adminCompany challenges USD-Zimdollar ruling
THE legal validity of a Supreme Court judgment which converted United States dollar debts to the Zimdollar at a rate of 1:1 in line with Statutory Instrument 33 of 2019, must be tested by a nine-judge panel of the Constitutional Court, according to lawyers acting for NR Barber, a mining company, locked in a fierce legal battle with Zambezi Gas Pvt Ltd.
Slow movement in border traffic
HUMAN traffic at some of the country’s border posts was still flowing as the directive to restrict access to all traffic except cargo and returning residents as directed by the President on Monday night was slowly coming into effect.
Nigeria cuts oil prices
Nigeria opened a new front in the oil price war between some of the world’s largest Opec+ countries, offering to sell its crude in April at unusually large discounts in an effort to undercut its rivals.
Gold surge extends
Gold extended a surge toward $1 600 an ounce after the Federal Reserve took unprecedented measures to protect the US economy from the coronavirus shock, with Goldman Sachs Group Inc. saying bullion’s probably at an inflection point and it is time to buy.
Wall Street slide deepens
Wall Street’s slide deepened on Monday as an unprecedented move by the US Federal Reserve to shore up credit across the economy proved insufficient to sooth investors’ fears about the…
Puma sets workers schedule
German sportswear company Puma announced yesterday that 1 400 staff would switch to shorter work hours until April 13 as sales slump due to the coronavirus and said its three top executives would not take their pay for April.
Gtv resolve Khoza/Jordaan dispute
South Africa’s top football bosses Danny Jordaan and Irvin Khoza have put their differences aside to combat the challenges posed by COVID-19, following a meeting with government.
Europe dragged into record recession
Europe’s economy is taking a battering not seen in decades, the outcome of severe restrictions on businesses and households by governments desperately trying to contain a pandemic that’s killed almost 17 000 people worldwide.
PSL in danger of contempt of court
THE Premier Soccer League are running the risk of finding themselves in contempt of the High Court after executing a decision by their disciplinary committee to expel Herentals from their membership.
Famous Saxophonist Dibango dies of Covid-19
Afro-jazz legend, Manu Dibango, is dead. He died at the age of 86 yesterday.