adminEuropean shares stabilise
PARIS — European stocks rose in a technical bounce yesterday after sliding 3 percent over two days, although energy stocks dropped again as Brent crude fell toward $65 a barrel. Greek…
South African inflation slows to 5,8pc
JOHANNESBURG — South Africa’s inflation rate fell to 5,8 percent in November, staying inside the central bank’s target band for a third month and giving it room to keep interest…
Anglo to axe 60,000 jobs
LONDON — Global miner Anglo American aims to cut around 60,000 jobs as part of a wider re-organisation, says chief executive Mark Cutifani. He said on Tuesday that the company was…
Oil dips below $62 US a barrel
OIL prices resumed their rout today, dipping below $62 US per barrel after OPEC cut its forecast for world demand for oil. On Tuesday, oil prices had stabilized and moved slightly…
Gold holds close to seven-week high
SINGAPORE — Gold was trading close to a seven-week peak yesterday as weakness in the dollar and global equities prompted investors to seek safety in the precious metal. The dollar index…
City to host diamond seminar
Charity Ruzvidzo Business Reporter BULAWAYO will next week host a diamond beneficiation seminar meant to create platforms for local companies to benefit from economic empowerment programmes presented by value addition and…
SA tech firms settle Nigeria differences
JOHANNESBURG – Telkom and Blue Label Telecoms have made a breakthrough in resolving their long-running dispute in Nigeria. The two companies were claiming billions of rand from each other following the…
Zera issues gas cylinder warning
Charity Ruzvidzo Business Reporter THE Zimbabwe Energy Regulatory Authority (Zera) has warned the public against the use of illegal liquefied gas cylinders (LP) on the back of increased demand for gas…