CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
International Relations Minister Lindiwe Sisulu said on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland, yesterday that South Africa was keeping communication channels open with its southern African neighbour.
The South African currency ended little changed after recovering earlier losses. Emerging market currencies were under pressure throughout the day after the IMF trimmed its global growth forecasts earlier this week.
The Trade and Industry Department will, in two months time, unveil a master plan to protect the local textile industry from cheap imported goods, Deputy Minister Bulelani Magwanishe has said.
President Cyril Ramaphosa is upfront about the scourge of state capture, much of which is being laid bare daily before the Zondo Commission of Inquiry.
Phase 1 of Ballito Groves which was launched last year December 2018 has now sold out. With a starting price of R680 000, Ballito Groves has sold 210 units in only 4 weeks
Massmart fell more than 20 percent on the JSE yesterday as South Africa’s top retailers buckled under subdued consumer spending and currency fluctuations in the continent.
BUSINESS REPORT ONLINE