CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
The Eskom Board on Monday convened an urgent meeting with the company’s executive management and the Minister of Public Enterprises Pravin Gordhan following the unexpected introduction of load shedding.
The rand on Monday surrendered its gains this year, backtracking nearly 1 percent to R13.769 against the dollar at 5pm, after Eskom implemented stage 4 load shedding for the first time in nearly five years.
President Cyril Ramaphosa yesterday effectively put in place a process to probe National Treasury director-general (DG) Dondo Mogajane, putting his 20-month tenure a risk.
Woolworths extended its losses on the JSE yesterday after the food and clothing retailer announced the surprise resignation of veteran banker Gail Kelly and businessperson Patrick Allaway as independent non-executive directors with immediate effect.
Production has commenced of the new Ford Ranger at the vehicle manufacturer’s assembly plant in Silverton in Pretoria, following an investment of more than R3 billion in extensive upgrades to its plant and its local operations.
The sugar industry growers are calling for President Cyril Ramaphosa’s intervention in an effort to help save the multibillion-rand sector from imminent collapse.
Some 36 business owners and non-governmental organisations in Soweto on Monday received title deeds through the Johannesburg Property Company’s Land Regularisation Programme, mayor Herman Mashaba said.
BUSINESS REPORT ONLINE