adminSA mining firm pulls out of Zim
The Zimbabwe Mining Development Corporation will use its own resources to reopen the Kamativi Tin Mines following the withdrawal of a South African suitor.
The revival of Kamativi Tin Mines, the former life blood for Matabeleland North, was put on hold in 2012 after the prospective South African investor failed to pay commitment
Brics to launch development bank
Leaders from the BRICS emerging nations are expected to launch a joint development bank to rival western-dominated institutions at a summit beginning today.
The grouping of Brazil, Russia, India, China and hosts South Africa will meet in Durban to set up an infrastructure-focused lender that would challenge seven decades of
Champions Insurance partners Spanish company
Business Reporter
The partnership deal between local insurance company Champions Insurance and Madrid based Mapfre Asistencia insurance company of
Spain is set to play a crucial role in efforts to re-engage the country’s firms with European partners who had ceased doing business with the country following its isolation by mostly
11years for poaching: new law
Government has enacted new laws imposing stiffer penalties of up to 11 years for poaching protected animals, the Zimbabwe Parks and Wildlife Management Authority has said.
ZPWMA public relations manager Ms Caroline Washaya-Moyo said the new laws would affect criminals who kill any protected animals gazetted by the Ministry Environment and
Irrigation hectarage falls
Business Correspondent
THE country’s irrigation farming is still in the doldrums amid revelations that only 135 000 hectares of land is under irrigation down from 250 000 ha in 2000, an official has said.
In an interview in Bulawayo on the sidelines of the Irrigation Policy consultative workshop, director for the Department of Irrigation Development, Dr Conrade Zawe, said land
Ethics champions emerge
Bradwell Mhonderwa Business Ethics
A quiet revolution is unfolding in our midst. An army of ethics champions is being raised to take charge of all key sectors of the economy and break every chain of misdemeanour inherent in the economy.
Cyprus clinches last-ditch deal
CYPRUS clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a US$13 billion bailout.
Dell evaluates takeover proposals
Washington. — A special committee of Dell Inc’s board is evaluating separate takeover proposals from Blackstone Group and billionaire investor Carl Icahn to decide whether either or both are likely to trump an existing US$24,4 billion take-private deal, a source familiar with the discussions said on Sunday.
House prices up in Britain
London. — House prices in England and Wales posted their biggest month-on-month gain in three years in March, driven by increases in London, a survey showed yesterday.House prices rose 0,3 percent from February, the biggest increase since 2010, according to a survey by Hometrack, a property analysis firm. In year-on-year terms house prices
SA’s Motlanthe backs nuclear power plants
Midrand. — South Africa needs more nuclear power plants to meet rising electricity demand, Deputy President Kgalema Motlanthe said yesterday, as industry experts estimated local input into building additional reactors could generate up to R60 billion for the country’s nuclear sector.