adminImportance of derivatives
Thomas MuserepwaDerivatives have found much of their use in the financial world where their advantages are undisputedly high especially in hedging against risk. However, they also have many uses in
Meikles Africa still in the red
Golden Sibanda Senior Business ReporterLISTED conglomerate Meikles Africa says it has recorded a 47 percent improvement in financial performance as full year loss declined to US$3,4 million in the second half from US$5 million in the first
Advantages of ethics training
Bradwell Mhonderwa Business EthicsGlobally, training in business ethics has become a key management tool through which company performance can be enhanced. Business ethics training has evolved to provide a competitive
Tackle economic crisis: CZI
Martin Kadzere Senior Business ReporterTHE Confederation of Zimbabwe Industries last week declared an economic crisis in the country and called for immediate action to avert a worsening of the situation. “CZI declares an economic crisis and
Cash-strapped BNC scraps pay for idle staff
Bright Madera Senior Business ReporterBINDURA Nickel Corporation yesterday suspended salaries to staff not involved in the care and maintenance programme after a US$10 million loan from its parent company, Mwana Africa Plc, last
RBZ acts on bank debt
Tawanda Musarurwa Business Reporter
THE Reserve Bank of Zimbabwe has made a US$1,3 million payment to banks in settlement of outstanding statutory reserve balances. The payment forms part of initial steps towards clearing a
Uganda bans physical contact as Ebola reaches capital
KAMPALA. — Uganda’s president yesterday banned all physical contact after a victim of a deadly outbreak of the Ebola virus was reported in the capital Kampala for the first time. “The Ministry of Health
Massive power outage hits northern India
NEW DELHI. — India’s northern states, including the national capital, were hit by a massive power outage yesterday in what is said to be the worst black-out due to the failure of the northern grid since 2001.
SA advances ties with US
JOHANNESBURG. — The South African government is promoting its relationship with the United States by increasing the new exchange and co-operation in recent months. US Secretary of State Hillary
Morgan a master of reverse politics
Kurai Prosper MasenymaIn a clear revelation of his now legendary vacillating judgement the leader of the Movement for Democratic Change Morgan Tsvangirai, who is also the Prime Minister in the inclusive Government,