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Chinese company pays R618m back to Transnet, more expected

State-owned freight rail company Transnet has been paid back R618m by a Chinese company that it concluded a maintenance deal with in 2016.

Brexit Update: May cancels trip to World Economic Forum in Davos

Theresa May cancelled her trip to next week's World Economic Forum in Davos, and will stay in the UK to handle the Brexit crisis.

SPECIAL REPORT What would really happen to data costs without bundles?

Why is data in South Africa so expensive? Why does it 'expire'? And is there anything that anyone can do about it? Fin24 unpacks the issues in the final instalment of this four-part series on the cost of data in SA.

I have my lawyers and nothing to hide, says Brian Molefe on Transnet summons

Former Transnet CEO says it is typical of individuals to put together flimsy summonses only to go quiet and non-responsive to them when lawyers reply to the summons.

Markets WRAP: Rand closes at R13.79/$

The rand closed at R13.79/$ at 17.00 CAT after trading in range of 13.6554-13.8324 for the day.

Reserve Bank mandate is enshrined in the Constitution - Kganyago

The central bank governor was speaking in the wake of calls to expand the bank's mandate by taking into account employment creation and economic growth in addition to protecting the value of the currency.

JSE closes weaker as retailers flag lower festive season sales

Trading updates from Mr Price and Woolworths reflected lower than expected sales volumes during the December holidays.

EU says it is taking 'very seriously' the possibility of a no-deal Brexit

The European Commission says it is 'not taking any chances' in preparing for Brexit as the possibility of a no-deal divorce was seen to increase after UK Prime Minister Theresa May's withdrawal agreement suffered a historic defeat.

Confidence key to SA agriculture amid land, climate fears - Wandile Sihlobo

The issue of confidence comes up over and over again when talking about investment in the agricultural sector, says the agricultural economist.

Zim internet restored, but partial social media blackout 'until further notice'

The Zimbabwean government has restored some internet connectivity in the country, but a partial social media blackout remains.

SA, Nigerian growth challenges could be unlocked post-elections - Deloitte

Structural impediments to economic growth in South Africa and Nigeria could be unlocked after the two largest economies in Africa go to the polls in the first half of 2019, says Deloitte's Dr Martyn Davies.

Popo Molefe says new board found 'horror show' at Transnet

The state-owned freight rail company has issued summons to former top executives implicated in financial mismanagement with a view of recouping some of the squandered money.

Reserve Bank keeps repo rate unchanged at 6.75%

Governor of the SA Reserve bank Lesetja Kganyago announced the benchmark rate at a media briefing in Pretoria.

Govt said to want Eskom to table turnaround strategy before Budget

The government is pushing Eskom to present a credible turnaround strategy before the National Budget on February 20, a person familiar with the situation said.

All eyes on the Reserve Bank for first rate decision of 2019

The Monetary Policy Committee of the SA Reserve Bank will make its first interest rate announcement of 2019 on Thursday.

May faces tough talks with opponents to get a new Brexit deal

British Prime Minister Theresa May is entering the most delicate and dangerous negotiations of the country's split from the European Union as she searches for a compromise with her political enemies that will deliver a Brexit deal.

Ferial Haffajee: Data expiry must expire

Expiring data is a business anachronism and must die out, says Ferial Haffajee.

BOOK REVIEW: Quick custom hearing aids, printing an air force - manufacturing's new phase

We are witnessing an epochal business shift that happens once a century, says Ian Mann.

MONEY CLINIC: Desperate for cash? Should you dig into your savings or use your credit card?

Have a money problem that needs solving? Fin24 can help! This month our focus is on debt. Send your question to or find the Money Clinic box on the right of our homepage.
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