Ex-CEO fo Steinhoff, Markus Jooste, has agreed to appear under oath before parliament – but with conditions. Photo: David Harrison/African News Agency (ANA)

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

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Former Steinhoff chief executive Markus Jooste has been given a week’s reprieve to appear and testify under oath before four parliamentary committees following an agreement reached at court yesterday.

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Business Report can today reveal that embattled Grant Thornton Johannesburg chief executive Paul Badrick is back at work after he was cleared of the sexual harassment allegations laid against him.

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The expropriation of land without compensation debate has resulted in a significant slump in demand for affordable housing, with many aspirant homeowners believing they would be getting homes for free. 

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The contentious nuclear energy issue reared its head again yesterday when Energy Minister Jeff Radebe released the updated Integrated Resource Plan (IRP) for public input for a period of 60 days.

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South African building materials retailer Cashbuild reported a 9 percent decline in annual profit on Tuesday due to higher costs and weak consumer demand, sending its shares tumbling more than 4 percent.

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The UK IS planning an outlay of £8 billion (R146.36bn) in Africa in the next four years and South Africa has set its sights on being the biggest beneficiary of the investments.  

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Counterfeit goods and expired food have been confiscated during raids with health practitioners warning communities from consuming such items.

- BUSINESS REPORT ONLINE