latest news headlines | Rand hits R14/$ as markets await ratings decisions.

The rand's movements will be dominated by ratings agencies' assessments scheduled to come out on Friday, as well as a possible spill-over from #BlackFriday, says an analyst.

- Fin24 - SA | Oakbay cries foul on IDC's legal action.

Oakbay, which faces legal action from the IDC over its failure to pay back R293m owed to the state-owned entity, has called the IDC's actions spurious and malicious'.

- Fin24 - SA | Rand traders brace for big swings as risks stack up.

The rand's roller-coaster ride isn't over yet - but traders appear uncertain about whether it's heading up or down.

- Fin24 - SA

Macy's has issues with credit cards on Black Friday.

Users on Twitter complained of issues with Macy's credit card system when trying to buy items online and in stores.

- CNNMoney - US

Crystallex reaches settlement in legal fight with Venezuelan government.

- Financial Times - US | Takealot cashes in big time despite #BlackFriday downtime.

Despite massive downtime, e-Commerce retailer had by 06:00 exceeded its entire 2015 Black Friday revenue value.

- Fin24 - SA

Algos know more about us than we do about ourselves.

John Dizard braves petabytes of internet babble for financial and commodities signals

- Financial Times - US

Millennials' lust for makeup driving a boom in the cosmetics industry.

The striking expansion in cosmetics is a bright spot in what is otherwise a challenging environment for retailers and packaged goods companies

- Financial Post - CA

S&P 500, Nasdaq hit fresh all-time highs.

- Financial Times - US

A Swedish power plant is now burning H&M clothing instead of coal.

By converting old plants to burn biofuels and garbage, the biggest Nordic economy is hoping to edge out the last of its fossil fuel units by the end of this decade

- Financial Post - CA | Mnangagwa's poisoned chalice.

Emmerson Mnangagwa may have survived the poison that nearly took his life this year, but will he survive the poisonous legacy Robert Mugabe has left him, asks Crecey Kuyedzwa.

- Fin24 - SA

Morning Movers: Digging In the Haystack for Teva, Nektar

All the market-moving news you need to know this morning including a failed trial for Nektar and layoffs at Teva.

- Barrons - US | IDC legal action against Oakbay 'too little, too late' - banker

The Industrial Development Corporation should have foreseen that it was risky to convert a loan to Oakbay Resources into shares, says a corporate banking principal.

- Fin24 - SA

Club store shopping makes you spend and eat more

You may think you're saving money and being efficient buying in bulk at club stores. But this study shows they hurt your health and your pocket book.

- CNNMoney - US

Letters to MoneyWeek: What does tax avoidance mean today?

A selection of letters sent in to the MoneyWeek office, and their replies. The post Letters to MoneyWeek: What does tax avoidance mean today? was first published on MoneyWeek.

- MoneyWeek - UK | FULL STATEMENT: S&P downgrades SA to junk

On November 24, 2017, S&P Global Ratings lowered its long-term foreign currency sovereign credit rating on the Republic of South Africa to 'BB' from 'BB+' and affirmed the 'B' short-term foreign currency sovereign credit rating. The outlook is stable.

- Fin24 - SA

Borrowing and investing by businesses slows, but households are saving less

Businesses are continuing to put expansion and investment on hold, according new statistics, as non-financial companies' bank deposits have continued to grow at a fast pace. Figures from banking trade body UK Finance showed companies' deposits were growing at an annual rate of 5.8 per cent, although this was down from 8.2 ...

- City AM - UK

The Great Depression: How the Wall Street Crash of 1929 unfolded

In the latest in his series of history's worst financial crises, John Stepek looks at how the Wall Street Crash of 1929 unfolded. The post The Great Depression: How the Wall Street Crash of 1929 unfolded was first published on MoneyWeek.

- MoneyWeek - UK | Mnangagwa spells out economic plans

Zimbabwe's newly sworn-in President Emmerson Mnangagwa has vowed to make job creation a priority and has given the assurance that foreign investments would be safe. However, there would be no reversal of the country's land policy.

- Fin24 - SA

The most thrilling 911 ever

The Porsche 911 GT2 RS may be rather expensive. But you get what you pay for. The post The most thrilling 911 ever was first published on MoneyWeek.

- MoneyWeek - UK

Can lipstick predict the markets?

Analysts are always on the lookout for new ways to monitor economic activity, such as how much lipstick women buy. But is this sort of "indicator" actually any help? The post Can lipstick predict the markets? was first published on MoneyWeek.

- MoneyWeek - UK

The design behind Atkinsons return to Burlington Arcade

On the black marble bar the bottles of pale and amber liquid are neatly lined up in a row. I inhale the powerful aromas one at a time like a fine wine or rare whisky. This bar, however, doesn’t serve booze, it’s the centrepiece of the new Atkinsons fragrance shop in Burlington Arcade and the bottles contain two ...

- City AM - UK | In addition to #BlackFriday downtime problems, is now also facing Gupta claims

e-Commerce website has lashed out at comments allegedly made by ANC MP Vytjie Mentor that the controversial Gupta family has a stake in the business, calling it fake news.

