Flash Briefing: Business sentiment; travel restrictions; Sasol; new Bidvest boss; JSE movers

Posted on 10/05/2020

In today's news headlines:
* The Absa Purchasing Managers’ Index is on an upward trend, with purchasing managers cautiously optimistic about the future;
* Details on the new travel restrictions, with tourists from countries that are ‘high risk’ not be allowed to enter South Africa;
* Sasol announced on Friday that chemical company LyondellBasell Industries has agreed to acquire a 50% stake in a unit of its US-based business for $2bn, helping the petrochemicals company reduce its debt from $10bn to $8bn; and
* Mpumi Mandisa who was announced as Bidvest’s CEO designate in March last year, has finally taken the helm. She is the first female CEO of the group and one of only two female black CEOs of JSE Top 40 companies.