Business News
2 years ago | July 6, 2022
Copper sinks to 17-month low as recession fears dominate trade
Bloomberg Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue ...
EM-Recession fears drive EM currencies to 20-month lows
Reuters Emerging market currencies sank to their lowest in 20 months on Tuesday as the dollar stood tall amid growing ...
Europe snaps up coal from abroad to fill gap left by Russia
Bloomberg A hunt by Europe’s coal consumers to replace Russian cargoes with shipments from across the globe has boosted ...
Oil holds above $110 as tight supply balanced by recession risk
Moneyweb Oil held gains as investors assessed still-strong underlying market signals against concerns a recession will ...
2 years ago | July 5, 2022
ICT Minister urges techpreneurs to invest in innovations
Michael Tome Business Reporter FINANCIERS and institutions should strive to invest and fund local technopreneurs in ...
Billionaire Oppenheimer wins ban on mining at Zimbabwe farm
Bloomberg Billionaire Nicky Oppenheimer, South Africa’s second-richest man, won a court order to temporarily halt ...
SA’s Zimbabwe exemption permit scheme is a money racket and a ‘fraud’
Moneyweb The Zimbabwe Exemption Permit (ZEP) scheme is the “largest case of fraud and theft ever committed by the ...
SA confirms fuel subsidy will end as prices jump 11pc
Bloomberg South Africa’s government confirmed that it will end a temporary reduction in the fuel levy next month as it ...
Firms from rich countries are taking factories home
The Conversation There is no doubt that globalisation has benefited Africa greatly. This includes job creation, ...
We cannot rely on Eskom any longer: Mavuso
Moneyweb The load shedding of last week was devastating. I have been told of companies forced to lay off staff because ...
What it would take to set up an African drug discovery ecosystem
The Conversation Africa has great potential for drug discovery. The continent has natural resources, indigenous ...
2 years ago | July 4, 2022
Brace for spike in NPLS, banks warned
Oliver Kazunga The increase in lending interest rates is likely to lead to a spike in Non-Performing Loans (NPLs) and ...
SeedCo volumes remain flat
Business Writer The country’s largest seed processor, Seed Co International Limited (SeedCo) revenue for the full year ...
Fastjets introduces Botswana route
Budget airline, Fastjet, on Thursday launched its inaugural flight between Zimbabwe and Botswana via the resort city of ...
Shah suffers major legal setback
Business Writer Controversial businessman, Jayesh Shah’s Al Shams Global BVI Ltd, has suffered a another legal ...
2 years ago | July 1, 2022
New mall project to create 450 jobs
Tapiwanashe Mangwiro Real Estate investment firm, Terrace Africa’s newly completed US$20 million Highland Park Mall ...
Big vs small thinking
Clifford Shambare Whenever I get the chance to book a seat in an aeroplane, I always endeavour to choose one by the ...
Pension funds investments and economic development
Dr Keen Mhlanga A great percentage of humans is employed at a specific organisation or institution however one cannot ...
Govt probes shady mine deals
Business Writer Zimbabwe is revisiting all mining contracts signed in the last 20 years to interrogate potential risks ...
TSL commits US$3m towards capital expenditure
Nelson Gahadza TSL Limited says it will commit US$3 million towards capital expenditure in the second half of the year ...
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