- Fin24 - SA

Speculation lifts Paddy Power, while Carillion continues to struggle

Black Friday is drawing to an end. The day has seen record spending on Barclaycard and all-time-high numbers on Argos's website, though KPMG today warned of the impact discounting could have on retailers.

- City AM - UK

Jeff Bezos is now worth $100 billion

Black Friday puts Amazon founder Jeff Bezos over the top with a fortune of $100 billion.

- CNNMoney - US

Niall Ferguson: four reasons to worry

Professor Niall Ferguson of Harvard University reckons there are a lot of similarities between now and the days before the last financial crisis. The post Niall Ferguson: four reasons to worry was first published on MoneyWeek.

- MoneyWeek - UK

Proposed private member's bill would regulate gas prices across Ontario

The bill would allow the Ontario Energy Board to control both the retail price and wholesale mark-up of petroleum products

- Financial Post - CA

Uma Thurman turns anger on Weinstein in Insta post

Read full story for latest details.

- CNNMoney - US

Investors split ahead of key South African ratings decisions

- Financial Times - US | Moody's keeps SA at investment grade - for now

Global ratings agency Moody's placed South Africa's government debt on review for downgrade, but unlike S&P Global did not downgrade the debt to junk status.

- Fin24 - SA

Online holiday shopping scams to watch out for

Here are some tips for protecting yourself from online scams on Black Friday and Cyber Monday.

- CNNMoney - US | We don't need no education - or do we?

A study has It highlighted South Africans' inability to fund their children's education without stringent financial planning – and even then, it is not always affordable.

- Fin24 - SA

Russia, OPEC agree to framework of deal to extend oil production cuts: sources

Both sides are still hammering out crucial details, sources said

- Financial Post - CA

From Sears to J. Crew, the holiday will be make-or-break for these struggling retailers

More retailers are at risk of running out of cash or defaulting on debt now than at the peak of the last recession, according to Moody's

- Financial Post - CA

Mind the gap at Income Financial Trust

Barry Critchley: What's behind the disconnect between trading price and NAV, a disconnect that emerged about two years back?

- Financial Post - CA

Breaking: Police say 'no evidence' of shots fired on Oxford Street

The Met police have confirmed they received reports of shots fired on Oxford Street this afternoon, as they were called to an incident at 16:38. However they have since tweeted that there is "no evidence" of shots being fired, after armed officers attended the scene. They are still searching the area. The Met had said that ...

- City AM - UK

The First Shopper's fall from grace

Until a week ago Grace Mugabe was sitting pretty. Not anymore. The post The First Shopper's fall from grace was first published on MoneyWeek.

- MoneyWeek - UK

CBS and Dish Network reach deal to end blackout

It may not have been in time for the NFL on Thanksgiving, but CBS and Dish Network have a deal.

- CNNMoney - US

What is it like to hang out with gorillas in the forests of Rwanda?

There he was, the man we’d trekked hours to meet. Frank was square-jaw handsome, but with a perma-frown and scar that made him look dangerous. Once a poacher, he now uses his tracking talents to locate mountain gorillas for tourists. As we approached, I could see he was casually shaving earth from his boots with a ...

- City AM - UK | S&P Global downgrades SA to junk, Moody's places SA on downgrade review

S&P Global Ratings has downgraded South Africa's long-term local currency rating to junk, while Moody's has placed the country on review to be downgraded.

- Fin24 - SA

If you'd invested in: Intertek and Countrywide

Intertek, which inspects and certifies products for safety, has seen its shares rise by 55% this year. Estate agent Countrywide has had a much less satisfying 12 months. The post If you'd invested in: Intertek and Countrywide was first published on MoneyWeek.

- MoneyWeek - UK

Tesla's newest promises on Semi Truck, Roadster break the laws of batteries

To deliver on promises Elon Musk made last week, Tesla would have to far exceed what is currently thought possible

- Financial Post - CA

Bears circling the dollar in quiet trading

- Financial Times - US

Markets Live: Friday, 24th November, 2017

- Financial Times - US

Uber wants to appeal directly to the Supreme Court over drivers' rights row

Uber said today it has requested permission to appeal directly to the Supreme Court in its workers' rights row, after losing an appeal earlier this month against a tribunal ruling that it must give its drivers rights such as holiday pay and paid rest breaks.  The ride-hailing app had gone to the Employment Appeal ...

- City AM - UK | #BlackFriday: Takealot sees erratic technical glitches

South African retailer has reminded customers that its sale will last for five days, after erratic behaviour.

- Fin24 - SA

Share tips of the week

MoneyWeek's comprehensive guide to the best of this this week's share tips from the rest of UK press. The post Share tips of the week was first published on MoneyWeek.

- MoneyWeek - UK | What SARB can - and can't - do about illicit financial flows

South Africa's Reserve Bank is facing a growing challenge of illicit financial flows and money laundering from gangs and errant businesses hell-bent on tricking regulators.

- Fin24 - SA