In other news
Asian markets have followed a positive lead from Wall Street, with investors keeping an eye on Europe as Greece struggles to pay off its debts.
Oil prices eased in Asia Tuesday as dealers weighed China's fresh monetary stimulus against a supply glut in the United States, analysts said.
US stocks have gained sharply on the latest Chinese stimulus measures and some prominent earnings that bested forecasts.
Bain Capital, the US private equity firm that owns Edcon, is in talks with the retailer’s biggest funders to refinance debt.
Europe's main stock markets have closed higher after China announced a raft of stimulus measures to bolster growth, with London's benchmark FTSE 100 index ending the day 0.82% up.
Ton Vosloo has stepped down as the non-executive chairperson of Naspers.
Business performance in the travel and tourism industry has remained steady in the first three months of 2015, according to the Tourism Business Council of SA.
The volume of goods transported went up by 3.6% in February 2015 compared with February 2014 and the corresponding income by 4.2%, Statistics SA reports.