adminPressure on ArcelorMittal, Sasol to lower prices
CAPE TOWN – South Africa will put pressure on steel producer ArcelorMittal SA and petrochemicals firm Sasol to reduce prices and help cut input costs in the steel, platinum and…
South Africa avoids recession
Cape Town – South Africa’s economy avoided slipping into a recession in the second quarter, as solid growth in the agriculture and financial industries outweighed a hammering in the strike-hit…
Business confidence recovers from 15-year low
JOHANNESBURG — Business sentiment has recovered from a 15-year low in August, helped by the resolution of labour strikes and easing consumer price pressures, a survey showed yesterday.
Nigeria hits 39.5 metric tonnes installed capacity of cement production
The Nigeria federal government has said that owing to its backward integration policy, the country now has an installed capacity of 39.5 million metric tonnes (mmt) of cement production.
Celebrity hacking clouds Apple’s product launch
APPLE Inc (AAPL.O) has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. But the leak of racy celebrity photos in the past few days put the company in…
Liquid Telecom seeks $150 million loan
ECONET Wireless Global’s Liquid Telecom is seeking a $150 million loan facility to help expand its international network. According to a post on Global Capital, Liquid’s five-year financing deal is…
Workers get staggered wage increase
EMPLOYEES’ and the employers’ organisation in the cement and lime and allied industry have agreed on a wage increase that will be staggered between the first and second half of…
Ex-MDC-T councillor falls on hard times
Midlands Bureau Former MDC-T councillor for Ward 19 in Mkoba, Gweru, Clemence Kwaru, has fallen on hard times as he is failing to take are of his child that he…
Comesa, Australia in mining investment indaba
TWENTY-THREE African countries, eight of them from Comesa, are taking part in the annual “African Downunder” conference hosted by the State of Western Australia. The annual event is aimed at…
Call to license artisanal miners
Harare Bureau Government has been urged to issue licences to artisanal gold miners so that they can contribute to the country’s economic growth by selling their gold through formal channels.