adminChina expecting more non-communist senior officials
BEIJING. — More non-communist Chinese talents would be appointed as chiefs, rather than deputy heads of governmental agencies, according to an official statement issued on Sunday. Currently, two ministers in the cabinet are not members of the ruling Communist Party of China. Concrete efforts should be made to reserve more vacancies as government heads orPope Benedict turns 85
VATICAN CITY — Pope Benedict XVI celebrated his 85th birthday yesterday with visitors from his native state of Bavaria in Germany and is now the oldest pope since Leo XIII, who died in 1903 aged 93. The pope began his birthday with mass in the frescoed Pauline Chapel in the Vatican’s Apostolic Palace along with his 88-year-old brother Georg Ratzinger, himself a bishop
US pick favoured to lead World Bank
WASHINGTON. — The World Bank was expected to name US Dr Jim Yong Kim its next president yesterday as his only rival, Nigerian Finance Minister Ngozi Okonjo Iweala, lashed out at Washington’s perennial lock on the job. While the US nominee faced a challenge for the first time ever, there was little doubt that the Bank’s most powerful shareholders the United States,
Zimra beats revenue target
Bright Madera Senior Business Reporter
THE Zimbabwe Revenue Authority has surpassed its first quarter revenue target by 8 percent, collecting US$773,7 million on the back of improved compliance levels by clients. The revenue authority had intended to collect US$715,4 million during the
Pioneer out of the woods
Golden Sibanda Senior Business ReporterTRANSPORT and logistics firm Pioneer Corporation Africa has turned around its fortunes after recovering from a loss position in 2010 to post US$291 000 profit in the full year to December 31, 2011. The improved financial performance came on the back
Essar to get mining rights
Business ReporterGOVERNMENT will soon issue a Special Grant for the transfer of mining rights to Essar Africa for the Indian firm to revive NewZim Steel Limited. Mines and Mining Development Minister Obert Mpofu told The Herald Business in an interview his ministry was
The crux of ethical leadership
Bradwell Mhonderwa Business EthicsLEADERSHIP and decision-making are critical elements of any business and the fate of an organisation is squarely grounded on the quality of leadership and decisions its leaders make. Ethical leadership and decision-making is a phenomenon that
Establish fund for indigenous businesses, Govt urged
Business ReporterGOVERNMENT has been urged to establish a National Economic Reconstruction Fund for indigenous persons as part of a deliberate effort to thrust their entry into mainstream business. In a statement, former AAG Midlands region chairperson Mr
TM rebranding to take 3 years, says Pick ‘n Pay
Business ReporterSOUTH Africa’s Pick ‘n Pay, which is rebranding some of TM Supermarkets after acquiring majority stake in the firm, says the exercise would take at least three years to complete. The Cape Town-headquartered supermarket chain firm is rebranding TM
Blanket Mine ready relinquish stake
Business ReporterCANADIAN-BASED gold producer Caledonia Mining says it expects to begin implementing its indigenisation compliance transactions in the current quarter. The transactions are contained in a Memorandum of Understanding that the company went