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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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The board of South African Airways (SAA) and its executive management will on Friday take the nation into their confidence about the state-owned airline's current and future plans in light of Vuyani Jarana's resignation as CEO.

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E-toll registered road users are in for a nice surprise as the South African National Roads Agency (Sanral) has updated its mobile application of enable cashless parking.

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Since launching to the public, Ridge Town Central has already achieved great success, with over 50 percent of the apartments sold in only 2 months. 

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A small team of Cape Town entrepreneurs who invested R22 000 in 2006 to start up a fledgling business recently saw a phenomenal return on their founding capital when they sold their business to US based organisation Ecolab - a major global provider of technologies and services to the water, food, energy, healthcare, industrial and hospitality markets.

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The rand remained firmly on the back foot during the early European session, hitting an eight-month low, as political intervention in the central bank’s mandate concerned investors according to NKC Research. 

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South Africa’s current account deficit deteriorated by R32.3 billion to R142.5bn in the first quarter of 2019 compared with a deficit of R110.2bn in the fourth quarter of 2018.

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Insurer Sanlam’s acquisition of Moroccan-based Sanham Finance in a R16 billion deal last year boosted the group’s performance, contributing to 10 percent growth in the value of new business written, a 30 percent rise in net fund inflows to R15.9bn, and a 9 percent increase net result from financial services.

BUSINESS REPORT ONLINE