Compiled by Dhivana Rajgopaul
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
1. UIF TERS benefits extended for another month
The Minister of Employment and Labour has announced the extension of the Covid-19 Temporary Employer-Employee Relief Scheme (TERS) benefits until the end of the national state of disaster.
Standard Bank Group Ltd., Africa’s largest lender by assets, is planning to scale-up some of its operations on the continent and further digitize its systems to fend off fintech firms encroaching on its client base.
3. Sales in SA improve, but are still in contraction
Retail sales continued to improve although they remained in contractionary territory in August as the further easing of the lockdown restrictions during the month spurred shopping activity.
4. Uber launches medicines delivery service in South Africa
Uber Eats' South African unit on Thursday expanded delivery offerings, launching an app-based over-the-counter medicines service as it seeks to claw market share in the fast-growing online shopping sector in Africa's most industrialised economy.
The South African currency attempted to recover early losses in another volatile trading session yesterday according to NKC Research.
6. Telkom cries foul over Rain, Vodacom spectrum deal
Partially state-owned Telkom has approached the Competition Tribunal, claiming Vodacom’s spectrum agreement with Rain constituted a merger, and should be subjected to scrutiny by the competition authorities.
7. Mboweni forced to put brakes on MTBPS
Finance Minister Tito Mboweni decided to postpone the tabling of his mini-Budget by a week over an intense balancing act in government between spending and expenditure.
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