‘Use it or lose it’

Business Reporters
MINING lobby group, the Zimbabwe Indigenous Miners Empowerment Association, has requested Government to order Falcon Gold Zimbabwe to release its unused gold mining claims to them. In a letter to Mines and Mining

June shares take a dip

Business Reporter
THE value of shares traded on the Zimbabwe Stock Exchange in June plunged 35 percent to US$25,6 million compared to those traded during the previous month. Analysts contend investors have started taking positions ahead

DWTL workers want Militala probed

Golden Sibanda Senior Business Reporter
DAVID Whitehead Textiles workers’ committee members have written to the Judicial Service Commission appealing for an investigation into the conduct of the company’s provisional judicial manager, Mr Winsley Militala. The DWT workers alleged

Portugal battles for survival

LISBON. – Portugal’s leaders scrambled to save their coalition government yesterday after being torpedoed by top resignations over the austerity policies squeezing their bailed-out nation. Financial markets rallied after

Greece hopeful of creditor deal

ATHENS. –  Greek officials said yesterday they were close to a deal with the country’s EU-IMF creditors which would win approval for the next slice of eurozone loans next week.
Uncertainty over the outlook for the Greek debt-rescue

Absa boss named 2012 Banker of the Year

JOHANNESBURG. – A leading international banking publication named Arrie Rautenbach, high-profile head of Absa Bank’s retail arm, as “Retail Banker of the Year 2012.
Retail Banker International, the London-based banking

Singapore deepens West Africa ties

LAGOS. – Singapore intends to deepen economic ties with the Economic Community of West African States as trade relations between both regions surge. This is according to International Enterprise Singapore, an

Firms cut baby formula prices in China

SHANGHAI. – Two global food giants facing a Chinese government probe over alleged price fixing of baby formula have said they are cutting prices in the world’s largest market for the product. A spokeswoman for France’s Danone

Nigerian president to meet Huawei, ZTE bosses

ABUJA. – Nigeria President Goodluck Jonathan will make the most of his official visit to China to meet various technology companies that have invested significantly in the West African country. Special Adviser to the President on Media

NSSA, labour unions to exchange notes

THE National Social Security Authority will this month meet major labour unions to discuss ways of enhancing its operations, an official said on Wednesday.
The meeting, slated for

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