7 things you need to know today
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
Peter Moyo’s legal wrangle with Old Mutual took another turn yesterday as the under-fire chief executive demanded a R250 million settlement to leave the insurer.
Petroliam Nasional BHd and its South African partners plan to conduct an initial public offering in their fuel retailer Engen to fund the upgrade of a refinery in the coastal city of Durban and to expand its network of gas stations.
The rand received a breather yesterday, clawing back nearly 1 percent against the US dollar after the ANC yesterday broke with tradition and came close to embracing private sector involvement in the restructuring of troubled state-owned enterprises.
The South African Reserve Bank’s ability to cut interest rates to boost the economy is limited by political and policy uncertainty and inflation that’s still not sufficiently anchored at the midpoint of its target range.
The South African Reserve Bank (Sarb) approved embattled Steinhoff International’s listing on the Frankfurt Stock Exchange under the governorship of Gill Marcus.
The rand started the early European session on the back foot as negative momentum from weak US factory data and domestic PMI data lingered according to NKC Research.
DStv subscribers are fuming after the news that MultiChoice will be dumping three long-running TV channels.
BUSINESS REPORT ONLINE