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- businessweekly
- November 29, 2019
- 105 views
fastjet Zim unit faces chop
To stay afloat, low cost African airline, fastjet (The Group), has proposed to dispose of its Zimbabwean unit to its major shareholder Solenta Aviation Holdings Limited and a Zimbabwe based investor consortium.
- businessweekly
- November 29, 2019
- 81 views
‘Kariba won’t shut down’
Power output at Kariba South will remain curtailed, Zesa Holdings says, but the plant will not be shut down due to critically low water levels, as onset of the rainy season has seen inflows into the dam gradually increasing.
- businessweekly
- November 29, 2019
- 73 views
BNC pleads for raise in forex retention
BINDURA Nickel Corporation (BNC) says it is lobbying for the increase of foreign currency retention up to 80 percent citing inadequacy of the foreign currency as substantial amount of money is being directed towards dedicated power imports from South Africa.
- businessweekly
- November 29, 2019
- 121 views
Zesa lacks critical skills: Gata
The newly constituted Zesa Holdings (Pvt) Ltd board will have its work cut out as it faces a daunting task to light up its generation capacities amid a crippling skills flight.
- businessweekly
- November 29, 2019
- 71 views
Interbank trading platform on cards
Monetary authorities are looking to enhance the efficiency of the foreign exchange interbank market by introducing a new electronic trading platform.
- businessweekly
- November 29, 2019
- 64 views
Despite talk of coal’s demise, it still powers the world
Environment, Tourism and Hospitality Industry Minister Mangaliso Ndlovu this week told BBC HardTalk host Stephen Sackur that Africa should be allowed to benefit from its natural resources as it is also playing its part to mitigate the adverse effects of climate change.
- businessweekly
- November 29, 2019
- 107 views
It’s palladium, rhodium vs platinum
South African miners face a conundrum: increasing palladium and rhodium output to take advantage of soaring prices risks depressing the already fragile market for sister metal platinum.
- businessweekly
- November 29, 2019
- 96 views
‘United we fall, divided we rise’
In a note subtitled: “United we fall, divided we rise,” Goldman Sachs Chief US Equity Strategist David Kostin outlined his market predictions for 2020.
- businessweekly
- November 29, 2019
- 92 views
Interrogating Pepkor’s investment in Zim
The recently announced planned exit of Pepkor Holdings Limited from Zimbabwe where it is operating a non-grocery retailer, Power Sales, makes sad reading. It makes sad reading that jobs will be lost, while the fiscus will also lose out, if the company was tax compliant as expected from any business entity.
- businessweekly
- November 29, 2019
- 214 views
Stock Market Weekly Review
stocks continued on a downward spiral as profit taking took its toll especially on the market’s big cap counters.