7 things you need to know today
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
Moody’s yesterday flagged South Africa’s higher funding costs and debt burdens as drags that would not come down in the foreseeable future as revenue generation capacity remained weak.
Sales in the motor trade industry slipped into negative territory for the ninth month in a row in November, although the contraction was slower than anticipated.
The Judicial Inspectorate for Correctional Services (JICS) has underspent by more than R10 million in its annual budget of R77.2m, the JICS 2019/20 annual report has revealed.
The share price of the largest listed black-owned ICT firm, AYO Technology Solutions (AYO), with a net asset value of R5 billion, has rocketed in recent days as the group appeared to attract renewed interest from investors.
The South African currency oscillated during yesterday’s trading session on rising bets for a repo rate cut at the upcoming MPC meeting according to NKC Research.
Eskom yesterday put further pressure on the country’s struggling economy, announcing yet another four days of power cuts till Sunday.
MTN yesterday said the temporary release of high demand spectrum during the national lockdown was a boost to its network performance.