Good morning. This is all the latest business news that you need to know today.
1. #Madiba100: Bata South Africa to donate 2000 shoes
Today marks the 100th birthday of South Africa's late former President Nelson Mandela.
People around the world will be dedicating 67 minutes of their time towards doing something good.
To commemorate Mandela Day this year shoe company Bata South Africa have chosen to donate Toughees shoes to children that are in need across the nation.
2. Eskom tables new wage offer with minimum 7% increase
The National Union of Mineworkers (NUM) is taking Eskom's new wage offer to its members, the union said on Tuesday.
3.Buoyant consumer sentiment in latest BER data a surprise
The South African consumer confidence index shrugged off a weak economy, higher taxes and a spike in fuel prices, lifting it to near-record highs in the second quarter.
4. R2.6 billion shot in the arm for PGMs
Anglo American Platinum (Amplats) and the Public Investment Corporation (PIC) yesterday moved to revive the ailing platinum industry, investing a combined $200 million (R2.64 billion) in funds managed by AP Ventures.
5.SA youth face difficulties engaging with the labour market
South Africa's high unemployment rate indicates that young people face extreme difficulties engaging with the labour market.
This is according to Stefan du Plessis, commercial director at Eiffel Corp, a technology solutions company.
6. BRICS ambassador vows Ramaphosa’s investment target will be reached
The target set by President Cyril Ramaphosa to garner $100 billion in local and foreign investment to boost the South African economy is “modest” and would be achieved within a year, Professor Anil Sooklal said on Tuesday.
7. Snapchat is down again and users are fed up
Snapchat is down for a second time this month, according to a report and a number of Twitter users.
The app experienced a major outage last week when it crashed for a few hours.