People wait in line to buy televisions as they shop during an early Black Friday sale at a Best Buy store. (AP Photo/Charlie Riedel)

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

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Shoppers all around the country began their Black Friday last night, waiting outside some of the stores that opened at midnight to get the best deals. 

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Pick n Pay Smart Shopper, can now use their BP fuel purchases to pump up their Smart Shopper points.

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The rand has cheered the decision of the SA Reserve Bank (Sarb) to hike interest rates for the first time since March 2016, amid a rise in the inflation trajectory, which has deviated from the mid-point of the bank's target range.

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Higher apparel and homeware sales growth boosted Mr Price’s profits and extended its market share during the half year to September.

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Violence flared at Sibanye Stillwater's Beatrix mine in Welkom, Free State, on Wednesday, as inter-union rivalry erupted over a wage strike.

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Zimbabwe's Finance minister Prof Mthuli Ncube on Thursday presented his budget – themed "Austerity for Prosperity" – expected to stabilise the country's struggling economy while pushing the country into being an upper-middle-class economy by 2030.

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The rand rallied against the US dollar during yesterday’s European trading session according to NKC Research. 

BUSINESS REPORT ONLINE