Good morning!

Here's what you need to know in SA business on Thursday:

1. In his first question-and-answer session in parliament, President Cyril Ramaphosa said that government won’t tolerate land grabs and occupations. But he added that there was a strong case to be made that the use of expropriation without compensation in certain circumstances was consistent with the provisions of the Constitution.

2. The head of business and individual tax at SARS, Jonas Makwakwa, has resigned after reports that he received R600,000 from a debt collecting company.

3. In March 2017 almost all the shareholders of Steinhoff International voted to absolve directors and supervisory board members of liabilities. The vote may not prevent shareholder legal claims – or keep directors out of courts themselves – but it complicates matters.

4. There are two, different – and mutually exclusive – court orders to preserve some R1.7 billion in the rehabilitation trusts of the Gupta-linked Optimum and Koornfontein mines. And the Bank of Baroda doesn't know which one to follow.

5. Australia's home affairs minister has dug in his heels on his plan to give special visa attention to white South African farmers – a plan that has been more than a little criticised. 

One rather encouraging graph:

SA business people suddenly have a skip in their step, according to the latest business confidence survey. The RMB/BER Business Confidence Index jumped by 11 points from 34 in the fourth quarter of 2017 to 45 in the first quarter of this year. If sustained, the rise implies much-improved GDP growth in 2018 and 2019, says the BER.

Receive a single WhatsApp message every morning with all our latest news: Sign up here

See also: