US$1,1 million bail for Dani Alves

BARCELONA. — Brazilian soccer player Dani Alves can be released from jail on a e1 million (US$1.1 million) bail while he appeals his rape conviction, after serving about a quarter of…

Russia warns US against SpaceX spying

MOSCOW. – Russia has said it is aware of US intelligence efforts to use commercial satellite operators such as SpaceX and has cautioned that such moves made their satellites legitimate…

South African banks caught in UK’s sweeping auto finance probe

Investec has set aside funds to pay for possible compensation and other costs linked to its car finance business in the UK as regulators continue with an industrywide probe into whether such loans were sold in a way that treated customers fairly.

Unilever to separate ice cream unit, cut jobs

Unilever plans to separate its ice cream business that includes brands such as Ben & Jerry’s and Magnum as chief executive officer Hein Schumacher streamlines the UK consumer-goods giant by cutting 7 500 jobs.

SA inflation rate at four-month high

South Africa’s inflation rate climbed to a four-month high, likely cementing the central bank’s resolve to keep borrowing costs on hold when it meets next week.

Water shortages bite cabbage farmers

Fildah Gwati The El Nino-induced drought that hit the country this season has hounded many farmers out of cabbage production causing depressed supplies of the commodity against a rising demand…

JSE finally sees its IPO crisis easing

THE Johannesburg Stock Exchange, is slowly turning the tide from a wave of delistings to companies once again considering initial public offerings.

Sainz set for Melbourne return after surgery

Ferrari’s Carlos Sainz is set to be back in the cockpit at the Australian Grand Prix this week after recovering from surgery for appendicitis, the team said yesterday. The Spaniard…

Green building certification imperatives for Zim

THE global consciousness towards sustainable development has spurred significant transformation across various industries, with the real estate sector not an exception.

New special capital gains tax on mining title

Due to the importance of mining in Zimbabwe in this article I look at the special capital gains tax (special CGT) on the transfer of mining title that was introduced through the Finance Act No. 13 of 2023 which amended the Capital Gains Tax Act (Chapter 23:01) effective  January 1, 2024.

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