Good morning. This is all the latest business news that you need to know today.
Pick n Pay is raking in the profits from Zimbabwe and its partner in the struggling country is now looking to open more stores buoyed by stronger performance from its other operations across city and resort hotels as well as agro-processing.
2. Emerging markets brace for a trade-war blowout
It may be starting to sound like a broken record for emerging markets, with the twists and turns of U.S.-China trade tensions likely to dominate investor concerns this week.
3. Rising cost of living remains an issue
Solving the issue of the rising cost in South Africa is proving to be difficult as President Cyril Ramaphosa says that options are limited.
Ministers have 2 weeks to find a way to counter rising costs in South Africa. Unions have been complaining about the 15% VAT rate and rising fuel prices limiting disposable income.
Tesla Inc. and BMW AG are among the biggest potential losers from Beijing’s retaliatory tariffs on car imports from the U.S. because much of their production is centered in America.
A Johannesburg medical doctor-turned entrepreneur doesn’t regret dumping her cushy public sector job to disrupt South Africa’s high-income medical services industry.
6. South Africa’s rand extended gains on Friday
On Monday the rand was trading at R13.26 to the dollar, R17.56 to the pound and R15.50 to the euro.
A pilot project on the West Coast has helped empower 12 unemployed women through skills transfer and employment by clearing the Atlantis aquifer of invasive species.
- BUSINESS REPORT ONLINE