Steinhoff’s headquarters in Stellenbosch. David Harrison

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

1. October is high-risk month for SA rand recovery

Emerging markets are rebounding from the second-quarter horror show but for South Africa’s rand, October still holds large risks.

2. Firms to join Steinhoff class action on behalf of clients

A number of the largest institutions have decided to pursue claims on behalf of their clients and funds that suffered losses as a result of the collapse in the share price of global retailer Steinhoff.

3. EXCLUSIVE: GroCapital leaps to Reserve Bank's defence

GroCapital Holdings has leaped to the defence of the Prudential Authority (PA) at the Reserve Bank over allegations of matching-making during its acquisition of the SA Bank of Athens.  

4. Upswing in SA's balance of trade

South Africa's throttled economy found a breather on Friday as August's balance of trade and private sector credit extension surprised on the upside, giving hope that the economy was on a strong footing in the middle of the third quarter.

5. Netflix ups investments despite ill winds

US vote video streaming company Netflix plans to double its investment in France and produce 14 local shows, twice as many as first planned, chief executive Reed Hastings said on Friday. 

6. Adrian Lackay says SARS, Moyane have withdrawn R12m defamation case against him

Lawyers for the South African Revenue Service (SARS) and suspended SARS commissioner Tom Moyane have withdrawn the civil proceedings against former SARS spokesman Adrian Lackay, he said on Sunday.

7. Slashed water tariffs kick off in Cape Town

From Monday, reduced water tariffs kick in, but the City is still milking ratepayers as it has in August alone raked in R405 million more on water than planned.