World Bank warns of ‘lost decade’ as potential growth slows

Bloomberg The global economy’s potential growth through the end of the decade has slowed to the weakest in 30 years, the World Bank said, citing fallout from the coronavirus pandemic…

Coinbase calls for efforts to create inflation-proof stablecoins

Bloomberg US crypto exchange Coinbase Global encouraged developers working on its new blockchain to focus on how to create stablecoins that track the rate of inflation to preserve purchasing power.…

SA’s maize harvest seen 2.65% higher this year

Reuters SA farmers are expected to harvest 2.65 percent more maize in the 2022/2023 season compared with the previous season, the government’s Crop Estimates Committee (CEC) said on Tuesday. The…

Ramaphosa asks ports operator for plan to end logistics crisis

Bloomberg South African President Cyril Ramaphosa directed executives of state-owned rail and port operator Transnet to come up with a plan to end the nation’s logistics crisis. The embattled company…

Manufacturers invading tax, Mutashu

Business Writer   THE Retailers Association of Zimbabwe president, Denford Mutashu, last week accused many businesses of evading tax by not issuing invoices for goods supplied. “Many companies are now…

Tharisa secures US$130 million offtake-based financing

Mining Weekly Platinum group metals and chrome producer Tharisa has, subject to the fulfilment of certain conditions precedent, concluded a US$130-million debt facility with Société Générale and Absa Bank, acting…

Liquid to increase tariffs by 50 pc

Malvern Nkomo PAN African technology firm, Liquid Intelligent Technologies, has announced the intent to adjust tariffs by another 50 percent with effect from April 1, 2023. The latest development follows…

Mash Holdings records profit, pays USD dividend

Business Writer Mashonaland Holdings swung back to full-year profit on Friday and announced it will continue to focus on boosting operational effectiveness and portfolio diversification. The group saw an annual…

Climate change resilient agriculture vital for development

For 62-year-old Sarah Muzvuzvu, her farm life is filled with tedium, drudgery and operational challenges. To get the job done working on her small family farm means waking up at…

Deutsche Bank, UBS hit as bank fears spark stress signals

Reuters   European banking stocks fell sharply on Friday, with Deutsche Bank and UBS knocked by worries that actions by regulators and central banks have not yet contained the worst problems…

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