Things could go better with Coke, but chicken is off the menu

Bank governor Lesetja Kganyago suggested interest rates will stay at a record low in 2021. The monetary policy committee in March kept its repo rate unchanged at 3.5%. In a Business Day webinar on Thursday, Kganyago signalled this

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was unlikely to change as inflation remains under control and the Bank nurses an economy that shrank 7% in 2020.

COCA-COLA will list its bottling unit in Amsterdam and on the JSE, a move that will hand investors ownership in Africa’s largest bottler of non-alcoholic products. The initial public offering will take place within 18 months.

MOBILE operator Cell C, which is yet to complete a long-awaited recapitalisation of its business, says its strategy of focusing on more profitable customers is bearing fruit — the average revenue per prepaid customer increased by almost a third in the year to endDecember.

SA’s poultry industry fears more countries could ban imports of its broilers and eggs following the latest avian flu outbreak on a farm in Gauteng. Namibia, Botswana and Mozambique have already done so to contain the spread of the disease.

SA slid four places down the World Economic Forum’s annual energy transition index. It now ranks 110th out of 115 countries. Factors in the assessment include environmental sustainability, energy security and affordability.

BALWIN Properties, SA’s largest sectional title developer, has cancelled its first apartment development in Gauteng’s richest square mile, Sandton. The group said in November it would develop Wedgewood Sandton, with units priced at less than R1m. But the company said this week it would no longer proceed with the ambitious project because it was too risky.