Zimbabwe's President Emmerson Mnangagwa attends the World Economic Forum (WEF) annual meeting in Davos. Photo: file

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

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Old Mutual Limited (OML) will return R46.8 billion to its shareholders after the unbundling of Nedbank from Old Mutual. 

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A $1.4 billion fiscal deficit in the first half of the current year is the biggest economic challenge confronting Zimbabwe’s newly inaugurated leader, Emerson Mnangagwa, who, according to economists and analysts, has to hit the ground running to lift the country’s low productivity and lay down conducive policies to attract investors.

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The murky relationship between consulting firms and state entities once more reared its ugly head at the SA Revenue Services (SARS) inquiry with Bain and Company’s appointed to draft the ill-fated restructuring plan seemingly done underhanded. 

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South Africa’s economy has received a further body blow after recording the largest trade balance deficit since January in July with a trade gap of R4.6 billion.

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 About 99 percent consensus had been reached with the automotive industry about the new master plan that would replace the current Automotive Production and Development Programme (APDP) from 2020 and run through to 2035.

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After weeks of uncertainty about the Road Accident Benefit Scheme Bill, which the Department of Transport has proposed to replace the current fault-based Road Accident Fund, Treasury has announced it will finance the scheme after all.

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 At a time when South Africa's hospitals are faced with critical staff shortages which impact on the health-care system, some intern and community service doctors remain unemployed

- BUSINESS REPORT ONLINE