adminNSSA insists on mergers
Business ReporterTHE National Social Security Authority says it will not capitalise any banking institution in which it has interests, but will instead consider merging their operations.
Last year, the Reserve Bank of Zimbabwe raised minimum capital thresholds for commercial and merchant banks from US$12,5 million and US$10 million to US$100 million
CZI hails President’s call for peace
Golden Sibanda Senior Business Reporter LEADERS at every level should actively embrace and spread President Mugabe’s call for a peaceful election this year, the Confederation of Zimbabwe Industries has said.
CZI president Mr Kumbirai Katsande implored leaders to spread the President’s word of peace ahead, during and after the forthcoming harmonised polls so that it reaches every
Tyson follows Luis Suarez
LONDON. — Luis Suarez has a new brother in arms in former heavyweight boxing champion Mike Tyson. Tyson, who famously bit the ear of Evander Holyfield during a 1997 world heavyweight title fight, began following Suarez on Twitter after the Liverpool striker sunk his teeth into the arm of Chelsea’s Branislav Ivanovic during an English Premier League
Acid test for Bayern
MUNICH. — Bayern Munich face the litmus test in their bid to become the first German soccer team to win the treble of European, league and cup titles when they host Spanish giants Barcelona in tonight’s Champions League semi-final, first-leg.
Pakistani govt rules out treason charges
ISLAMABAD — Pakistani caretaker government yesterday refused to initiate high treason proceedings against former President Pervez Musharraf, saying it has a limited mandate to hold elections and deal with routine affairs.Non-white South Africans major speakers of Afrikaans
JOHANNESBURG — More black, coloured, and Indian South Africans speak Afrikaans at home than white South Africans, the SA Institute of Race Relations (SAIRR) said yesterday.Five die in Washington shooting
WASHINGTON — Five people died in a shooting incident in an apartment complex near Seattle in the north-west US state of Washington, news reports said yesterday.The dead included a man shot by several police officers as he lay on the ground in a parking lot and reached for a gun, police spokeswoman Cathy Schrock said, according to The
Assad vows zero tolerance
CAIRO — Syrian President Bashar Assad has said his country would not relent in fighting against “militants and terrorists”, Syria’s state-run news agency Sana reported yesterday, as the opposition said dozens had been killed by government troops near Damascus.Russian intelligence monitored Boston bombing suspect
MAKHACHKALA/MOSCOW. — Russian security services monitored Boston bombing suspect Tamerlan Tsarnaev during a five-month visit he made to the North Caucasus region of Dagestan in 2011-2012, but found no reason to arrest him, a security source told AFP yesterday.Chinese rescue workers in race against time
LUSHAN — Chinese rescue workers are in a race against time to save countless lives as aftershocks, landslides and rain hamper rescue efforts in the mountainous regions of Sichuan province.