The City of Cape Town has announced that from October it will lower water restrictions and tariffs to Level 5 following good rainfall that has seen dam levels rise to about 70 percent full. Picture: Henk Kruger/African News Agency.

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

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The Metrorail system in Cape Town is in jeopardy as the Passenger Rail Agency of South Africa (Prasa) fails to pay to protect rail commuters. 

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MAS Real Estate, the commercial property investor and developer listed on the JSE and the Euro-MTF market of the Luxembourg Stock Exchange, grew distributions a share by 30 percent to €7.61 (R133.80) in the year to June from €5.85 in the previous year. 

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A quality service cannot be delivered without having the right staff no matter how “fancy” the hotel.

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Ominia Holdings’ indirect subsidiary, Omnia Fertilizer, has agreed to pay an administrative penalty of R30 million to the Competition Act. 

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 Bain & Company has announced that its managing partner Vittorio Massone has stepped down and Tiaan Moolman – a long-serving member of the Bain partnership – will step in to run the South African operations in the interim.

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The headlines announcing that South Africa entered into a recession will squeeze consumer pockets due to its effect on the rand exchange. 

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The City of Cape Town has announced that from October it will lower water restrictions and tariffs to Level 5 following good rainfall that has seen dam levels rise to about 70 percent full.

- BUSINESS REPORT ONLINE