Good morning. This is all the latest business news that you need to know today.
Former deputy finance minister Jabu Moleketi has rejected claims by UDM leader Bantu Holomisa that the Public Investment Corporation (PIC) made special financial concessions to politically exposed individuals.
2. Dudu Myeni caught up in SAA web of blame
National Treasury said it will continue to investigate and find the person responsible for the SAA's financial collapse.
Dudu Myeni, a close friend of Jacob Zuma’s has largely been blamed for the mess at SAA.
3. South Africa's Eskom raises wage offer to unions - NUMSA
South Africa’s state power utility Eskom has raised its wage increase offer for this year to 6.2 percent from 4.7 percent previously, the National Union of Metalworkers of South Africa (NUMSA) said on Thursday.
4. The rand makes a slight recovery
South Africa’s rand steadied on Thursday after sliding to a new seven-month low against the dollar.
On Friday the rand was at R13.70 to the dollar, R17.97 to the pound and R15.96 to the euro.
South Africans will now be able to enjoy an amazing Lego experience with the launch of the first Lego Certified Store on July 28th in Sandton City.
7. Gold miner gets ok to fire up Obuasi
Anglo Gold Ashanti, the world’s third-largest gold mining company by production, yesterday cleared a major regulatory hurdle in its $500million (R6.77billion) investment in Ghana.
- BUSINESS REPORT ONLINE