12PM English South Africa Investing · Business News

Other recent episodes

Warren Wheatley breaks his silence on his FSCA debarment

Three trades, R301 in total, and a 20-year ban from the financial sector. Warren Wheatley, the chartered accountant who helped put together the Capitec empowerment deal and went on to found Altvest, now Africa Bitcoin Corporation, broke his silence to Alec Hogg days after resigning as CEO. The FSCA says…
23 Sep 12PM 54 min

Brent Bozell on the US-South Africa breakdown

Six months after warning a Hermanus room full of business leaders that Washington's patience was wearing thin, US Ambassador Brent Bozell returned to BizNews to explain what happened next. Five asks, a 15-day deadline and a six-page reply that, in his words, answered none of them. The result: visa bans…
23 Sep 10AM 40 min

Mchunu, Mrs Matlala, Maumela, Mudzinganyama - and Meyer…

In their weekly chat, Chris Steyn and political commentator Solly Moeng talk about the second seizure of of electronic devices belonging to Special Leave Police Minister Senzo Mchunu; the arrest of tenderpreneur Cat Matlala’s wife, Tskanane; the rape case against suspended Deputy National Commissioner Shadrack Sibiya; the latest testimony at…
23 Sep 6AM 24 min