Latest News

  • | Back in Washington, Trump under pressure to reverse course on Russia

    President Donald Trump found himself isolated and under pressure to reverse course on Tuesday after publicly challenging the US intelligence conclusion that Russia meddled in the 2016 election during his face-to-face with Vladimir Putin. At his inaugural summit with the Russian president in Finland, Trump appeared to accept at face value the strongman‘s denial that Moscow interfered in a bid... Continue reading

  • | Israel shuts down cargo crossing into Gaza to punish Hamas

    Israel shut down its only cargo crossing with the Gaza Strip on Tuesday in response to continued Hamas hostilities, even after it agreed to a cease-fire ending 24 hours of intense fighting. Defence Minister Avigdor Lieberman said Israel will cease transferring gas and fuel through the Kerem Shalom crossing until next Sunday but will allow food and essential medication to... Continue reading

  • | Financials and retailers break the JSE’s losing streak

    The JSE broke a five-session losing streak to close firmer on Tuesday as financials and retailers lifted the local bourse. The All-Share index opened weaker as the negative sentiment from the weaker closes in the USA and Asia weighed on the blue-chips. However, financials and retailers which have continued to weaken even as the rand strengthened managed to spring up... Continue reading

  • | Uber CEO says company can do an IPO without being profitable

    Uber chief executive officer Dara Khosrowshahi said he doesn’t think his ride-hailing company needs to be profitable before a planned public offering (IPO) in the second half of 2019. Khosrowshahi, speaking on Monday at the Fortune Brainstorm conference in Aspen, Colorado, said he was more focused on generating positive cash flow than making the company profitable according to generally accepted... Continue reading

  • | Bargaining council orders Putco to pay bus wage increases

    The South African Transport and Allied Workers Union (Satawu) is confident of a favourable decision in its dispute with Golden Arrow, following the Bus Sector Bargaining Council’s decision on Monday which was in their favour and against Putco. This is according to the union’s spokesperson Zanele Sabela who spoke to Fin24 after the council ordered that Putco pay 7% of... Continue reading

  • | WATCH: Vegas bodycam footage shows officer fire through windshield in car chase

    Las Vegas police on Monday released dramatic body camera footage of an officer firing through his own windshield as he drove in a high-speed shootout that left one homicide suspect dead. The video clip of the incident shows the officer at the wheel grab his gun and pepper his windshield with bullets in a bid to stop the suspect driving... Continue reading

  • | Patel: Competition amendments do not seek to ‘out-trump Trump‘

    Cape Town – Minister of Economic Development Ebrahim Patel has said South Africa would not resort to weaponising its competition regulation regime to punish other countries for making trade and tariff decisions which could harm the country‘s economy. Patel was speaking at a briefing in Parliament on Tuesday afternoon about amendments to the Competition Amendment Bill.  The minister was answering... Continue reading

  • | Obama decries rise of ‘politics of fear and resentment‘

    Former US President Barack Obama decried mounting global inequality and the emergence of a political order based on fear and resentment, calling for greater efforts to foster international cooperation. “A politics of fear, and resentment” is building, Obama said in a speech in Johannesburg on Tuesday, a day before the 100th anniversary of Nelson Mandela’s birth. “It’s on the move... Continue reading

  • | Dear Mr Ramaphosa, I don‘t understand

    When you took over from Jacob Zuma, my friends, my family, and myself were so happy! You looked like a man with integrity and wisdom. That was unfortunately short-lived. And not because of the “land expropriation without compensation” only… but because of how you think we obtained the land. But even with this whole thing that you believe we stole... Continue reading

  • | Educated to be in debt

    In South Africa we are still suffering with the highest unemployment rate since to 2003 with a percentage of 27.7%. The biggest concern is that 58% of that number are young people between the ages of 15 – 34. This increases the rate for youth unemployment to 34.2% in South Africa. Fees for university today are quite expensive and some... Continue reading

  • | Cyril‘s weakness tested

    Cyril Ramaphosa may say he is not weak, but his failure to act decisively and promptly against those who are wrong testify against him and the evidence discredits him. He may not have bowed to Zwelithini, but he failed to assert his influence to demand title deeds for Zulus from land in the Ingonyama Trust.  If he does not act... Continue reading

  • | Police post mugshot of lost dog, bail paid in cookies

    A dog is home after police in a New Jersey shore town posted its mugshot on social media. Cape May Patrolman Michael LeSage found Bean the pug in a yard on Sunday. He tells The Star-Ledger of Newark he tried to get the dog to hop into his police car, but her legs were too short so he had to... Continue reading

  • | Uber is target of a US probe over gender discrimination

    Uber faces an ongoing gender-discrimination probe by the US Equal Employment Opportunity Commission, said a person familiar with the matter, as new questions arise about the company’s corporate culture. The inquiry, which began in August, focuses on allegations of pay disparities and other discriminatory conduct toward women, said the person, who asked not to be identified because the matter is... Continue reading

  • | Take a financial wellness day off

    While employee physical wellness has become a priority, with many companies offering programmes to encourage a healthier lifestyle in a bid to reduce absenteeism – said to cost the economy between R12bn to R16bn every year – not all companies have caught on to the impact of financial stress on their employees, according to Lettie Mzwinila, business development manager at... Continue reading

  • | Top 5 on Fin24: Eskom‘s head of security resigns and VBS allegations unpacked

    Cape Town – A roundup of Tuesday‘s top economic and finance reads on Fin24. Eskom‘s head of security has resigned with immediate effect Eskom‘s head of security resigned with immediate effect on Tuesday morning.  Eskom spokesperson Khulu Phasiwe said in a WhatsApp message to Fin24 on Tuesday that retired Brigadier-General Tebogo Rakau had stepped down.  He said the power utility... Continue reading