malvernmugadzikwa
- businessweekly
- February 1, 2023
- 74 views
IMF slightly boosts SA growth forecast for 2023 despite load shedding
Bloomberg Despite record levels of load shedding, the International Monetary Fund (IMF) expects South Africa’s economy will grow by 1.2 percent this year, which is slightly higher (+0.1 percent) than…
- businessweekly
- January 31, 2023
- 145 views
Changunda appointed new POSB boss
Michael Tome Business Reporter PEOPLE’S Own Savings Bank (POSB), has appointed Mr Garainashe Changunda as the substantive Chief Executive Officer with effect from the first of February 2023. Mr Changunda…
- businessweekly
- January 31, 2023
- 158 views
CMED adds new pieces of equipment for roads rehabilitation
Business Reporter THE Central Mechanical and Equipment Department (CMED) says in the period 2021 to 2022 managed to rehabilitate a total 41,7 kilometers of asphalt roads and 340,48 km of…
- businessweekly
- January 31, 2023
- 86 views
ZSE close in positive territory
Enacy Mapakame A positive sentiment prevailed on the Zimbabwe Stock Exchange (ZSE) last week as equities closed in the positive in trades dominated by the market’s top cap counters. The…
- businessweekly
- January 31, 2023
- 93 views
Invictus appoints new chairman
Theresa Mhazo Invictus Energy Limited has announced the appointment of John Bentley as Non-Executive Chairman of the Company, effective February 1, 2023. Invictus Energy is an independent upstream oil and…
- businessweekly
- January 31, 2023
- 48 views
Nampak splashes $1,66 bn on capex in FY22
Business Writer Nampak Zimbabwe says it spent $1,66 billion on capital expenditure for the year ended September 30, 2022 and is now reviewing a few significant capital projects that could…
- businessweekly
- January 31, 2023
- 59 views
Crypto market jumps by US$280 billion
Bloomberg Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. The largest token is up over 40 percent…
- businessweekly
- January 31, 2023
- 75 views
Historic crash for memory chips threatens to wipe out earnings
Bloomberg The memory-chip sector, famous for its boom-and-bust cycles, had changed its ways. A combination of more disciplined management and new markets for its products — including 5G technology and…
- businessweekly
- January 31, 2023
- 74 views
Philips to cut 6 000 more jobs as product recall costs mount
Bloomberg Royal Philips NV is cutting another 6 000 positions, or around 8% of the total, as the maker of medical equipment is reducing expenses while wrestling with costly recalls…
- businessweekly
- January 31, 2023
- 60 views
Russia, Ukraine conflist is accelerating the shift away from oil and gas, BP says
Bloomberg The Russsia, Ukraine conflict will accelerate the shift away from oil and gas as countries around the world prioritize domestic renewable energy sources as a way to increase security…