1. The rand is trading at R13.75/$ this morning after yesterday's rate hike. Higher interest makes the rand a more attractive investment option for international traders. The repo rate was increased by 25 basis points to 6.75%. Reserve Bank governor Lesetja Kganyago said the central bank was looking at four 25 basis points hikes by the end of 2020 to help tame inflation. This would bring the repo rate to 7.5% by the end of 2020. 

2. MTN's massive problems with the regulators in Nigeria may be coming to an end - Reuters reported yesterday that Nigeria’s central bank is on the verge of announcing an agreement on MTN. The bank has demanded that MTN return more than $8 billion in dividends to the country.

3. Capitec's bid to buy the business bank Mercantile has succeeded. Capitec, who wants to provide finance to small and mid-size companies, is paying more than R3 billion to buy the bank from a Portuguese state-owned bank.

4. Black Friday is currently firing on all cylinders in South Africa. People have been shopping at Dion Wired and Game stores since midnight, and Pick n Pay, Shoprite and Checkers will open stores early.

5. An employee has died as the Amcu strike at Sibanye-Stillwater turned violent yesterday.

The best reactions to yesterday's cabinet reshuffle

President Cyril Ramaphosa made some changes to his cabinet yesterday. 

Stella Ndabeni-Abrahams, who is considered a rising star in the ANC's top structures, was appointed communications minister. The telecommunication and communication departments are going to merge, Ramaphosa announced.

Siyabonga Cwele (former minister of telecommunications) replaces Malusi Gigaba as Minister of Home Affairs. And, in a demotion, Nomvula Mokonyane (former minister of communications) fills the position of the late Edna Molewa as Minister of Environmental Affairs.

Here are some of the reactions on social media:

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