CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
The rand retreated by 0.9 percent during Thursday to trade as weak as R13.65/$. However, as President Ramaphosa dug deeper into core issues, such as the dire state of Eskom and what the plan of action was, the rand managed to claw back some of the lost ground.
The Minerals Council South Africa on Friday applauded President Cyril Ramaphosa’s emphasis on improving the ease of doing business in the country during his annual address in Parliament on the state of the nation.
Professor Alan Hirsch, Director, on the UCT Poverty and Inequality Planning Group focusing on economic development issues, said the main issue that Ramaphosa needs to address is the high unemployment rate.
South African Tourism says it will reschedule this year's Africa Travel Indaba after President Cyril Ramaphosa announced on Thursday the country would hold national elections on May 8.
The National Union of Metalworkers of South Africa (Numsa) said on Friday President Cyril Ramaphosa's announcement of plans to split state power firm Eskom into three entities confirmed its fears that the goverment wanted to privatise the cash-strapped utility, a move that would threaten jobs.
President Cyril Ramaphosa correctly prioritised efforts to revitalise the economy in his state of the country on Thursday, the Agricultural Business Chamber (Agbiz) has said.
Zambian cabinet approved a plan to spur development of the country's tourism sector, authorities announced on Tuesday.
BUSINESS REPORT ONLINE