Today’s business update — and how to invest in gold

Business Insider SA

Jul 09, 2020, 07:10 AM

From Business Insider South Africa:

Gold is rocketing - and there are many ways to invest. But some experts are not biting

Cleaning company admits to Sassa price fixing, top businesswoman named

Edgars buyer only wants some stores - and a similar Jet deal is expected soon

A Cape Town drive-in concept sold hundreds of non-refundable tickets, but is still not open

Some SA celebs will send you a personalised video for R150 - but Siya Kolisi, Kurt Darren are pricier

You can now deposit cash directly into your bank account at any Pick n Pay till

Curro schools couldn’t play sport during lockdown, so they began competitive Minecraft

WATCH: Leopard pounces on unsuspecting cheetah

A mutated strain of the coronavirus has taken over parts of the world

Cadbury’s name-free wrappers may cause some confusion – but they are for a good cause

Brazil's president says he is taking hydroxychloroquine to cure his Covid-19

Today's headlines:

1. The rand is on a tear, strengthening to below R16.90/$ this morning. Overnight, Wall Street rose – despite the US recording a single-day record of 60,000 new coronavirus cases.

2. Locally, another 100 South Africans died in the past day, with Gauteng now officially having more cases (75,000 infections) than the Western Cape, Health Minister Zweli Mkhize announced. He warned that Gauteng and the Eastern Cape are set to run out of hospital beds for Covid-19 patients within the next month.

3. After another two generation units tripped, Eskom asked the public to reduce electricity usage.

4. SAA business rescue practitioners have sweetened the retrenchment deal for employees. While officially only 1,000 workers of the labour force of 4,600 will be retained, another 1,000 employees will be placed on a “training layoff scheme”, and SAA will pay some benefits for these workers.

5. Steinhoff agreed to sell its stake in furniture retailer Conforama France to Mobilux Sàrl for a nominal amount.