CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
Absa’s chief executive officer Maria Ramos will retire at the end of February when she turns 60 and becomes eligible to do so, the banking group said on Tuesday.
The embattled national broadcaster has left their employees in a panic this morning after staffers did not have their salaries paid into their accounts.
Merrill Lynch SA and Goldman Sachs yesterday outlined an upbeat view on South Africa, charging that the country’s stock market would recover from last year’s rout.
This key metric impacts everything from people’s mobility and ability to get to work to the cost of manufacturing as all raw materials as well as end products need to be moved in and out of production points.
Since South Africa adopted an inflation-targeting policy regime in 2000, there have been growing concerns the SA Reserve Bank is being rigid with its sole focus on price stability - inflation control.
Cash-strapped public broadcaster the SABC, Primedia and Ster-Kinekor have agreed to pay millions of rand in penalties, bonus advertising and Economic Development Fund (EDF) contributions in a settlements agreement with the Competition Commission.
Zimbabwe’s civil servants have given the government until Wednesday to improve on its salary offer of $300 million for the sector or face a mass strike.
BUSINESS REPORT ONLINE