CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
1. President Cyril Ramaphosa to deliver plan to introduce a stimulus package today
The stimulus package is set to boost the South African economy amid a recession and increasing pressures on business and consumers. Economists and investors are hoping this could help settle markets.
Pressure is mounting on President Cyril Ramaphosa to present a stimulus package that will arrest the economy's decline after the South African Reserve Bank (Sarb) and the Organisation for Economic Co-operation and Development (OECD) yesterday both slashed the country's growth outlook.
The Public Investment Corporation (PIC) yesterday added another feather to its continental cap with a massive $100million (about R1.47billion) equity investment to African Export-Import Bank (Afreximbank).
Luxury leather goods brand Inga Atelier has set itself a target of next year to be fully internationally ready, so says its founder and creative director Inga Gubeka.
The South African National Roads Agency Limited (Sanral) announced on Thursday the awarding of the R1.65 billion tender for the second of two mega-bridges as part of the N2 Wild Coast project.
Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday.
To deliver on its social housing objectives, the City is selling a piece of prime property in Salt River to Communicare well below its market price.
– BUSINESS REPORT ONLINE