Fin24 Daybreaker | As Hawks start probe into MTI, anxious investors pray they can still get something out

Latest lockdown regulations increase chance of interest rate cut in January, says economist

View Online Daybreaker A snapshot of the day's business and economic news. AHMED AREFF, FIN24 DEPUTY EDITOR As Hawks start probe into MTI, anxious investors pray they can still get something out As the Hawks start a probe into Stellenbosch Bitcoin trader Mirror Trading International, which has been placed into provisional liquidation, members who invested often significant sums in the cryptocurrency platform are fearing what the new year will bring. Many sunk scarce savings into the cryptocurrency trading scheme this year in the hopes of building up a nest egg for 2021. Now they are waiting for the outcome of a court case, the results of a probe by the Hawks, and for news of the whereabouts of MTI's CEO and founder, who has not been heard from for more than a week. Read More Latest lockdown regulations increase chance of interest rate cut in January, says economist The chance of a one-off 50 basis points interest rate cut by the SA Reserve Bank in January is rising but by no means certain, according to an economist. Steep fuel price hike expected in January, AA warns The AA made a prediction of a price hike based on unaudited month-end fuel price data released by the Central Energy Fund. OPINION | Retrenched during Covid-19? What you can do with your payouts In the last of a three-part series Duane Naicker looks at how best to use severance pay and manage retirement funds if you have suffered a retrenchment. WATCH | Get set for more volatility in oil prices in 2021 New lockdowns and a phased rollout of vaccines to treat the coronavirus could restrain crude oil demand next year, and perhaps beyond. Eskom must pay benefits to employees working in remote areas, CCMA rules The CCMA has ruled that Eskom had unilaterally changed conditions of service for employees working in remote areas back in 2017, and the power utility must now pay up. Back to stalemate between SAA pilots and rescue practitioners A key sticking point between SAAPA and the rescue practitioners relates to a regulating agreement the association has had in place for decades. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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