adminDangote ramps up Nigeria sugar production
THE Dangote Group announced plans to invest more than US$600 million in the production of sugar in three northern states of Nigeria.Billionaire businessman Aliko Dangote who said the investment would increase sugar production to about 65 million tonnes of sugar and create about one million jobs, said the
Absa, MTN taskforce fights fraud
MTN and Absa have partnered in the fight against Sim Swap fraud cases. Yesterday, the mobile network operator and banking firm, respectively, formulated a task team that will devise new ways to rapidly clamp down on the problem
Poor uptake for Youth Fund
Herald Reporter
THERE has been a low uptake on the Youth Fund launched two years ago by Old Mutual as only US$2,7 million has been disbursed out of the US$10 million set aside to help young people in various empowerment projects.
FirstRand eyes Nigerian banks
FIRSTRAND, South Africa’s financial services provider, has expressed interest in acquiring Nigeria’s two nationalised banks.FirstRand chief executive Sizwe Nxasana confirmed his company hoped to acquire Keystone and Mainstreet Banks by next year.
Dutch trader nabbed for horse meat fraud
THE HAGUE. – Dutch meat wholesaler Willy Selten was arrested yesterday for allegedly selling 300 tonnes of horsemeat labelled as beef, the public prosecutor said.“The director and the interim director have been arrested,” a statement said. “They are suspected of false accounting and fraud.”
BlackBerry 10 takes SA by storm
JOHANNESBURG. — In line with forecasts ahead of the launch of its new devices, smartphone manufacturer, BlackBerry has reported an overwhelming response to the gadgets.Responding to questions from CAJ News, BlackBerry managing director for South Africa and Southern Africa, Alexandra Zagury, said since the launch of their new BlackBerry 10
UK economy returns to growth
LONDON. — Britain’s economy expanded by 0,3 percent in the first quarter of 2013, official data confirmed yesterday, returning to growth and avoiding its third recession since the 2008 global financial crisis.Vale, Rio Tinto stand accused
MAPUTO. — Global mining giants Vale and Rio Tinto have neglected thousands of Mozambicans who have been moved from mining areas and resettled without proper homes or income, Human Rights Watch alleged yesterday.Italy’s non-EU exports dip
ROME. — Italy’s exports to countries outside the European Union fell by 0,7 percent in April from the March level, dampening hopes that sales abroad will spur recovery in the recession-hit country.Spain’s borrowing costs rise
MADRID. — Borrowing costs for Spain crept higher yesterday as the recession-hit country made big inroads into financing state spending for 2013.The Spanish treasury raised 4,076 billion euros in a sale of bonds expiring in three, five and 13 years. But demand for the bonds eased off and the Treasury had to offer a