7 things you need to know today
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
FNB expects a 15 percent increase in the total number of transactions during the Black Friday and Cyber Monday weekend between 29 November and 02 December, the lender said in a statement on Tuesday.
The MultiChoice Group reported a double-digit growth in earnings for the six months to end September, boosted by a 7 percent increase year on year in subscriber numbers.
The South African currency eased in tandem with broad emerging market sentiment in the aftermath of Hong Kong unrest and domestic power capacity woes according to NKC Research.
Pharmaceutical firm Aspen rose more than 3 percent on the JSE on Monday after the South African drug maker told its shareholders that it had agreed to sell its Japanese business to Sandoz for a total consideration of €400m (R6.54 billion) as part of a disposal of assets to reduce its debt.
ArcelorMittal South Africa (Amsa), Africa’s largest steel producer, said yesterday that it would wind down its loss-making Saldanha Works on weak exports and the deterioration of the plant’s competitive advantage, placing about 900 jobs at risk.
Publicity-shy investment guru Allan Gray has died at the age of 81.
Amazon Web Services, Inc. has announced the launch of the Amazon Web Services Equity Equivalent Investment Program (AWS EEIP), designed by Amazon Web Services South Africa and Amazon Data Services South Africa.
BUSINESS REPORT ONLINE