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

Dangote 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

Philips to invest in Zim health

Business Reporters
Royal PHILIPS, the leading global healthcare and lighting company, has expressed its commitment to help improve health care infrastructure in the country.
Debriefing journalists in Harare yesterday about their annual roadshow, the company’s general manager in Africa, Mr Peter van de Ven, said technology enhanced lives as it

Zimra internet woes affect vehicle imports

Thupeyo Muleya Beitbridge Bureau
Zimbabwe Revenue Authority has engaged its internet service provider to attend to a technical fault at Manica Transit Shed in Beitbridge where the processing of vehicle imports had been seriously affected by connectivity problems, it has emerged.

More farmers turn to tobacco

Piety Mukuyu Agriculture ReporterThe tobacco grower base continues to grow with 90 638 farmers having registered for the 2013 marketing season. This is an improvement on the 68 604 growers…

Being ethical is good for business

There is evidence that business is facing up to ethical issues. Clearly unethical conduct can damage reputation and hit the bottom line and the share price.
In some cases it can even force a company out of business. Firms that do not have ethics programmes run the risk of more stringent legal and financial penalties — just one

Fed Reserve boss Bernanke seeks sustained job gains

FEDERAL Reserve chairman Ben S. Bernanke and his fellow policymakers, expressing concern that federal budget cuts are blunting the recovery, signalled little appetite for reducing record stimulus without what he called “real and sustainable” progress in reducing unemployment.

British economy returns to growth

Britain’s economy expanded by 0,3 percent in the first quarter of 2013, official data confirmed on Thursday, returning to growth and avoiding its third recession since the 2008 global financial crisis. Gross domestic product grew in the January-March period, after falling by 0,3 percent in the final three months of 2012, the Office for National Statistics said

Weak rand affects import prices

The south African Reserve Bank held interest rates unchanged yesterday in the face of high inflation, while warning of major risks to already mediocre growth.
Reserve Bank governor Gill Marcus said the main interest rate would stay at 5 percent, despite the bank cutting its growth forecasts for the year.

IMF chief in court over 2007 payout scam

French prosecutors grilled IMF chief Christine Lagarde in a Paris court yesterday to decide if she should be charged over a state payout to a disgraced tycoon during her time as finance minister.

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