Shamva Mine confident of security systems
Oliver Kazunga SHAMVA Gold Mine in Mashonaland Central province is upbeat that its security systems are water tight and that no losses are encountered during transit of ore to the…
Poll date announcement triggers massive election spending
Nelson Gahadza The election momentum has become more pronounced with the announcement of election dates, but business believes the atmospheric anxiety has somehow slowed business transactions. The country’s elections will…
Fidelity Life’s REIT to spearhead value creation
Nelson Gahadza Fidelity Life Assurance (FLA) says it has registered a Real Estate Investment Trust (REIT) to spearhead value creation and infrastructure development through public and private partnerships. REITs are…
Will British homeowners be hit by a of a mortgage market meltdown?
Soaring mortgage costs in Britain are fuelling fears among homeowners, investors, charities and policymakers about the growing strain placed on borrowers, but lenders have so far sounded broadly sanguine about…
Here’s how much money every player made at the 2023 US Open
The 2023 US Open purse has increased significantly over the years. Just two years ago, in 2021, the purse was set at US$12,5 million, and it was the most lucrative…
Expenditure switching policies
Blessing Nyatanga Expenditure switching is a macroeconomic policy that affects the composition of a country’s expenditure on foreign and domestic goods. More specifically it is a policy to balance a…
Stop funding fossil projects, Afreximbank urged
Business Writer Some civic organisations in Africa have called on Afreximbank to stop funding the ongoing fossil-based electricity generation projects due to their negative impact on climate. In a joint…
Romanian tennis player banned five years, fined US$40k over match-fixing
The International Tennis Integrity Agency (ITIA) has announced that Petru-Alexandru Luncanu has been suspended for five years and fined US$40 000 over match-fixing offences. Luncanu (34) was found guilty of…
SA interest rate hikes needed to tame inflation, Kganyago says
The central bank’s monetary policy committee has raised the benchmark rate at its 10 past meetings with the aim of bringing inflation back to the 4,5 percent midpoint. It is…
Diamond prices fall by 18 percent
Diamond prices are down 18 percent from their all-time highs in February 2022, and are lower 6,5 percent year-to-date, according to one Global Rough Diamond Price Index. And their value…











