CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
The weak economy and uncertainty over the government’s controversial plans to expropriate land without compensation did not stop the Land Bank from raising R1.5 billion in a bond auction this week.
The rand yesterday basked in a favourable August inflation print which surprised on the downside and eased fears that the SA Reserve Bank (Sarb) would hike interest rates today.
Phumelela Gaming and Leisure chief executive Rian du Plessis yesterday resigned, as fears mounted that the horse racing and betting group risked being tainted following the implosion of retail giant Steinhoff International.
The Pretoria North High Court yesterday provided a boost to Public Enterprises Minister Pravin Gordhan’s continuing tussle with Transnet after it dismissed as ‘rather vague’ former board member Seth Radebe’s bid to be reinstated.
FNB is partnering with various stakeholders to create more opportunities for first-time buyers own their dream homes.
The “Dagga Couple” have set their sights on a mass class action against the state, to free those who have criminal records for the possession of dagga.
The JSE yesterday moved to secure the integrity of the country’s financial markets after a torrid few months which have seen corporate scandals become the norm.
– BUSINESS REPORT ONLINE