adminBNC fails to raise funds to restart Trojan Mine
Oliver Kazunga Business Reporter PAN-African firm Mwana Africa has announced its subsidiary Bindura Nickel Corporation (BNC) has been unable to raise additional funding to finance the second phase of the…
Gold price worries SA miners
THE gold price tumbled as much as 4 percent on Wednesday, touching a low last seen in August 2010 and potentially endangering the future of some of South Africa’s top…
Mitsubishi recalls over 3 000 SUVs for roof problem
MITSUBISHI Motors Corp is recalling 3 181 Outlander Sport SUVs in the United States and Puerto Rico because the panoramic glass roof could detach. The affected cars are from the…
Aussie group stops coal exports from Moza
ANGLO-AUSTRALIAN group Rio Tinto has suspended coal exports from Tete province in central Mozambique, due to instability in that region of the country, the group’s Mozambican subsidiary said in a…
Best airline award for Emirates
EMIRATES airline has won the World’s Best Airline award, presented by Skytrax at the 2013 World Airline Awards. The award was collected on June 19 by Emirates president Tim Clark…
Nestle to help 20 000 young people find jobs in Europe
NESTLE, the world’s biggest food company and a major employer in Europe, plans to recruit 20 000 young people as the continent grapples with a youth unemployment crisis that is…
Kenya gets World Bank boost ahead of sovereign bond
THE World Bank has rated Kenya as Africa’s best country in terms of policies and institutional reforms that support growth and reduce poverty. This is a big boost to the…
African Sun posts marginal growth
Business Reporter HOTEL group African Sun has posted a profit before tax of $1,23 million in the six months to March this year, a figure lower than $1,50 million achieved…
Shabanie out to stop Chicken Inn
Paul Mundandi Zvishavane Correspondent LUKE Masomere has vowed to stop Chicken Inn in a BancABC Sup8r Cup quarter-final match to be played at Mandava Stadium this afternoon. Motor Action, who…
Federer makes earliest Wimbledon exit
DEFENDING champion Roger Federer suffered his earliest exit at Wimbledon since 2002 with a second-round defeat by world number 116 Sergiy Stakhovsky. Seven-time winner Federer, 31, lost 6-7 (5-7) 7-6…