Sentiment among South Africa’s agricultural businesses soared to the highest level in more than two years boosted by sustained electricity supply, political stability and expectations of rains.
The Directorate of Inspection Services within the Department of Agriculture is conducting a national inspection of retail stores to remove fake honey products from South African shelves.
Absa is combining its three South African retail banking units – Everyday Banking, the Product Solutions Cluster, and Private Wealth Banking – into a single unit called SA Retail.
Africanbank says the integration of the R5.7-billion Eskom home loan book into its operations will help diversify its product offering and increase its presence in the secured home loan lending market.
Absa said in a trading update for the year to end-December that the weaker average exchange rate of several African currencies versus the rand remain a drag on earnings with conditions in Kenya, Zambia and Mozambique being particularly challenging.
Industrial action has disrupted SAA operated flights on major routes, but the airline insists it will help travellers reach their destinations despite the disruptions.