Trade and Industry Minister Rob Davies. FILE PHOTO: ANA

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

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Metair, a leading car component manufacturer, which yesterday delivered its best financial results to the market, is reviewing its strategy after gearing-up to become a maker of leading-edge lithium-ion batteries for electric vehicles.

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This month, eThekwini Municipality has begun training 200 unemployed youths through the Artisan Development Programme. 

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Standard Bank, Africa’s largest bank by assets, yesterday said that more than 1 000 jobs were on the line as the group contemplates closing down nearly 100 branches across the country.

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South Africa has earned a reputation for producing outstanding start-up companies created by  driven entrepreneurs with a talent for disrupting the status quo. Many start-ups have gone on to  become household names both locally and around the world.

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Troubled technology company EOH suffered further losses yesterday after business magnate Patrice Motsepe’s listed investment vehicle African Rainbow Capital (ARC) flagged that it would dump its stake in the company.

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More economic transformation would take place in South Africa when more black people were able to exercise true business ownership powers, said Trade and Industry Minister Rob Davies on Thursday. 

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The Winners of the 6th Annual South African Premier Business Awards were announced by the Minister of Trade and Industry, Dr Rob Davies.

BUSINESS REPORT ONLINE