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 rand recovered some lost ground yesterday appreciating 0.14 percent to R15.25 against the dollar as concerns surrounding an extension of the adjusted level 3 lockdown were offset by optimism over vaccine progress.
Cell C is in the process of migrating 1.1 million contract and broadband customers to the Vodacom network in line with the first phase of plans to become a significant wholesale buyer of network capacity and infrastructure services.
Government and business yesterday resumed negotiations about extending relief payments for affected workers from the Unemployment Insurance Fund (UIF) due to economic headwinds of the Covid-19 lockdown restrictions.
DHL Global Forwarding is investing R126.5 million into a new 13 000 square metre facility in Skypark Business Estate near OR Tambo International Airport.
Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter and year ended December 31, 2020, fell by about 8 percent and 29 percent, respectively when compared to the quarter and year ended December 31, 2019.
Grindrod subsidiary NovaTech, which trades as Hesper Engineering, a ship repair and general engineering company based in Cape Town, has purchased a 51 percent shareholding in Swift Engineering.
Australia’s Lucapa Diamond Company has announced the suspension of its mining operations at its mine in Lesotho, as the mountain kingdom imposes a two week hard lockdown from midnight to curb the spread of Covid-19.
BUSINESS REPORT ONLINE