Unemployment rises; Covid variants get name changes, SA's is now Beta - WHO; S&P500 CEO pay hikes

Posted on 06/01/2021

In today's headlines:
* South Africa’s official unemployment rate rose to a new high in the first quarter as the construction and trade industries shed jobs, says Statistics SA.
* The World Health Organisation has changed the way it names Covid-19 variants in an effort to de-stigmatise some countries.
* South African miner Sibanye-Stillwater says it will buy back up to 5% of its shares in the market.
* Median pay reached $13.4m for chief executives of the biggest US. companies in 2020, setting a fifth straight annual record/ in a year when businesses and their leaders battled a global pandemic, says The Wall Street Journal.