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

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Smartphone unit sales in South Africa have declined by about 7 percent year-on-year in the first quarter of 2019, while the value of the smartphone market climbed by nearly 3 percent to around R8.6 billion, as shoppers splashed out on higher-end models with larger screen sizes. 

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Integrated poultry producer Astral Foods said on Tuesday the water supply constraints stemming from the deterioration of infrastructure in the Lekwa municipality which supplies its processing plant in Standerton were having significant cost implications for the company.

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South Africa warmly received the inauguration of President Cyril Ramaphosa on Saturday with the general happiness levels registering higher than other comparative days.

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Corruption within the government and state-owned enterprises (SOEs) has been very well covered, but not enough has been said about the role of the business sector, investment entrepreneur Steven Nathan said on Monday. 

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President Cyril Ramaphosa inherited a multi-faceted socio-economic crisis when he took office in 2018. 

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The executive head of human resources at the Public Investment Corporation (PIC), Chris Pholwane, strongly dismissed claims that he was implicated in wrongdoing at the embattled asset manager.

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Data from the Agricultural Business Chamber (Agbiz), which represents commercial farmers and agribusiness enterprises, yesterday showed that the sector weathered the tough start to the year and recorded a trade surplus of $660 million (R9.53 billion) in the first quarter, up 11 percent from the same period last year.

BUSINESS REPORT ONLINE