The offer marks the latest attempt by Leonardo Maria, the namesake son of EssilorLuxottica founder Leonardo Del Vecchio, to increase his stake in the family holding.
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A fire damaged a clothing store, cellphone-accessories outlet and printing shop on Denis Hurley Street in Durban early on Tuesday. Firefighters contained the blaze before it spread to neighbouring businesses; the cause remains under investigation.
South Africa’s Reserve Bank is opening parts of the national payment system to regulated non-banks, with cheaper, interoperable digital payments expected to benefit small businesses, consumers and cash-heavy sectors.
GDP at current prices rose to R8trn last year, according to Statistics South Africa.
