Gatebe on cloud nine

CAPE TOWN — David Gatebe’s victory in the Two Oceans 56km ultra-marathon may have caught the majority of spectators by surprise, but he says it was the result of well thought out preparation.

ECB on corruption

LONDON — The England and Wales Cricket Board remains confident its proactive approach will keep the threat of corruption in the domestic game at bay.
Professional Cricketers Association’s legal advisor Ian Smith warned in an interview with the Daily Mail that the time delay before Indian broadcasts of televised domestic

Juventus eye second successive title

ROME — Juventus edged closer to a second successive Italian Serie A soccer title after winning 2-1 in a pulsating “derby of Italy” at old rivals Inter Milan on Saturday, while AC Milan moved up to second after beating Chievo Verona 1-0.

Sebastian Vettel apologises

LONDON — Formula One world champion Sebastian Vettel has apologised in person to Red Bull staff for ignoring team orders in a controversial Malaysian Grand Prix last weekend.

Telecel boss resigns

Telecel Zimbabwe boss Mr Francis Mawindi has resigned hardly a year after he was appointed chief executive officer of the mobile telecommunications company.
In a statement, board chairman Mr James Makamba announced the departure of Mr Mawindi saying he was leaving to pursue other opportunities.

Essar to get mining rights — Minister

Golden Sibanda Senior Business Reporter
INDUSTRY and Commerce Minister Welshman Ncube says there are no sticking issues to the transfer of mining rights to Essar Global, which acquired a 60 percent stake in Ziscosteel from Government.

Climate change policy overdue

Jeffrey Gogo  Climate Story

THERE is a problem in the country, one that delays corrective action on the effects of climate change.
For years, there has been talk of formulating a national response strategy to    climate change (or a climate change policy) to help deal with the effects of the science in an

Cyprus may impose 60pc losses on deposits

CYPRUS. – Cyprus may impose losses of as much as 60 percent on Bank of Cyprus Plc accounts exceeding 100 000 euros as part of an aid deal to stop the country from going bankrupt.

Japan predicts output rebound in April

TOKYO. – Japan’s manufacturers predict a rebound in production this month after the deepest slide since the aftermath of the March 2011 earthquake, with the central bank poised to step up monetary stimulus next week.

Interest rate cuts won’t hurt us: Barclays

Business Reporter
BARCLAYS BANK ZIMBABWE says the Memorandum of Understanding signed between bankers and the Reserve Bank of Zimbabwe to cut interest rates will have minimum effect on its net interest income.

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