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