CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
Almost 13 months since Steinhoff International was plunged into a crisis when it admitted to accounting irregularities, the troubled retailer has yet to recover from the scandal with its share price continuing to slide even further on the JSE.
In a first gut punch for consumers for 2019, Eskom is asking the National Energy Regulator (Nersa) for a 45% electricity increase spread over three years.
Consumers and corporates in Zimbabwe have had to do with price increases and other companies moving into price products in dollars.
The rand advanced against the US dollar during Friday’s European trading session according to NKC Research.
The late summer rains, particularly in the western region of the country, have made it difficult to predict the agricultural forecast for the season ahead, say agricultural economists.
Kenya cut its revenue target for this fiscal year by 5 percent to 1.61 trillion shillings (R222bn), the second year in a row the East African nation is revising its tax goal downward.
Analysts don’t expect geopolitics, commodity prices and trade conditions to favour the local currency this year.
BUSINESS REPORT ONLINE