7 things you need to know today
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
In light of the recent xenophobic attacks in South Africa this past week, the presidents of Rwanda, Democratic Republic of Congo and Malawi have decided not to attend the World Economic Forum on Africa hosted by South Africa in Cape Town.
South Africa's National Joint Operational and Intelligence Structure (NatJOINTS) said on Wednesday it had developed a comprehensive security plan to ensure the safety of delegates attending the World Economic Forum on Africa.
Travelling frequently within Africa, but also outside, gives me plenty of time to think about our region within a wider global context.
The 28th World Economic Forum (WEF) on Africa kicks off in Cape Town today, attracting more than 1 000 international delegates and is expected to have an economic impact of more than R19 million on the region.
Aspen Pharmacare surged 14 percent on the JSE on Tuesday as investors cheered the surprising news that the drug-maker had cut its debt to less than R40 billion in the year to June.
Mobile phone company MTN, the second-largest investor on the Nigerian Stock Exchange (NSE), on Tuesday beefed up security in South Africa following the sporadic xenophobic attacks that saw the looting of local and foreign-owned shops in Gauteng.
Global factors played a major role in swaying South Africa’s economy into a rebound in the second quarter, as the country benefited from high metal prices and uninterrupted power supply from Eskom.
BUSINESS REPORT ONLINE