7 things you need to know today
Compiled by Dhivana Rajgopaul
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
Clicks Group reported a 13.7 percent increase in annual earnings on Thursday, despite the Covid-19 pandemic, as the company continued to operate during the lockdown because it was categorised as an essential service.
The Shoprite Group has subsidised more than 150 million R5 deli meals since 2017 and sold 63 million R4.99 bread loaves in the past financial year.
Despite 2020 being a very tough year there's nothing to be gained from not recognising Black Friday and the festive season at large, according to Matthew Leighton, spokesperson for e-tailer OneDayOnly.co.za.
The South African currency started yesterday on a weaker footing, but cautious optimism continued to provide support later in the session ahead of next week’s pivotal medium-term budget policy statement (MTBPS) according to NKC Research.
Retail giant Massmart, which owns Game, Makro and Builders, said yesterday that it had appointed Theodore Sylvester John, Walmart’s North America vice-president for last-mile delivery, to lead its e-commerce team as it targets growth in this critical area.
Eskom has warned that it would only be able to reduce the risk of load shedding by September, meaning a significant portion of electricity-dependent economy will take a while to rebound.
The chief executive of South Africa’s second-largest water utility Umgeni Water, Thami Hlongwa, has resigned with immediate effect this week just weeks before the entity’s release of its annual performance results.
BUSINESS REPORT ONLINE