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- businessweekly
- June 26, 2019
- 50 views
BoE won’t put no-deal Brexit into forecasts unless UK policy changes: Carney
LONDON – Bank of England Governor Mark Carney said the BoE would only factor the possibility of a no-deal Brexit into its economic forecasts if Britain’s next prime minister decides to leave the European Union without a transition agreement.
- businessweekly
- June 26, 2019
- 78 views
Rand gains as risk demand slows
JOHANNESBURG – South Africa’s rand clung to recent gains early on Wednesday as global risk appetite retreated after the United States central bank played down expectations of aggressive interest-rate cuts.
- businessweekly
- June 25, 2019
- 86 views
US$330m LCs put in place
Tawanda Musarurwa HARARE – The Reserve Bank of Zimbabwe (RBZ) says it has put in place letters of credit (LCs) to the tune of US$330 secure importation of basic commodities.…
- businessweekly
- June 25, 2019
- 152 views
Cautionary tale of tax incentives for cigarette makers from Zambia
Tobacco companies are zeroing in on one of the last global markets still ripe for exploitation: the African continent. Much of the tobacco leaf and some of the manufactured cigarettes…
- businessweekly
- June 25, 2019
- 43 views
EU will let Italy increase deficit if it helps economy: deputy PM
ROME – The European Union will allow Italy to increase its deficit if it helped the country’s economy, Deputy Prime Minister Luigi Di Maio was quoted as saying on Tuesday…
- businessweekly
- June 25, 2019
- 69 views
Rand firmer as dollar falls on rate cut bets
JOHANNESBURG – South Africa’s rand firmed early on Tuesday, boosted by a dollar slide to multi-month lows against other major currencies as investors looked to emerging markets in the wake…
- businessweekly
- June 25, 2019
- 229 views
ICAZ, CIMA in partnership
Michael Tome HARARE – The Institute of Chartered Accountants of Zimbabwe (ICAZ) and Chartered Institute of Management (CIMA) have partnered in program that will assist students from both institutions to…
- businessweekly
- June 25, 2019
- 159 views
Profeeds discontinues supplies
Kumbirai Tarusarira HARARE – ProGroup’s stock-feed manufacturing subsidiary, Profeeds has said it is discontinuing supply of all feed products to agents and distributors with immediate effect. Profeeds retail executive Knox…
- businessweekly
- June 24, 2019
- 64 views
Ramaphosa’s critical choices to get South Africa back on track
Sean Gossel South Africa’s economy is in dire straits. Unemployment has reached a 15-year high of 27.6%. And in the first quarter of this year GDP growth dropped by 3.2%.…
- businessweekly
- June 24, 2019
- 34 views
Oil up on U.S.-Iran tensions but demand concerns cap gains
LONDON – Oil prices rose on Monday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept…