Business pleads with Ramaphosa: Choose a more effective Cabinet
(News24) — Business groups have asked President Cyril Ramaphosa to choose a more effective and smaller cabinet when he finally announces his latest reshuffle. In a letter to the president, organised business groups expressed concern over the energy, mining, trade and industry, public enterprises, transport and police portfolios. READ MORE. (for subscribers)
SA Tourism conditionally approves R1 billion Tottenham Hotspur sponsorship – but nothing signed yet
(BusinessTech) — SA Tourism has given preliminary permission to approve the controversial shirt sponsorship deal with English Premier League football club Tottenham Hotspur and is currently in consultation with government officials over final approval. READ MORE.
Eskom eliminating COO position
(MyBroadband) — Power utility Eskom says the position of chief operating officer will be scrapped after Jan Oberholzer retires from the position in April. Eskom says the search for a replacement for outgoing CEO André de Ruyter is underway, and a long list of candidates will be presented to the board in the next two weeks. READ MORE.
What’s happening in the markets?
(Business Day) — The JSE was muted on Thursday, giving up 0.2% to 79,802.09 points as the European Central Bank and Bank of England followed the US Federal Reserve in hiking interest rates. The rand closed a touch weaker at R17.053/$. At 05:48, the local unit was trading at R17.0936/$. READ MORE. (for subscribers)
