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IPEC seeks to raise investment limits

Business Reporter
THE Insurance and Pensions Commission has proposed upper limit investments for life companies and pension funds as it seeks to enhance their viability. IPEC has proposed a 70 percent investment limit of

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Gold falls to six-month low

LONDON. — Gold fell to a six-month low last Friday, breaking through technical support near US$1 630/oz, as the euro weakened against the dollar ahead of a Group of 20 meeting, which should give

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European stocks pause ahead of G20 meeting

LONDON. — Europe’s main stock markets paused on Friday as investors awaited the start of a Group of 20 meeting that is expected to focus on growing talk of “currency wars”, analysts said. “With G20

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Tread carefully on climate deals, Africa warned

NAIROBI. – Representatives of the African Civil Society Organisations and Networks coalescing under the Pan African Climate Justice Alliance have urged African governments not to enter into climate

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Time Africa acted on emission projects

AFRICA’S share of total global Clean Development Mechanism projects remains disappointingly small despite mounting evidence of the dangerous effects of a warmer earth. Despite the large-scale

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2013 crop hectarage down: Made

TOTAL hectarage planted for major food crops has declined to 1,4 million hectares this year from 1,9 million hectares planted in 2012, a Cabinet minister has said. Addressing the Joint Command and Staff

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Diversify export base, AfDB urges Zim

ZIMBABWE should focus on diversifying its export basket for it to lower the widening trade deficit, the African Development Bank has said. The country presently imports about US$7 billion worth of goods,

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Eurozone posts trade surplus

BRUSSELS. – The 17-nation eurozone posted a 2012 trade surplus of 81,8 billion euros (US$108 billion), more than reversing a deficit of 15,7 billion euros in 2011, official data showed last Friday. For

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Stick to deficit target, France urged

BERLIN. — A top member of the European Central Bank last Friday called on France to stick to its deficit-reduction targets after Paris indicated it might miss its goal due to worse-than-expected growth

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Growing unemployment worries SA

CAPE TOWN. – South Africa is Africa’s largest economy, but the problem of growing unemployment is a huge cause for concern for the African National Congress-led government. The Southern African

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