CBZ Holdings board chairman Luxon Zembe told analysts that leadership was like a relay where one had to pass on the baton
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‘ South Africa’s mines cannot afford pay rises’not afford pay rises’
LONDON — South Africa’s mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union,
No respite for burley tobacco farmers
SEASONAL burley tobacco prices were averaging US$1,48 per kg at the auction floors last week amid fears that low prices obtaining would drive away farmers
Government to crack whip on telecoms operators
GOVERNMENT is mooting a policy that forces telecommunication firms to share infrastructure in reforms set to remove the duplication in investments
Electioneering taking toll on business—ZNCC
THE prevailing liquidity crunch and inability of most manufacturing sector companies to access external lines of credit due to negative country perceptions are hampering production.
Gold slides as dollar, stock rise
LONDON — Gold fell 2% to a two-week low on Friday, on track for its biggest one-day drop since mid-April, as a breach of key chart levels prompted heavy selling [...]
Mauritian bank pledges Zim support
AFRASIA Bank Limited , the anchor shareholder in Kingdom Bank’s parent company, says it is in Zimbabwe for the long haul and will take steps to position its investment into one of the leaders in the sector.
Emirates to keep Dubai as sole hub
EMIRATES, one of the world’s leading airlines, says it won’t adopt a multi-hub model and all its flights would be routed through Dubai as its hub, a spokesperson said.
Geldof’s Africa fund backs commodity
Bob Geldof’s 8 Miles African private equity fund has made its first investment, backing a start-up company that plans to build commodity exchanges across Africa.
Banks constrained to meet long-term capital demand — Report
DESPITE long-term deposits more than doubling last year, banks are constrained to meet growing demand from various sectors of the economy.
