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Wednesday, September 18th, 2019

Inflation slows; JSE, Rand gain; Sars IT head suspended; Arms deal ruling white-washed; Growth could see outages

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by August 21, 2019 Financial News

In today’s business headlines:

  • South Africa’s headline consumer inflation slowed to 4% year-on-year in July;
  • The inflation figures helped a recovery on the JSE and in the value of the Rand;
  • SARS has suspended its controversial IT chief Mmamathe Makhekhe-Mokhuane following serious allegations of misconduct;
  • South Africa’s High Court has set aside findings of an inquiry that found no evidence of corruption in the arms deal in the 90s linked to former President Jacob Zuma; and
  • Growth in GDP could lead to Eskom power outages.

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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