Photo: Siphiwe Sibeko

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

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JSE-listed retail giant Mr Price has become the latest company to take its secondary listing to the A2X Markets after it was approved by the stock exchange yesterday.

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After a six month trial in four of its Western Cape stores, including the launch of their first plastic bag free store, Woolworths will be rolling out its new low-cost, reusable bag to more stores across the country as well as announcing three more ‘plastic shopping bag free’ stores.

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Fledging insurer King Price is preparing an audacious bid of up to R2 billion to buy Alexander Forbes’s short-term insurance business and will submit its formal bid for the asset next week.

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Cell C has been awarded Level 3 B-BBEE status, which significantly increases the company’s scope for growth in the South African economy.

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The establishment of Lebashe Investment Group occurred eight years after Jabu Moleketi resigned as deputy finance minister and as chairperson of the Public Investment Corporation (PIC).

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Consumers are set for further pain at the pumps after the price of Brent crude oil hit a six-month high yesterday approaching $75 (R1 059) a barrel, after the White House confirmed that it would not extend waivers for countries that had previously been allowed to purchase Iranian crude.

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Chrystal Gumede has been appointed Chief Risk Officer at Ithala SOC Limited, effective from 1 April 2019. 

BUSINESS REPORT ONLINE