Successful businesses solve problems

There are many reasons why people become entrepreneurs and the critical one is to succeed in a chosen business venture. They bring onto the market products that they want to sell and if the product solves a business problem, the voilume of sales can easily measure its popularity. For one to be called a successful or

. . . as European stocks steady

LONDON. — European stock markets stead­ied last Friday but the euro fell at the end of a week marked by an EU summit on the Greek crisis, new rules to control eurozone budgets and massive central bank funding for banks. In afternoon deals, London’s FTSE 100 index of leading shares dipped 0,10 percent to 5 925,69

Malema asks to stay in ANC despite expulsion

JOHANNESBURG — Julius Malema has asked to stay on as a member of the ruling African National Congress despite being expelled from the party earlier this week, a South African newspaper reported yesterday.
Speaking at a gathering of the ANC’s women’s wing on his 31st birthday on Saturday, Malema said he would not challenge the ANC in court over his expulsion for bringing the party into disrepute, even though he believed he had done nothing wrong.
Instead, he has asked the ANC’s disciplinary council to allow him to keep his party membership even if stripped of the presidency of its Youth League.
“If we made a mistake, discipline us. Don’t throw us in the dustbin,” South Africa’s Sunday Times quoted him as saying.
Expelled from the party on Wednesday, Malema was given 14 days to appeal against the ruling.
An appeal would have allowed him to stay in his position as party leader of the youth wing until the appeals process was exhausted.
The ANC handed him a five-year suspension in November after finding him guilty of violating ANC rules by causing rifts in the group and undermining its credibility with calls for the overthrow of the government of

Spare a thought for rural women

ZWRCN Desk  Women Empowerment
The 56th Session of the United Nations Commission on the Sta­tus of Women (CSW) started on February 27, 2012 in New York with participants grappling with the eco­nomic status of rural women. The theme for the CSW 2012 session is “Empowerment of rural women and their role in poverty and hunger eradication,

Kenya launches mega port project

LAMU. — Kenya last week launched the construction of a massive port, rail­way and refinery near a Unesco-listed Indian Ocean island in a project it bills as the biggest ever in an African nation. Kenyan President Mwai Kibaki, Ethiopian Prime Minister Meles Zenawi and South Sudanese President Salva Kiir unveiled a plaque in a cere­

EU deficit culprits strain new fiscal treaty

BRUSSELS. — EU leaders signed a new treaty to control budgets last Friday, vowing to turn the corner on the euro­zone debt crisis, but new deficit shocks from Spain and the Netherlands threat­ened to spoil the party. Leaders from 25 of the bloc’s 27 nations — apart from the Czech Republic and Britain — signed the treaty at a

Peugeot to hold European works council meeting

PARIS. — PSA Peugeot Citroen will hold a special European works coun­cil meeting on March 16 to discuss the effects of last week’s tie-up with US giant General Motors, unions said on Friday. “All the French, Spanish, British and German members of PSA’s Euro­pean works council asked for an extraordinary meeting concerning

Establish independent diamond body — Biti

Martin Kadzere recently in South Africa
THERE is urgent need to establish an independent body to oversee the production and sale of diamonds, as recorded output of the gem appears grossly understated, Finance Minister Tendai Biti has said. The minister said while Zimbabwe was projecting an output of about 45 million carats this year, it has since been

Savanna commissions new machine

Business Reporter
Local cigarette manufacturing com­pany Savanna Tobacco has commis­sioned a new 20-pack cigarette-packing machine that will boost the company’s competitiveness and production. The commissioning of machine, manufactured by Focke and Co of Germany, comes barely three months after the company successfully installed and

Greening the economy: Play your part

Last Saturday, March 3, Africa cel­ebrated the Africa Environment Day (AED) at a time when the continent is faced with serious envi­ronmental risks, which are predomi­nantly a product of irresponsible human activity over many years, par­ticularly from developed coun­tries. The day, which has been celebrated on March 3

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