Fin24 (164)

Fin24.com | Threat of court action if Govt steps out of line with nuclear plans

Should the details of any progress on pushing through a costly nuclear programme not be open to the public, the DA will not hesitate to go to court.

Fin24.com | Hint of dictatorship style by Zuma puts economy in grave danger - consultant

A hint of some form of dictatorship style rule by President Jacob Zuma has put the SA economy and the country in grave danger, warns a consultant.

Fin24.com | Why boreholes may be a really bad idea

Before we go ahead and drill boreholes into our precious water resources, we should consider facts, figures and sustainability, says Mandi Smallhorne.

Fin24.com | How SA honey production could see R20bn turnover

A structural approach and strategic business model could see South Africa's honey industry turnover reach R20bn, according to experts.

Fin24.com | PICS: The most expensive streets in SA

Look no further than Cape Town's Atlantic Seaboard suburbs of Clifton and Bantry Bay to find the most expensive streets and developments in the country.

Fin24.com | Claim of Zuma reshuffle after Russian meeting

President Jacob Zuma allegedly reshuffled his Cabinet earlier this week, just hours after a meeting with Russian officials, according to the Sunday Times.

Fin24.com | Tech innovation conference for start-ups, investors

The AfricArena tech conference in Cape Town will be the largest tech innovation conference for start-ups and investors hosted in Africa, claim the organisers.

Fin24.com | Moustachioed Mona Lisa sells for $750 000

One of Marcel Duchamp's reproductions of Leonardo Da Vinci's "Mona Lisa", on to which he pencilled a beard and moustache, has sold for $750 000 in Paris.

Fin24.com | Time to shine

Inner-city Johannesburg is its usual noisy, busy self, and parking is also proving to be hellish, when, out of the blue, a fellow neatly dressed in a corporate suit, courteously extends his hand to the window of my car.

Fin24.com | Zwane accused of fighting Gupta battles

Royal Bafokeng has seen operations halted by the mining ministry after axing a Gupta-linked contractor.

Fin24.com | Uber's chain of authority challenged

Uber drivers have accused the taxi giant of intentionally disguising its corporate structure to undermine their case to be considered employees'.

Fin24.com | US disappointed by China's slow reform, Trump official says

The US has been disappointed this year at China's lack of progress in pursuing market-oriented reforms, said a senior administration official, ratcheting up the pressure on the world's second-largest economy ahead of President Donald Trump's visit there next month.

Fin24.com | CCMA cases keep climbing

Labour disputes are still rising unabated, with the caseload of the Commission for Conciliation, Mediation and Arbitration reaching yet another all-time high in the 2016/17 financial year.

Fin24.com | Gigaba's day of reckoning

Our finance minister needs to stop the bailouts and turnaround plans, and create growth to improve the lives of all South Africans, writes Bonang Mohale.

Fin24.com | Johannesburg and Airbnb get into bed

Johannesburg mayor Herman Mashaba is overjoyed at US home-sharing' giant Airbnb's mission to democratise capitalism'. The company this week used Johannesburg's city hall to announce an initiative to increase the use of Airbnb across the continent.

Fin24.com | Ethnic tensions brewing

Mining companies are still using migrant labour, as during apartheid, causing tension with locals, claims one NGO.

Fin24.com | Lehohla hands over the Stats SA reins

Minister in the Presidency Jeff Radebe this week announced that Risenga Maluleke had been appointed as the new Statistician-General and head of Stats SA.

Fin24.com | Airlink-SAA deal 'unfair'

The two airlines' franchise agreement is creating a monopoly, some claim, but Airlink's CEO says such relationships are in place worldwide.

Fin24.com | SAA must be recapitalised

The most pressing issue for SAA is to be recapitalised, even while the appointment of a new chairperson and six board members has been welcomed.

Fin24.com | Power vacuum

With the new minister comes uncertainty over the renewable energy programme.

Fin24.com | Marikana land occupation battle heads for ConCourt

Landowners want more money, but the City of Cape Town says it doesn't owe anyone anything.

Fin24.com | Friends & Friction: We need to be like Fidel and act bravely against corruption

You must Castro'. When everything is at stake, you must never be afraid to Castro. In business, caution quickly turns into quicksand, which will sink you and your reputation.

Fin24.com | Abedian: SA needs to be tough on corruption, Chinese-style

South Africa needs a start implementing a "Chinese-style" way of dealing with corruption that includes visible consequences for wrongdoing, says economist Iraj Abedian.

Fin24.com | Farmers' court victory gains Karoo fracking reprieve

Farmers have put the brakes on fracking in the Karoo for now, as the mining ministry mulls whether it should appeal a court ruling that declared fracking regulations invalid.

Fin24.com | Let's take this outside, Eskom counsel tells journo at Koko's hearing

Listen to the audio, as the third day of suspended Eskom executive Matshela Koko's disciplinary hearing comes to a tumultuous end.

Fin24.com | BLSA to accompany Eskom to NY investor conference

Business Leadership SA may have suspended Eskom's membership, but it will still accompany the state power utility to an investor conference in the US to help buttress investor confidence in SA.

