Good morning. This is all the latest business news that you need to know today.
The increasingly hawkish tone of the US Federal Open Market Committee (FOMC) meeting added to the rand’s woes yesterday, sending the currency to its weakest against the dollar in two weeks.
Implats yesterday added to South Africa’s economic woes, announcing that it planned to retrench 13000 employees in the next two years as part of a restructuring programme just days after information emerged that the country had shed nearly 300000 in the second quarter.
Passenger Rail Agency of South Africa (Prasa) yesterday received a stay of execution after the Railway Safety Regulator (RSR) issued it with a Temporary Safety Permit valid until the end of this month.
The Kathu Solar Park in the Northern Cape on Thursday announced it has started a salt melting process to generate electricity in the absence of solar radiation.
South Africa’s Murray & Roberts said on Thursday regulators have prohibited the construction firm from seeking a merger with rival Aveng Ltd.
AngloGold Ashanti said on Thursday that it expected production from retained operations to increase by four percent from 1.517 million ounces to 1.578 million ounces for the six months ended 30 June 2018.
Zimbabwe's President Emmerson Mnangagwa said Friday that he was "humbled" to have won the country's landmark election, hailing it as a "new beginning" after the ousting of autocrat Robert Mugabe.
- BUSINESS REPORT ONLINE