Rand battered by Powell; BAT smoking hot; Woolies takes Aussie hit; Discovery blocks Liberty; Post Office CEO quits
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In today's business headlines
The Rand has been battered by the dollar after the US Federal Reserve Chairman Jerome Powell ruled out extending the cycle of rate cuts;
British American Tobacco shares jumped by more than 8% as smoking alternatives cushioned the decline in cigarette sales;
Woolworths has taken a new hit against its Australian arm;
Insurer Discovery is accusing Liberty of using its incentive program Vitality without permission; and
The Post Office’s CEO Mark Barnes has resigned citing differences on a forward strategy.
The Rand has been battered by the dollar after the US Federal Reserve Chairman Jerome Powell ruled out extending the cycle of rate cuts;
British American Tobacco shares jumped by more than 8% as smoking alternatives cushioned the decline in cigarette sales;
Woolworths has taken a new hit against its Australian arm;
Insurer Discovery is accusing Liberty of using its incentive program Vitality without permission; and
The Post Office’s CEO Mark Barnes has resigned citing differences on a forward strategy.
