The Gautrain. Photo: Chris Collingridge/ANA Archives

Good morning. This is all the latest business news that you need to know today.

1. Rand gains ground against the dollar

 The rand gained ground against the dollar on Friday, as the greenback slid on trade woes and as local sentiment was boosted after China pledged to invest billions in South Africa and SA Reserve Bank (Sarb) governor Lesetja Kganyago signaled that the country would narrowly escape a recession

2. SABS chief executive has been suspended

SA Bureau of Standards (SABS) chief executive Boni Mehlomakulu has been suspended by the co-administrators of the bureau. 

3. Zimbabwe elections, economy and the South African role

 Zimbabweans take to the polls this morning saddled with chilling reminders of life under a hyper-inflationary economy but carrying hopes that the new government they will elect will speedily fix their lives and bring back food on the table through increased investment inflows, good policies and cordial relations with other countries.

4. Investec Property Fund to have joint CEOs

 Investec Property Fund has announced changes in the company's leadership roles that will be effective from December 1st, 2018. 

5. Durban Coffee Week to empower young people

Durban has played host to the inaugural Creative Coffee Week that has turned the city into a coffee hub. 

From the 26th of July, coffee professionals have been converging at the Durban promenade and the Point waterfront. 

6.#GautrainStrike: Commuters urged to use alternative transport

Gautrain users have been urged to use alternative transport as only the Centurion, Sandton and Park stations will be open as its employees embark on a wage strike on Monday.

7.Durban Mayor at centre of multimillion-rand tender stink

 A stinking multimillion-rand tender-rigging allegation has surfaced, which has eThekwini mayor Zandile Gumede as the main wheeler-dealer.

- BUSINESS REPORT ONLINE