adminAfrican projects need holistic financing approach: Nedbank
PERTH — The financing of African resource projects should be approached holistically, with equity and other forms of financing to be raised concurrently, financier Nedbank Capital said.
Allied Bank in $4.3m loss
Business Reporter ALLIED Bank recorded a $4.3 million loss for the half year to June, a steep rise from the $1.6 million loss recorded the previous period as the bank…
Suez Canal revenue hits record $508m
CAIRO – Revenues from Egypt’s Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said yesterday.
Africa’s biggest fund manager prefers platinum to gold
AFRICA’S biggest fund manager favours South African platinum equities over those of gold, betting against the price performance of the metals and the share performance of the companies that mine…
Employers should not take labour arbitration lightly
Labour Matters Davies Ndumiso Sibanda MOST employers take the arbitration process lightly because they do not understand the implications of an arbitration award as they see it as an easy…
Zim target Proteas scalp
Paul Munyuki Harare Bureau ZIMBABWE cricket side need a big win over South Africa today at Harare Sports Club if they are to make it into the final of their…
Informal sector 5 percent up
Business Reporter THE number of self-employed Zimbabweans has increased by five percent this year as more people join the informal sector amid job cuts by big companies, a survey indicates.
China-Africa Sunlight pledges $10m for Gwayi Dam
CHINA-AFRICA Sunlight Energy Limited has been granted mining rights to start coal mining as the company pledged an initial $10 million towards the construction of the Gwayi-Shangani Dam in Matabeleland…
Ukraine ceasefire hopes push stocks, ruble higher
WORLD markets jumped yesterday as Ukraine’s President Petro Poroshenko said a ceasefire had been reached with Russia, raising hopes that a recent escalation in the conflict could be reversed.
Wozniacki powers past Errani
DENMARK’s Caroline Wozniacki strolled into the semi-finals of the US Open with an impressive 6-0 6-1 win over 13th seed Sara Errani of Italy. Tenth seed Wozniacki, 24, raced through…