Gill Marcus, Justice Lex Mpati and Emmanuel Lediga at the PIC Commission of Inquiry. Photo: Jacques Naude/African News Agency (ANA)

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

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Diversified mining group Exxaro on Friday dumped troubled Group Five just days after the construction and engineering company imploded and filed for bankruptcy. 

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Last week we discussed how the port of Durban, as with other ports, suffers from delays, highlighting the hold- ups around the deepening and widening of the North Quay of Durban Container Terminal.

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The Association of South African Quantity Surveyors on Friday added its voice to growing concerns over the so-called construction mafia, calling on the government to intervene to protect projects, investor confidence and the safety of professionals.

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The rand failed to consolidate on momentum offered by a decidedly dovish FOMC announcement earlier last week as the South African economy was hit with additional concerns regarding the growth outlook, combined with negative spillover effects as it tracked a weaker euro. 

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After declining to their lowest level since 2009 in the last quarter of 2018, the Agbiz/IDC Agribusiness Confidence Index improved by four points to 46 in the first quarter of this year.

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United Democratic Movement leader general Bantu Holomisa has given testimony at the PIC Commission of Inquiry in Pretoria.

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Howick’s Pam Curtis loves nothing more than being in the bush, among wildlife. But that’s not always possible.

So the next best thing is doing what she does best - designing and making her unique and proudly South African wildlife capture gear range called BushQuip.

BUSINESS REPORT ONLINE