CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
SBM Holdings slumped to a four-year low after the owner of Mauritius’s second-biggest lender said its uncovered another fraud at its operations.
Eskom on Thursday suspended its head of assurance and forensics division, Molefi Nkhabu, as the utility continued its purge of executives associated with the Gupta businesses. Eskom said Nkhabu was suspended for signing off on transactions exonerating executives implicated in maladministration.
South African assets weakened on Thursday as a rally in US bond yields overshadowed President Cyril Ramaphosa’s promise to create an additional quarter of a million jobs year.
Danny Zandamela, Chief Executive of Ithala believes consumers should budget their money better if they want to survive during the fuel hike.
Franchised automotive dealers are up in arms about the possible impact of a new draft voluntary code for the industry compiled by the Competition Commission, claiming it would hit the franchise dealers industry to the benefit of independent dealers.
President Cyril Ramaphosa yesterday announced a bold plan to stimulate employment that will see a partnership between corporations, labour, government and communities unlocking growth.
KPMG has been readmitted as a member of Business Leadership South Africa (BLSA), the auditing firm said in a statement on Thursday.
BUSINESS REPORT ONLINE