Discussions between Sasbo, Absa and employees are still in their early stages, with 827 jobs potentially at risk. Photo: Supplied

CAPE TOWN –  Good morning. This is all the latest business news that you need to know today.

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Power blackouts in February eclipsed the State of the Nation Address (Sona) and the Budget Speech, with business sentiment having fallen to its lowest level in five months in February.

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Denel, the government-owned weapons maker grappling with big financial losses, governance and its involvement in “state capture”, claimed yesterday that it remained positive about its future, in spite of a ratings downgrade by Fitch Ratings earlier this week.

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Absa Group is restructuring its South African retail and business banking unit within months of reducing the division’s management team and rolling out a new strategy.

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Microsoft's opening of its first cloud data centres in South Africa today marked a historic milestone for South Africa and the continent as it will allow for faster, more agile business operations and provide access to next-generation technologies.

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Recent weak South African economic data and the uncertainty surrounding the upcoming local general elections are clipping the rand’s potential for gains.

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Tourism  KwaZulu-Natal is preparing for one of the world’s biggest trade shows, ITB Berlin, to network with exhibitors and contacts to drum up business for the province.

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Last night at Africa Tech week, Standard Bank bagged tech invention of the year award for its virtual card. 

BUSINESS REPORT ONLINE