1. Home Affairs Minister Malusi Gigaba resigned yesterday after it was found that he lied under oath and a compromising video of him was circulated on social media. 

2. VBS is no more: The North Gauteng High Court has issued a final order to liquidate VBS Mutual Bank.

3. Telkom has seen massive growth in its number of clients in the half year to end-September - up 50% to 6.5 million mobile customers. However, its profitability took a hit as it expanded its business.

4. MTN will be launching a R300 smart phone in 2019. The company is teaming up with with China Mobile, chipmaker Unisoc and the phone operating system KaiOS, and aims to sell 10 million of the phones over the next three years. 

5. Spar has released its annual results this morning - sales increased by 6% to R101 billion, with almost a third of its turnover coming from its Swiss and Irish businesses. Headline earnings only rose 1.4%. 

The best reactions to the Gigaba resignation

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