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 Financial Sector Conduct Authority (FSCA) today imposed an administrative penalty of R161.57 million on former Steinhoff International chief executive Markus Jooste for insider trading in the retailer’s share price.
SA Bidco, a new South African entity with no commercial operations and that has never traded before, has been given the green light to buy the local operator of British Airways, Comair.
The Ctrack Freight & Transport Index reached its highest growth ever in the third quarter, indicating that the imminent gross domestic product figure (GDP) for the quarter may well show the strongest growth per quarter in our lifetime, Ctrack managing director Hein Jordt said yesterday.
Mobile telecommunications company MTN on Friday said its service revenue grew by 11.4 percent to more than R43 billion in the third quarter, despite the negative impact of the Covid-19 health crisis.
During European trade the South African rand recovered some mini-budget-related losses – as unconvincing fiscal roadmap undermined confidence – incurred during yesterday’s overnight session according to NKC Research.
Investec Australia Property Fund (IAP) proved resilient through Covid-19 and distributed 4.39 Australian cents per unit for the six months to September 30.
Pick n Pay said yesterday that Smart Shoppers could now have their till receipts emailed to them directly instead of receiving a printed receipt as it pursues its strategy of becoming environmentally responsible and promoting sustainable living.
BUSINESS REPORT ONLINE