CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
1. Eskom implements Stage 2 load shedding until 10pm Monday
Power utility Eskom warned on Monday it was likely to effect more of the planned rolling power blackouts it has implemented over the past week to ease pressure on the national electricity grid.
2. CEO of Gupta mining firm gunned down in apparent hit
A chief executive of a Gupta-owned mining company, which is facing liquidation, has allegedly been assassinated in a movie-style drive-by hit.
3. WATCH: Rand pulls back from strongest level
The rand pulled back from its strongest level in nearly four months during Friday’s European trading session according to NKC Research.
4. Steinhoff on the Brink: A Chronicle of Collapse at Retail Giant
It was a tense weekend for Christo Wiese, the chairman of Steinhoff International Holdings.
5. Growing calls in Zimbabwe to adopt the rand
Zimbabwe is dollarizing once again against growing discontent with bond notes.
6. South Africa's recession may be over as monthly indicators for the third quarter signal a modest rebound
Recoveries in manufacturing and trade are expected to drive growth momentum in Africa’s most industrialized economy. Statistics South Africa will on Dec. 4 publish data that economists in a Bloomberg survey expect to show gross domestic product expanded 1.9 percent from the previous three months.
7. Ramaphosa to officially launch Atlantis SEZ
President Cyril Ramaphosa will officially launch the Atlantis Special Economic Zone (SEZ) at a ceremony to be hosted on December 6 in Atlantis, Western Cape Province.
BUSINESS REPORT ONLINE