Flash Briefing: Radical changes coming at Eskom; Soros attacks Xi; IMF warns on trade war; More money laundering scandals likely

In Davos yesterday, Finland’s former prime minister and EU presidential hopeful Alexander Stubb warned that more money laundering scandals are likely to be uncovered in the wake of the Danske Bank and Deutsche Bank investigations. Also in Davos, IMF chief executive Christine Lagarde identified the trade war between the US and China as the biggest threat to economic growth in the world. Last night 88 year old billionaire philanthropist George Soros used his annual dinner for journalists in Davos to launch a broadside at Chinese president Xi Jinping, calling him the most dangerous opponent of those who believe in open societies. In South African relates news, it has emerged in private conversations here in Davos that a radical plan is being hatched to address the terminal state of the country’s electricity provider Eskom.