adminWeak 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.
Hundreds bid Achebe farewell
OGIDI. — Hundreds of mourners gathered yesterday in the hometown of Nigerian novelist Chinua Achebe for the funeral of the man regarded as the father of modern African literature and the author of the widely praised “Things Fall Apart.”
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
Woolich suspect identified
LONDON. — The identity of the suspect pictured carrying bloodied knives in the aftermath of the murder of a British soldier is Michael Olumide Adebolajo, Guardian sources have confirmed.
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.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
3 members desert Macheso
Problem Masau Arts CorrespondentPopular sungura musician Alick Macheso has been deserted by three long-serving key members of his band, Jonas Kasamba, Obert Gomba and Donald Gogo, over a longstanding salary dispute.
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…
Zimra internet woes affect vehicle imports
Thupeyo Muleya Beitbridge BureauZimbabwe 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.
Philips to invest in Zim health
Business ReportersRoyal 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