adminNigeria, SA trade volume tops US$30bn
LAGOS. — The South African High Commissioner to Nigeria, Mr Kingsley Mamabolo, has revealed that the trade volume between Nigeria and South Africa has increased significantly to US$30 billion.Italy deficit up
ROME. — Italy’s deficit rose to 8,0 percent of gross domestic product in the first quarter of this year due to lower tax revenues and higher interest payments on debt, official data showed yesterday.Chery Auto exports surge
HEFEI. — Chery Automobile Co. said yesterday that its exports for both May and June exceeded 20 000 units, marking a new stage for the company’s overseas expansion.Former IMF head in the dock
MADRID. — A Spanish court yesterday brought charges against Rodrigo Rato, former head of the International Monetary Fund, over alleged corruption in the spectacular failure of Spanish lender Bankia.Parastatals burdensome: Report
Martin KadzereSenior Business Reporter
GOVERNMENT needs to sell loss-making parastatals to reduce pressure on the fiscus and create space for debt settlements, says a research report.
A report by a private research company, MMC Capital, said the Government should expand its revenue base through formalising the informal sector and leveraging on minerals.
Milk production up 7pc
Milk production in Zimbabwe increased by 7 percent last year as most farmers intensified production while new ones joined the industry.Agriculture, Mechanisation and Irrigation Development chief dairy officer Mrs Tendai Marecha said milk production rose from 47 million litres in 2010 to 50,6 million last year.
Govt completes crafting new energy policy
The Government has finished crafting a new energy policy that seeks to map out strategies to address challenges afflicting the sector, a Cabinet minister has said.Energy and Power Development Minister Elton Mangoma said the new policy would be launched soon.
Zimplats board chairman resigns
Business ReporterMr David Brown has stepped down as chairman and non-executive director of Zimplats with effect from June 30, the platinum firm has announced.
Zim to host Africa dairy farmers’ congress
ZIMBABWE will next year host the ninth Eastern and Southern African Dairy Association conference and exhibition which is set to attract more than 300 delegates from 40 countries.
The substandard has no place in our lives
Zachary Aldwin
Milkshake in the boardroom
The fight goes on ladies and gentlemen! I would like to continue with the persistent battle against the raging substandard that threatens to creep into our lives.