Today’s business update – and why Johann Rupert's Covid vaccination angered the Swiss
From Business Insider South Africa:
UK extends SA travel ban – with British Airways flights from Joburg to Heathrow cancelled until mid-Feb
1. The repo rate was left unchanged at 3.5% (prime rate: 7.0%) yesterday – but two of the five members of the monetary policy committee voted for a cut.
2. Unions say the SABC could see a “blackout” today as they protest retrenchments – but the broadcaster maintains it has contingency plans to avoid this.
3. Mr Price reported this morning that sales at its SA retailers grew by 5.4% to R6.9 billion in the 13 weeks to end-December. It says homeware sales boomed - up by almost 11% - as many people are still working from home.
4. Gold Fields has appointed former Anglo American Platinum CEO Chris Griffith as its new boss. The company only has one gold mine left in South Africa.
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