adminShun corruption, private sector urged
The private sector should play a leading role in preventing corruption to create a transparent local business culture, an official said last week.Ethics Institute of South Africa chief executive officer Mr Deon Rossouw told an Institute of Directors of Zimbabwe meeting that it was possible to succeed in business without
Innscor faces penalty
Rumbidzayi Zinyuke Business ReporterDIVERSIFIED group Innscor Africa Limited is likely to be penalised by the Competition and Tariff Commission over allegations that it did not follow proper regulatory procedures in its acquisition of a majority stake in the country’s largest miller, National Foods Limited.
Is Zim prepared for climate disasters?
Jeffry Gogo Climate Story
The recent weather calamities in the southwest and Midlands areas of Zimbabwe, where giant hailstones some weighing as much as 1kg battered households and public
Scrap fuel subsidy, Nigeria urged
LAGOS. — The International Monetary Fund has urged the Nigerian government to scrap the fuel subsidy scheme in order to stimulate fiscal adjustment and enhance economic growth.‘Fed boosts too big too fail’
WASHINGTON. — Federal Reserve Chairman Ben Bernanke on Friday said the central bank is stepping up its monitoring of “too big too fail” companies and other risks to financial stability.India’s industrial output up 2,5pc
NEW DELHI. — India’s industrial output accelerated by a surprise 2,5 percent in March, its fastest pace in five months, data showed last Friday, fuelling hopes that a sharp economic slowdown could be bottoming out.Amplats to axe 6 000 jobs in SA
JOHANNESBURG. — Top global platinum producer Anglo American Platinum last Friday unveiled revised plans to cut 6 000 jobs at its South African operations, risking renewed labour unrest.Africa revenue rises, poverty remains
Martin Kadzere in CAPE TOWN, South AfricaREVENUES being generated by many African countries from natural resources have increased, but a decade of highly impressive growth has not brought comparable improvement in the standards of living, according to the latest report by African Progress Panel.
Ethiopian Dreamliner bounces back
Walter Muchinguri and Kudakwashe PembereETHIOPIAN Airlines’ latest acquisition, the Boeing 787-800 Dreamliner, returned to Harare skies on Thursday last week ahead of its deployment to service the Harare-Addis Ababa-via-Lusaka route, and others starting last Saturday.
Roberto Mancini angry with Manchester City officials
LONDON. — Roberto Mancini was publicly critical of the Manchester City hierarchy after their FA Cup final defeat for failing to stop speculation about his future.The build-up to City’s 1-0 loss to Wigan was overshadowed by reports that Mancini would be sacked as manager and replaced by Malaga’s Manuel Pellegrini.