adminManaging veld fires
What are veld fires?These are blazes that get out of control and become wild, and in the process destroy extensive tracts of forests, grasslands, animals, people and
Barclays, Absa to combine African operations
JOHANNESBURG. — Barclays Bank and its subsidiary, Absa, say they are engaged in negotiations to combine the majority of the Barclays Africa operations. Maria Ramos, chief executive of Absa Group and Barclays Africa, confirms the discussions, saying the proposed combination is the nextNigerian CDMA operators plan merger
LAGOS. — Three Nigerian Code Division Multiple Operators (CDMA) operators, Multilinks, Starcomms and MTS are currently wrapping up a merger arrangements that would produce a mega CDMA network in the country. An impeccable source who is privy to the merger arrangement but wished toSharp mulls selling plants
TOKYO. — Japan’s embattled Sharp is considering selling television assembly plants in China and Mexico and shedding 3 000 jobs, boosting the number of planned payroll cuts to 8 000, reports said yesterday. Sharp is mulling the sale of the two factories as part of talks with Taiwanese partnerTough times hit platinum industry
JOHANNESBURG. — South Africa’s deadly platinum mine strike exposed deep-rooted labour troubles in an industry already buckling under soaring production costs and depressed demand for the metal. The illegal strike that started on August 10 left 10 dead in battles between members ofAfDB moots infrastructure bond for Africa
The African Development Bank (AfDB) last week recommended that Sadc countries set aside 5 percent of their monetary reserves to establish an infrastructure bond. He said the 5 percent investment would add up to US$22 billion, and this could be used to finance construction of infrastructureSadc creates mechanism to boost development
Joseph NgwawiSouthern Africa is taking steps to accelerate investment in infrastructure, considered one of the key facilitators of regional integration. The Council of Ministers of the Southern African Development Community has approved the setting up of a long-awaited Regional Development Fund, one of
Eurozone woes distress markets
Prodigy Chinanga Money in MotionVOLATILITY in traditional markets like currency market has pushed investors to look for alternative asset classes like gold, wine, diamonds and art. In the currency market we could see a correction in the euro in its trade with the United States dollar to around 1,2250. The euro-dollar pair is
Zim youth leader scoops top global award
Business ReporterZimbabwean youth leader Precious Simba was last week named as one of the three winners of the Goldman Sachs & Fortune Global Women Leaders award. According to ZimPAS, she will receive the award at the Fortune Most Powerful Women summit scheduled for October 2 in Laguna Niguel,
ZSE industrial index slips
Martin Kadzere Senior Business ReporterTHE Zimbabwe Stock Exchange industrial index fell yesterday on losses in selected heavyweight stocks while the mining index remained flat.
After trades, the industrial index was down 0,84 percent at 132,69 points. The mining index was steady for the sixth consecutive day at 89,04 points