adminZimra exceeds revenue target
Business Reporter
THE Zimbabwe Revenue Authority exceeded its revenue collections for 2011 by 11 percent at US$2,8 billion after exceptional performance in value added and individual taxes.
Towards a US$100bn economy by 2040
Shepherd Mverecha
Highlights
l Target national GDP, US$100 billion by 2040
l Target Per Capita GDP, US$7 000 by 2040
l Target job creation, 100 000 jobs per year (3 000 000 by 2040)
Greek PM confident debt swap will be clinched in time
ATHENS. – Greek Prime Minister Lucas Papademos said yesterday he was confident a deal on a crucial debt swap plan would be reached in time, striking an optimistic tone despite mounting concern over Athens’ race against the clock to avoid a disorderly default.
Euro to stay despite crisis, says EU
HONG KONG. – The euro is here to stay as a global currency and the eurozone will bounce back from its debt crisis, European Union Commissioner for the Internal Market Michel Barnier said yesterday.
Barnier repeated his surprise at ratings agency Standard & Poor’s decision last week to downgrade nine eurozone states,
Nico Agro plans to raise US$7m
Bright Madera Senior Business Reporter
FERTILISER company Nico Orgo intends to raise US$7 million through locally registered agro bills to finance the 2012/2013 agricultural season.
Moxon consolidates Meikles shareholding
Golden Sibanda Senior Business Reporter
The Moxon Group has consolidated its shareholding in Meikles Limited into non-resident entity Gondor Capital Limited in what could enable the diversified firm to mobilise US$200 million in offshore capital.
Feathers fly in chicken war
Daniel Nemukuyu Senior Reporter
INNSCOR Africa Limited has approached the High Court to seek an order barring a local farmer from opening food outlets using brand names believed to be similar to those of its subsidiary companies.
Google, Facebook battle Indian criminal charges
NEW DELHI – Google and Facebook yesterday fought in the Delhi High Court to quash criminal charges that they are responsible for obscene online content.
The companies, which are set to be joined in their action by Microsoft and Yahoo!, have filed petitions asking for a lower court
Malema’s lawyers start appeal process
JOHANNESBURG – Embattled ANC Youth League president Julius Malema’s lawyers were expected to submit heads of arguments yesterday in his appeal against his five-year suspension from the ANC.
Advocate Patrick Mtshaulana said these will detail why Malema’s suspension should be overturned.
Nigerian unions call off nationwide strike
ABUJA/LAGOS – Nigerian unions yesterday ended a week-old nationwide strike after president Goodluck Jonathan agreed to lower petrol prices, while security forces shot into the air and fired tear gas to disperse protesters.
An AFP correspondent said soldiers first shot into the air to disperse protesters before police fired tear gas, forcing them to