SA slips to third; Inflation rises; Hands off our savings; Medical scheme suspensions; Richemont, Sasol
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In today's business headlines:
Consumer inflation has risen by 4.3% in August from the 4% recorded in July, which is the fastest pace of acceleration in a year;
The 2.4 trillion rand savings industry has a request for the ruling party: stop threatening to dictate where funds must invest and get going on projects that pensions can help finance;
The Richemont share price dropped by almost 6% on the JSE as UBS said the European luxury sector may be nearing the end of the recovery cycle;
Sasol is planning to sell its South African coal-mining business. Bloomberg reports that it will begin a formal sales process in the coming weeks;
The Council for Medical Schemes has suspended five officials including two executives and three senior managers over allegations of irregularities while corruption busting at the SABC and SAA is gaining traction; and
South Africa has fallen to third place in the latest ‘RMB Where to Invest in Africa‘ ratings behind Egypt and Morocco.
Consumer inflation has risen by 4.3% in August from the 4% recorded in July, which is the fastest pace of acceleration in a year;
The 2.4 trillion rand savings industry has a request for the ruling party: stop threatening to dictate where funds must invest and get going on projects that pensions can help finance;
The Richemont share price dropped by almost 6% on the JSE as UBS said the European luxury sector may be nearing the end of the recovery cycle;
Sasol is planning to sell its South African coal-mining business. Bloomberg reports that it will begin a formal sales process in the coming weeks;
The Council for Medical Schemes has suspended five officials including two executives and three senior managers over allegations of irregularities while corruption busting at the SABC and SAA is gaining traction; and
South Africa has fallen to third place in the latest ‘RMB Where to Invest in Africa‘ ratings behind Egypt and Morocco.
