adminZim Asset needs $27bn to fund projects
Harare Bureau ZIMBABWE requires at least $27 billion to fund Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset) programme, with the bulk of the money earmarked for infrastructure projects, a…
$70m raised for mineral development
African Consolidated Resources has over the last decade, raised more than $70 million, with the majority of that capital being put into the development of mineral ground in Zimbabwe. Some…
Panama Canal expansion talks break down
A Spanish-led consortium expanding the Panama Canal says negotiations with the Panama Canal Authority (ACP) aimed at ending a row over cost overruns of $1,6bn (£1bn) have broken down. Consortium…
Upbeat data helps Euro shares hold gains
London — Upbeat economic data helped European shares break a three-day run of losses yesterday, offsetting some unconvincing company earnings and jitters about emerging markets. Overnight trading in Asia had…
Passengers slam Mango
Cape Town — A Mango passenger contacted 702 Talk Radio accusing the low cost SAA subsidiary of making passengers stand at the back of an allegedly overbooked Mango flight. The…
Foreign shops looted in SA
CAPE TOWN — Scores of shops owned by Pakistani Bangladesh and Chinese nationals have been vandalised and looted in Mthatha, Eastern Cape Province in the latest round of xenophobia attacks…
ZB bank, building society merger to continue
Harare Bureau ZB Financial Holdings says plans to merge its bank and building society will continue despite the recent extension by the Reserve Bank of Zimbabwe of the banking sector…
Econet wins case against Trustco
Econet Wireless Zimbabwe has won the arbitration case relating to its long running dispute with its former software technology partner, TrustCo Mobile. This was after an international arbitrator dismissed the…
Rand slightly firmer as concern about data hits dollar
Johannesburg — The rand was marginally firmer at midday yesterday against the dollar, which was slightly on the back foot due to concern that US non-farm payrolls data could disappoint.…
Volatile platinum belt quiet
Johannesburg — South Africa’s volatile platinum belt was quiet yesterday morning as wage talks resumed between the Association of Mineworkers and Construction Union (Amcu) and platinum producers, in the hope…