Business confidence boost; Medupi-Kusile sinking SA; Survé raided; Capitec buys Mercantile; Brexit blame game
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In today's business headlines:
South African business confidence increased from the lowest level in more than three decades. A sentiment index compiled by the South African Chamber of Commerce and Industry climbed to 92.4 in September after falling to 89.1.
The Rand strengthened, while more international investors are turning to gold amid global uncertainty.
The Medupi and Kusile power stations are sinking Eskom and South Africa with an anticipated price tag ballooning to R451bn.
The offices of the owner of the Independent Media group, Iqbal Survé were raided by the Financial Sector Conduct Authority (FSCA) in Cape Town yesterday afternoon.
Capitec’s plans to purchase Mercantile Business Bank have been approved with the two banks running independently for now.
The talks between Europe and British Prime Minister Boris Johnson on a new Brexit deal ended in a stalemate. Johnson accused the bloc of adopting a tougher position and the European Council President Donald Tusk responded, accusing Johnson of playing a blame game.
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South African business confidence increased from the lowest level in more than three decades. A sentiment index compiled by the South African Chamber of Commerce and Industry climbed to 92.4 in September after falling to 89.1.
The Rand strengthened, while more international investors are turning to gold amid global uncertainty.
The Medupi and Kusile power stations are sinking Eskom and South Africa with an anticipated price tag ballooning to R451bn.
The offices of the owner of the Independent Media group, Iqbal Survé were raided by the Financial Sector Conduct Authority (FSCA) in Cape Town yesterday afternoon.
Capitec’s plans to purchase Mercantile Business Bank have been approved with the two banks running independently for now.
The talks between Europe and British Prime Minister Boris Johnson on a new Brexit deal ended in a stalemate. Johnson accused the bloc of adopting a tougher position and the European Council President Donald Tusk responded, accusing Johnson of playing a blame game.
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