File image: IOL.

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. 

2. Ramaphosa feeling the pressure

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.

3. ‘Afreximbank investment to spur industrialisation’

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).

4. Luxury leather items cater to the whims of the upper class

 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.

5. Sanral awards R1.65bn tender for longest cable-stayed bridge

 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. 

6. Gold wage talks deadlock again between Sibanye and Amcu

Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday.

7. City of Cape Town sells R144m land for R1.8m

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