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 government has put on hold proposed changes to exchange control laws in a bid to create an enabling environment that would make it easier for foreigners to invest in the country’s economy.
Sasol surged the most in one month following on news that it would sell a 50 percent interest in its polyethylene asset in Texas, for $404 million (R6.21 billion) in line with its ambition to reduce debt.
Eskom chief executive Andre de Ruyter has warned that the utility’s power generation crisis would persist for longer if the government failed to allow it to procure more electricity from Independent Power Producers (IPPs).
PricewaterhouseCoopers (PwC) study Black Friday report said South African consumers would have less money in their pockets to spend on luxury goods and would be looking to retailers for discounts and bargains – particularly on staple items – this Black November.
Cash-strapped Land Bank of South Africa has been downgraded by Moody’s on restructuring delays and a related liability solution.
The South African currency traded on the front foot, lifted by an improved market mood as US President Trump accepted the commencement of the transition towards a Biden administration according to NKC Research.
Momentum Metropolitan Holdings bounced back strongly in the first quarter of the 2021 financial year by reporting a double-digit growth in earnings after it was hurt by the Covid19 outbreak in its full-year results.
BUSINESS REPORT ONLINE