Standard Bank said it would be using wireless capacity from mobile operators Cell C and MTN and would allow its customers to convert bank charges into airtime or data. Photo: file.

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

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Two South African accounting firms did the country proud by winning awards at Xero’s annual event, Xerocon London 2018 last week.

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Standard Bank yesterday announced its foray into the lucrative airtime and data market with the launch of its mobile virtual network operator (MVNO) service, Standard Bank Mobile (SB Mobile).

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Lewis Group’s share price rose by more than 9 percent on the JSE after the credit retailer reported 25.9 percent growth in merchandise sales, driven by its acquisition of United Furniture Outlets (UFO).

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Zimbabwean Energy and Power Development Minister Joram Gumbo on Wednesday, said fuel suppliers were demanding upfront payments before they could release the fuel into the market.

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The finances of state-owned entities had deteriorated and remained a risk to the economy, auditor-general Kimi Makwetu warned yesterday.

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The rand yesterday breached the R14 against the dollar mark as the markets anticipated an interest rate hike after October’s consumer inflation print spiked 5.1 percent year-on-year from 4.9 percent in September.

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Makro customers were left fuming earlier on Wednesday as the path to their anticipated black Friday deals were blocked after the retailer's website crashed. 

BUSINESS REPORT ONLINE