File image: IOL

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

undefined

South Africa's business sentiment and conditions deteriorated in May, data from the South Africa Chamber of Commerce and Industry (Sacci) and Standard Bank showed.

undefined

The University of Stellenbosch’s Institute for Futures Research (IFR) said that South Africa might have to reconsider the retirement age and keep those over it economically active.

undefined

The MTN Group has moved swiftly to quash reports that, among its biggest shareholders, the Public Investment Corporation (PIC) is influencing changes in its board, including the ousting of executive chairperson Phuthuma Nhleko. 

undefined

The fight within the ANC over the expansion of the mandate of the SA Reserve Bank (Sarb) intensified on Wednesday, with Cosatu calling for the Constitution to be changed to allow it.

undefined

Sibanye-Stillwater on Wednesday cut its cash-bleeding gold shafts and shed more than 3400 jobs as part of the restructuring of its gold operations in South African.

undefined

South Africa’s embattled construction and manufacturing sectors received a major boost yesterday after state-owned freight logistics utility Transnet awarded a multibillion-rand contract to construct Tambo Springs Intermodal Terminal in Gauteng.

undefined

A report released by Airbnb last September found that the guest activity on the platform in South Africa supported more than 22 000 new jobs and generated an economic impact of $678 million (R9.9 billion) over one year.

BUSINESS REPORT ONLINE