FIN 24 – News

FIN 24 – News

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FIN 24, South Africa’s premier site for up-to-date business and finance news, stock market data, economic analysis, personal finance and investment information.

’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. | China seeks global cooperation on technology after Huawei's US ban

Countries should cooperate in developing the Internet, big data and artificial intelligence, says China President Xi Jinping in a letter to the China International Big Data Industry Expo. | Ramaphosa's team: Here are 12 contenders for key Cabinet posts

With President Cyril Ramaphosa’s inauguration over, the focus now turns to who he will appoint to his new Cabinet. | Eskom and our economy are in deep trouble, warns DA

South Africa needs "solutions and not more talk shops" to end Eskom’s "monopolistic stranglehold on electricity" and to rescue the crippling economy, says DA spokesperson on public enterprises Natasha Mazzone. | Sunday Read: Dark house to lighthouse - an industry leader's Eskom survival guide for SA

talks smart manufacturing - and how SA can solve the Eskom problem - with Magnus Ekbäck, VP Strategy & Business Development at Sandvik, which operates one of the world's 9 "lighthouse" factories chosen by the World Economic Forum. | Train pain: Cape Town is not giving up on running Metrorail

City of Cape Town councillor Angus McKenzie maintains the Democratic Alliance run metro would not give up its fight to have national government cede management responsibility of the Metrorail network in that city. | The toughest CEO job in South Africa is open. But who wants to lead Eskom?

The top job at embattled power utility Eskom is open again for the 11th time in a decade and it’s unclear anyone is ready to fill it. | Trump’s throttling of Huawei could backfire on US tech

Major US companies are worried that export controls being considered by Washington, related to technologies seen as essential to competitiveness, could actually impede them from competing in lucrative markets, writes Bloomberg's Molly Schuetz and Edwin Chan. | Why Dr. Evil would love Facebook’s 'GlobalCoin'

Unlike Bitcoin, Facebook’s aim is not to bring down the established financial system, but to co-opt it, writes Bloomberg's Lionel Laurent. | Germany plans to unveil self-driving car test track by 2020

Germany is making headway with plans to get self-driving vehicles to navigate a major city's roads. | China commits to trade talks amid 'groundless' Huawei moves

Beijing is committed to striking a trade deal with the US but it’s ready to respond with more countermeasures, said Chinese envoy Cui Tiankai, as he called the blacklisting of Huawei an "unusual" act of state power against a company | Freedom Under Law says Public Protector's probe of Gordhan reheating 'long cold dish'

The non-profit has hit out at Busisiwe Mkhwebane, saying she is 'attempt[ing] to reheat a long cold dish' in her recent findings against Minister of Public Enterprises Pravin Gordhan. | MTN faces new Nigeria headache as local unit probed over listing

MTN’s Nigeria listing is being investigated by local authorities, the latest in a series of disputes in the wireless carrier’s largest market. | Former SARS boss Magashula to also challenge Public Protector's report

Oupa Magashula, the former head of the tax agency, has announced he too will take findings about the pension payout to his former deputy Ivan Pillay on review, saying Busisiwe Mkhwebane acted with 'indecent haste'. | Revenue Service studying Public Protector report, as Gordhan vows legal challenge

The pubic protector found that current Minister of Public Enterprises Pravin Gordhan, who was minister of finance in 2010, should not have approved Pillay's early retirement with full benefits and subsequent re-employment. | The Tesla stock bubble has burst, sparking existential questions

For Elon Musk and Tesla, the blows from Wall Street came one after another this week - a relentless barrage that left the stock so beat up that some now wonder if it can ever regain its status as the ultimate 21st century disrupter. | Trump wields more powerful weapon than tariffs in trade war

President Donald Trump’s trade war against China has so far focused on attacking imports. His new front: Weaponising American exports. | Tory favourite Boris Johnson says he wants a pragmatic Brexit

Boris Johnson, a top contender to take over from Prime Minister Theresa May, said he wants a pragmatic exit from the bloc, but the country must prepare for no-deal as a negotiating tactic. | Eskom CEO's exit: No coincidence Hadebe resigned now, says energy analyst

It is no coincidence that Eskom CEO Phakamani Hadebe has decided to resign at this point in time, energy analyst Chris Yelland tells Fin24. | S&P keeps SA's credit rating unchanged at below investment grade

National Treasury has said government is focussing on regaining the country's investment grade status, after S&P kept the country's sovereign credit rating unchanged at below investment grade. | Cosatu hits out at 'ill-qualified' Mkwebane, asks Ramaphosa to halt acting on her reports for now

President Cyril Ramaphosa should set aside all Public Protector Busisiwe Mkwebane reports until her competency and trustworthiness has been ascertained, says Cosatu.

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