Fin24.com | JSE remains positive as rand slips

JSE manages to stay positive as rand slips ahead of medium term budget

Fin24.com | Eskom's 'outrageous' tariff hike will marginalise millions - Ravi Pillay

KwaZulu-Natal MEC Ravi Pillay has slammed the proposed 19% tariff increase by Eskom, claiming that billions have been siphoned off through corruption at the power utility.

Fin24.com | As it happened - Day 3 of Koko's disciplinary hearing

Koko's disciplinary hearing heard evidence that he fired people and companies at Kusile without authority, creating a rift between him and other executives.

Fin24.com | Top6 on Fin24: Ramaphosa rumours roil rand, MP's question Molefe payout, and impressions of CT's new R10bn development

ICYMI: here is a roundup of the best 6 reads on Fin24 for Friday.

Fin24.com | Info of children as young as 3 found in SA data breach

Personal information of children as young as 3 years old has been identified in the country's biggest data breach by a security researcher.

Fin24.com | Transnet contracts, exposed in #Guptaleaks, to feature in FBI probe

Transnet's contracts with Swiss crane manufacturer Liebherr and China South Rail are set to star in the FBI Gupta investigation.

Fin24.com | Hedge fund sues Barclays for $850m in metal market abuse case

Red Kite Management is suing Barclays for alleged market abuse in the copper market that it claims cost the firm at least $850m between 2010 and 2013.

Fin24.com | Facebook, Google, Twitter will send lawyers to face congress

Tech giants will all send their top lawyers to testify in front of congressional committees investigating how Russia used social networks to interfere in the 2016 US elections.

Fin24.com | South32 said to study bid for $1.6bn Rio coal mines

South32 is studying a potential bid for Rio Tinto's $1.6bn coking coal portfolio, as it seeks to take advantage of surging prices for the steelmaking ingredient.

Fin24.com | WRAP #StateCapture: MPs grill Eskom's pension fund over Molefe

Members of Parliament grilled the Eskom Pension and Provident Fund about why they allowed Eskom's request that saw ex-CEO Brian Molefe given a R30m pension payout.

Fin24.com | Rumours of Ramaphosa axing roils rand

The rand has led emerging market currency declines against the dollar amid speculation that President Jacob Zuma is preparing to fire his deputy Cyril Ramaphosa.

Fin24.com | Rand plunge lifts major JSE indices to new highs

The rand's sharp fall to its weakest level in a week-and-a-half has given the JSE a welcome push, lifting the major indices back to all-time highs.

Fin24.com | Samsung said to open giant London showroom to rival Apple

Samsung has agreed a deal to open a new space in London's King's Cross district which will serve as a showcase for its products and technology.

Fin24.com | BLSA backs new SAA board

Business Leadership SA says the appointment of the new SAA board reflects government's commitment to strengthening the airline and taking steps towards transformation at state-owned enterprises.

Fin24.com | Brian Molefe's young wife boosted his pension payout

Former Eskom CEO Brian Molefe's marriage to Arethur Moagi in December 2016 boosted his pension payout, according to the CEO of the Eskom Pension and Provident Fund.

Fin24.com | JUST IN: Stats SA appoints Pali Lehohla's successor

Statistics South Africa has appointed a new head, who will take over the reins from Pali Lehohla when his term ends on October 31.

Fin24.com | Mango strike called off following agreement - union

Mango pilots have returned to work this morning after a labour dispute with the low-cost airline was resolved on Thursday night.

Fin24.com | PICS: Live, work, play at new R10bn Cape Town development

Property developer Amdec has launched its R10bn Harbour Arch development, which will be located in Cape Town CBD's foreshore area.

Fin24.com | #SADataBreach: Local experts say don't panic

Local internet expert Steven Ambrose has urged the public not to panic after the country's largest data breach.

Fin24.com | Ramaphosa on SAA: Wait for mini budget for more info

Deputy President Cyril Ramaphosa has asked members of Parliament to be patient and wait for the medium term budget policy statement to hear how government plans to inject capital into South African Airways.

Fin24.com | Koko hearing told Impulse CEO approached Mrs Koko to recruit her daughter

The CEO of Impulse International Pragasen Pather approached Mrs Koko to get her daughter involved at the firm, forensic investigators revealed.

Fin24.com | Koko declared 'conflict of interest' to former CEO Brian Molefe - as it happened

Witness Annemarie Krugel has testifies to the nature of the relations that existed between former Eskom acting CEO Matshela Koko, his stepdaughter, his wife and CEO of Impulse International Pragesan Pather.

Fin24.com | UK government worries over fallout of state corruption in SA

The British government says it is taking allegations of state-linked corruption in SA very seriously, as possible links to UK banks could sully the reputation of its financial industry.

Fin24.com | SAA pilots relieved 'dark days' of Myeni are over

The departure of SAA chair Dudu Myeni has come as "a welcome relief" to the South African Airways Pilot Association.