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

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* 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 9AM English South Africa Investing · Business News

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