CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
For the first time since the global financial crisis of 2008, South Africa’s 2017/2018-tax growth did not exceed its GDP growth, the national treasury and SARS said in a joint statement on Thursday.
A Plettenberg Bay pensioner, who was irate with Nedbank for acquiring his odd-lot shares when he had indicated both in writing and telephonically that he did not want to sell them, claims the bank has agreed to reverse the transaction.
The National Union of Metalworkers of South Africa said on Friday a working committee had been set up to deal decisively with wage discrepancies and shift patterns at Comair, after reaching a deal with the airline to avert a strike.
The World’s leading brewer, Anheuser-Busch InBev (AB InBev), has teamed up with Canada’s Tilray to research cannabis-infused drinks by investing a combined $100million (R1.42billion) into researching non-alcoholic drinks containing cannabis elements.
The South African currency started the day on the back foot after the market thought the FOMC speech on Wednesday’s night was dovish enough and the US dollar recouped some losses.
Tiger Brands paid its chief executive, Lawrence MacDougall, R9.08million for the year to end-September, representing a 6percent increase, compared with his total remuneration of R8.64m in 2017.
The department of public enterprises and State-owned defence equipment company Denel on Thursday announced Daniel du Toit as the new group chief executive after Cabinet approved the appointment.
BUSINESS REPORT ONLINE