adminCABS disburses $125,7m in mortgage finance
Harare Bureau THE country’s largest building society, CABS, has since 2010 disbursed $125,7 million in mortgage finance for 440 units, mostly low cost. Speaking at the Real Estate Institute of…
Hunyani ex-bosses implicated in fiddled accounts
PAPER products manufacturer Hunyani Holdings said yesterday it has appointed new managers at its divisions after former bosses were implicated in an accounts fiddling scandal. The Zimbabwe Stock Exchange-listed company…
Govt to lower mining royalties
Oliver Kazunga Business Reporter THE Government intends to lower royalties from mineral sales mainly for gold miners in a bid to shore up deliveries and resuscitate Fidelity Printers and Refiners.…
GM to drop Chevy brand
General Motors (GM.N) will drop the Chevrolet brand in Europe by the end of 2015 after it failed to build a significant market share, and focus instead on its Opel…
Bank of England seeks to avoid EU stress tests
The Bank of England wants Britain’s banks to be exempted from a European Union health check next year on the grounds that it will be conducting its own rigorous exam.…
World Bank sees record demand for political risk insurance
Investors’ demand for insurance against political risk is on track to match last year’s record as instability persists in the Middle East and disputes in Latin America erode confidence, the…
JPMorgan warns 465,000 clients after cyber attack
JPMorgan Chase & Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its…
Jo’burg hawkers allowed back
Johannesburg – The Constitutional Court ruled yesterday that informal traders in Johannesburg’s CBD could return to their trading spots, the SA Informal Traders Forum (Saitf) said. “The ruling was that…
Eskom boss Brian Dames quits
Johannesburg – Eskom said yesterday its chief executive would step down in March, departing the power utility at a time when South Africa struggles to keep the lights on due…
South African unions to step up anti-tolls fight
Johannesburg – Cosatu-affiliated unions in the Post Office and Gauteng metro police have vowed to directly and indirectly help motorists against e-tolling. Post Office workers who are members of the…