Photo: Simphiwe Mbokazi/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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South Africa’s leading integrated poultry producer, Astral Foods, yesterday highlighted the impact of chicken imports on the local industry after it reported a 68.9percent decline in the operating profit of its poultry division for the six months to end March.

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Sakhumnotho founder and chief executive Sipho Mseleku yesterday vindicated former Public Investment Corporation (PIC) head Dr Dan Matjila, quashing Kilimanjaro Capital’s Lawrence Mulaudzi’s claim that Matjila was conflicted.

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Clover Industries, facing a buyout by a group of international investors, said on Friday that it expected to report a turnaround to profit in the 12 months to June 2019, in spite of numerous operational challenges.

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Bitcoin jumped above $7,000 and didn’t look back, as its longest winning streak since 2013 continued to rekindle the global cryptocurrency market.

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Tanzania, Africa’s fourth-biggest coffee producer, said output next season may drop 23% because of a drought and lower crop cycle.

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The rand was caught in a tug of war between external factors as US-Sino trade agreement uncertainty dampened risk appetite according to NKC Research.

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A Life-long dream of studying at a prestigious international university was realised when a Durban-born chartered accountant completed his Masters in Business Administration (MBA), at the University of Oxford, in the UK.

BUSINESS REPORT ONLINE