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Dairibord to import more heifers

DAIRIBORD Zimbabwe is targeting to import at least 250 heifers this year for distribution to farmers as part of efforts to increase milk production in the country.
Dairibord introduced the scheme last year where the first 250 heifers were imported from South Africa and distributed among farmers in Manicaland, Midlands and Harare

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PG Industries sinks deeper into the red

Rumbidzayi Zinyuke Business Reporter
PG Industries Zimbabwe Limited recorded its third consecutive annual loss since dollarisation despite disposing of non-core assets in order to reduce the group’s short-term debts.
The group recorded a loss of US$7,9 million for the year to December 31, 2012 compared to US$5,5 million loss in the previous year.

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Driving to suit conditions
Driving to suit conditions

Ernest Muchena

There are only six conditions in every driving situation. The conditions can be either favourable or unfavourable. A driver must adjust properly to them. 
Failure to properly adjust to them can lead to an accident. This is the first in a series of articles on the six conditions that are present in every driving situation.

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ECB holds rates steady amid Cyprus concerns

FRANKFURT. – The European Central Bank held yesterday its main refinancing rate steady at a historic low of 0,75 percent, despite concerns about the fallout from the Cyprus bailout for the eurozone as a whole.

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Claims against JP Morgan dismissed

NEW YORK. – A US judge has dismissed claims made by Franco-Belgian bank Dexia against JP Morgan in a dispute over “subprime” mortgages, the New York Times reported yesterday.

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Ghanaian Gold Fields wrokers on strike

ACCRA. – About 3000 workers at the South African-owned Gold Fields Ghana have gone on strike to demand an improvement in conditions of service and an end to alleged racism and discrimination.

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Rahul Gandhi woos the poor

NEW DELHI. – Rahul Gandhi, often described as India’s prime minister-in-waiting, said yesterday in a keynote address designed to raise his profile that the poor must see the benefits of economic growth.

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BoE lending rate at record low

LONDON. – The Bank of England voted to leave its main lending rate at a record-low level of 0,50 percent and refrained from pumping out more new cash yesterday, with the threat of a return to recession for Britain easing slightly.

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Greek offshore accounts under probe

ATHENS. – Over a hundred Greek offshore banking accounts will be probed by authorities after an international journalist group published information on over 122 000 tax haven accounts, the Greek government said yesterday.

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More austerity for Cyprus

NICOSIA. – Cyprus must still adopt 351 million euros in austerity measures in its 2013 budget before receiving EU financial aid expected in May, according to a bailout agreement signed with international lenders.

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