7 things you need to today
CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
Questions have been raised over whether the Financial Sector Conduct Authority (FSCA) was soft on embattled retailer Steinhoff after saying the group needed to pay only R53 million out of a R1.5 billion fine for flouting regulations due to its financial position.
Aspen Pharmacare's share price leapt 12 percent on Thursday as the market digested the JSE-listed drugmaker’s results for the year to June, released after the market closed on Wednesday.
British American Tobacco (BAT) jumped 3 percent on Thursday after the tobacco giant announced that it planned to reduce 20 percent of senior roles as part of a plan to simplify the organisation and cut costs.
The MEC for Economic Development, Tourism and Environment (EDTEA) Nomusa Dube-Ncube officially unveiled the Durban Aerotropolis Master Plan at the Dube TradePort.
Footgear, the South African retailer of branded and non-branded footwear, on Thursday received the green light to purchase the assets and business associated with Edcon Limited’s Edgars Active and High Key brands.
Bacteria mostly have a bad reputation for causing disease, so the idea of drinking a few billion bacteria every day for your health might seem a bit hard to “swallow!”.
The South African currency strengthened as a poor showing on domestic data was counter-weighed by a lift in global risk appetite in tandem with easing US-Sino trade tensions and the ECB pulling the trigger on a comprehensive easing package according NKC Research.
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