Photo: File IOL

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

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Investec Property Fund (IPF), a South African Real Estate Investment Trust (Reit), reported a 5.1percent increase year-on-year in its full year dividend for the year to end March, largely driven by the investment in to and the performance of the Pan European Logistics (PEL) platform.

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Data scientist was the highest-paying entry-level job last year, according to Glassdoor research. 

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Africa's biggest mobile operator, MTN, yesterday received the green light to list on the Nigerian unit on the Nigerian Stock Exchange today to take the value of its biggest market to 1.8 trillion nairas (R71bn).

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President Cyril Ramaphosa on Wednesday (WED) said that the country’s new administration would focus on repairing the economy and creating jobs as a priority.

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South Africa’s rand strengthened on Wednesday alongside emerging market currencies on hopes of more stimulus for China’s slowing economy, but local stocks dipped after data showing another weak month for retail sales.

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The competition Tribunal has approved without conditions the merger of Stellenbosch-based Capitec Bank and Portuguese-owned Mercantile Bank Holdings, which will pave the way for the former to enter the business banking market. 

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Global energy investment steadied at nearly $1.85trillion (R26.42trln) last year after three years of decline.

BUSINESS REPORT ONLINE