CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
1. Mboweni’s chance to provide certainty after Zuma damage
South Africa's newly appointed Finance Minister Tito Mboweni has a tough balancing act to perform this week in presenting a medium-term Budget policy statement that fends off credit rating downgrades and attracts new investment – all while keeping the electorate happy ahead of next year's national vote.
2. SAIBPP and UCT launch a new property course for aspiring entrepreneurs
The South African Institute of Black Practitioners in partnership with the University of Cape Town has launched a new Property Entrepreneurship Program.
3. MTBPS: No honeymoon for Mboweni – Cosatu
Finance Minister Tito Mboweni needs to present a clear plan on how government will "pull the economy from the doldrums" and create a new labour-intensive growth path, the Congress of South African Trade Unions (Cosatu) said on Monday.
4. ENTER THE DRAGON: Lonmin in $200m deal with Chinese firm
Lonmin has managed to stave off a major financial hurdle, signing a $200 million metal purchase deal with a Chinese company to pave the way for the completion of the R5 billion takeover by Sibanye-Stillwater.
5. Delisting plan spurs Verimark
Verimark surged more than 17 percent on the JSE yesterday after the consumer goods company flagged that it was planning to delist the company after 13 years on the bourse.
6. PGM operations deliver the goods
Lonmin has managed to deliver on its 2018 sales target on the back of a strong price environment.
7. Sagarmatha or virtual colonisation: It is time to set the record straight
In the week that President Ramaphosa is to host the SA Investment Conference, there are typically a number of media releases about investments in the manufacturing and mining sectors.