CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
Blue Label Telecoms, the majority owner of Cell C, tanked to its lowest level since 2009 on disappointing financial results for the six months to November and as the write-down on Cell C’s investment rattled investors.
SPUR Corporation said yesterday that low economic growth in the country, increasing demands on disposable income and weakening sentiment among the group’s middle-income customer base had had a negative impact on its performance in the six months to end December.
Geopolitical tensions abroad and uncertainty over the Sino-US trade talks dampened demand for emerging market (EM) currencies, sending the South African rand lower.
The ride-hailing app called inDriver that lets passengers bargain for a good price, has arrived in South Africa.
Liberty Holdings Ltd. is in talks to sell majority stakes in its health-insurance business as well as its asset-management operations in East and West Africa as the Johannesburg-based firm focuses on its home market.
Impala Platinum (Implats) shares rallied more than 9 percent to their highest level in three years yesterday as the world's second-biggest platinum producer posted interim results boosted by strong metal prices and a weaker rand in the half year to December.
BUSINESS REPORT ONLINE