CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
Economic consultancy firm Econometrix warned the Treasury yesterday against increasing excise tax as this would lead to South Africa further haemorrhaging billions in lost revenue.
The International Monetary Fund (IMF) forecast South Africa’s economy to grow 1.4 percent this year from 0.8 percent previously, as the lender painted a bleak picture of global growth.
Troubled Botswana and regional retail chain Choppies has moved to quell boardroom wrangles and internal disputes at its Zimbabwe operation.
As the world’s high-profile chief executives gather at Davos ski resort in Switzerland for the annual World Economic Forum, anti-poverty charity Oxfam said inequality was at record levels and called for a wealth tax to level the playing fields.
The South African currency appeared stable during early trade, but a stronger looking greenback caused the rand to slip slightly and extend on Friday’s losses.
The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.
During 2018 the South African property market was under immense pressure. We saw many agents having to reinvent their strategies in an attempt to grow their businesses according to Richard Gray, the Harcourts Africa chief executive.
BUSINESS REPORT ONLINE