Timothy
- businessweekly
- January 19, 2022
- 72 views
Huayou gets nod to takeover Prospect Resources
Huayou International Mining which is poised to acquire Prospect Resources Limited has received Chinese regulatory approvals for the acquisition, Business Weekly can report.
- businessweekly
- January 19, 2022
- 98 views
Load shedding to end, as ZRA completes Kariba dam wall rehabilitation
The Zambezi River Authority (ZRA) said on Tuesday it expects work to rehabilitate the Kariba dam wall to be completed at the end of this month, thereby ending its directive for the Zambian and Zimbabwean power utilities to reduce electricity generation.
- businessweekly
- January 19, 2022
- 66 views
Zimbabwe won’t ease currency reins – Mangudya
Reserve Bank of Zimbabwe Governor, John Mangudya, is reluctant to act to narrow a widening gap between the national currency’s official and black market rates, saying that businesses are to blame for the disparity.
- businessweekly
- January 19, 2022
- 95 views
Tongaat to pursue Deloitte after massive financial scandal
Sugar giant Tongaat Hulett confirmed on Tuesday that it has asked a legal team to pursue recourse from auditing firm Deloitte.
- businessweekly
- January 19, 2022
- 76 views
Tongaat defies small investors on R4bn rights issue
Tongaat Hulett has won approval for a R4 billion (US$259 million) rights issue to help keep the South African sugar maker afloat, in defiance of small investors who said the move hands too much power to a little-known new backer.
- businessweekly
- January 17, 2022
- 63 views
Lafarge still to resume normal operations
Cement maker, Lafarge, which reported the collapse of the roof on one of the Company’s mills on 11 October 2021 says it is still working on the restorative works necessary so that normal operations “may resume as soon as possible.”
- businessweekly
- January 17, 2022
- 112 views
Delta upbeat on short to medium term performance
Beverages giant and Zimbabwe Stock Exchange listed entity Delta Corporation says its business will continue to benefit from the growth in consumer spending driven by agriculture, mining, infrastructural development and general commerce.
- businessweekly
- January 17, 2022
- 49 views
Emerging markets: A constructive 2022 in sight
There are several reasons to be constructive about emerging markets (EMs) heading into 2022.
Equity valuations appear to have priced in much caution and indicate attractive long-term value.
- businessweekly
- January 17, 2022
- 63 views
Google bets on hybrid work with US$1bn London office deal
Alphabet’s Google said it would spend US$1 billion to buy up its own London offices, keeping a major presence in the UK capital at a time when firms wrestle with how to manage employee work habits.
- businessweekly
- January 17, 2022
- 59 views
Alibaba’s grocery chain Freshippo considers funding at US$10bn value
Alibaba Group Holding is considering raising funds for its high-tech grocery chain at a proposed valuation of US$10 billion, according to people familiar with the matter.