7 things you need to know
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
Bullion producer Gold Fields said on Friday it had sold its 9.9 percent interest in ASX-listed Gold Road Resources for A$126.3 million or US$85.5 million.
Tensions between Old Mutual and its axed chief executive Peter Moyo heightened further when the company yesterday moved to sack him for the second time in two months, despite a court ruling ordering for his reinstatement.
Twelve young entrepreneurs from across Africa have been named as finalists in the inaugural $100,000 Generation Africa GoGettaz 'agripreneur' competition to select two innovative ventures in the agri-food sector.
Clothing apparel and homeware retailer Mr Price shares tumbled 13.70percent to close at R151.46 on the JSE yesterday, wiping off billions after the group reported a weak trading update for the four months to end August 3 on constrained consumer spending in the country.
The South African currency was basically unchanged yesterday, in step with a steady USD, as currency traders sat on the side lines according to NKC Research.
The financial woes facing embattled mobile operator Cell C mounted on Thursday after rating agency S&P Global Ratings lowered the company's rating to default.
Pay-TV service provider MultiChoice is set to face a strike on Friday at its customer care call centres and the walk-in centres led by union Information Communication Technology (ICTU).
BUSINESS REPORT ONLINE