CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
1. Fired Alexander Forbes boss vows to fight instant dismissal
Sacked Alexander Forbes boss Andrew Darfoor has indicated that he will fight his instant dismissal.
2. Disruptive entrepreneur a credit to SA life insurance
Disruptive entrepreneur Tlalane Ntuli has made it her lifelong mission to empower consumers with knowledge and information in order to help them make better decisions.
3. Gigaba simplifies regulations to enable ease of access to SA
Home Affairs Minister Malusi Gigaba has moved to relax regulations on travel, reviewing his previous visa requirement regime to dovetail with President Cyril Ramaphosa’s new growth path.
4. North Coast development creates one of a kind short-term rental platform
The developers of the R230 million Lush residential have introduced a short-term letting platform that will help the development extend its investment potential beyond the bricks and mortar.
5. Capitec Bank's H1 profit up 20%
Capitec Bank reported a 20 percent rise in half-year profit on Wednesday, helped by strong client growth.
6. SA stimulus plan unlikely to boost growth much - Fitch
President Cyril Ramaphosa’s multi-billion-dollar plan to turn around the country’s economy will do little to improve its sluggish growth, ratings agency Fitch said on Tuesday.
7. Versace sale to Kors leaves few global luxury brands available
Gianni Versace Spa’s sale to Michael Kors leaves a dwindling number of independent global fashion brands still up for grabs. Many big names -- from Dior to Gucci to Yves Saint Laurent -- have found shelter under the roofs of global luxury conglomerates like Kering SA or LVMH.