7 things you need to know today
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
South African retailer and wholesaler SPAR Group said on Wednesday its normalised annual profit rose 10%, helped by tight margin management and cost controls in the face of poor consumer sentiment in all of its markets.
One of the biggest tech names to join the South African tech cemetery in the last decade is one Stellenbosch founded social network, Mxit.
Steinhoff International yesterday officially appointed Mazars Netherlands as its new external auditor following an extraordinary general meeting held in Amsterdam.
Rating agency Moody’s has singled out Britain, Hong Kong, Argentina and South Africa as countries that needed continued monitoring amid geopolitical developments.
The Association of Mineworkers and Construction Union (AMCU) said late on Tuesday the signing of a wage agreement with platinum producers scheduled for Wednesday had been postponed.
6. Ramaphosa in Brazil for BRICS summit
President Cyril Ramaphosa has arrived in Brazil, leading the South African delegation to the 11th BRICS summit to be held on Wednesday and Thursday which will focus on economic growth for an innovative future, his office said.
The South African government has repeatedly stalled the appointment of a new chief executive officer at the debt-stricken state power utility, evidence of how politically fraught the process has been.
BUSINESS REPORT ONLINE