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Confidence and stability in the local financial sector is gradually being restored as 23 out of 26 banking institutions have met the minimum capital requirements as at October 31 2009, thus averting any major potential shocks within the industry.
ZIMBABWE is once again dominating international headlines for the wrong reasons -- an investment-wreaking decision had been taken to push through a contentious plan to expropriate 51 percent of all foreign-owned companies.
The future of the AK6 diamond project was put on a firmer footing on Wednesday with the announcement that Canadian-listed diamond junior, Lucara Diamond Corp, would be acquiring De Beer's 70 percent stake in the project for US$49 million (P322.4 million).
President Jacob Zuma has decided to implement a 7 percent salary increase across the board for public office bearers.
TRADE union Solidarity will challenge the implementation of affirmative action in the police service and correctional services, taking to court 10 cases where white employees claim they were prejudiced because of the colour of their skin.
BARNARD Jacobs Mellet Group (BJM), the financial services and stock broking company, reported what it said was a "pleasing" profit of R10,8m in the six months to September, but the outlook for the second half remains mixed.
PRESIDENT Jacob Zuma yesterday shot down a proposed 8% salary increase for senior state office bearers, opting instead for a 7% hike in a sign of belt-tightening as tax revenues plunge.
THE National Union for Communication Workers (NUCW) leadership deserves commendation for the noble and mature manner in which it is approaching the impending Zamtel sale.
THE two-day protests by workers at Konkola Copper Mines (KCM) in Chingola are uncalled for, especially that unions and management are still engaged in neg3otiations, stakeholders from a cross section of society have said.
PRESIDENT Rupiah Banda has accused some people with vested interests in the fuel procurement process of blowing the current fuel shortage Zambia is experiencing out of proportion.
SA AND Brazil had agreed to set up mechanisms to fast-track solutions to agricultural disputes constraining trade between the two countries, their trade ministers said yesterday.
THE Reserve Bank of Zimbabwe Amendment Bill, which went through its second reading in Parliament this week, should emerge as an instrument that will bring efficiency and effectiveness in the discharge of duties by the central bank governor and the minister of finance without necessarily targeting current personalities.
Minister of Public Enterprises, Barbara Hogan, says it was unfortunate that the breakdown in the relationship between the Eskom board and its former Chief Executive Officer (CEO) Jacob Maroga did not remain an internal matter for the company to resolve.
ZIMTRADE, the country's official trade promotion organisation, has fired chief executive officer (CEO), Herbert Chakanyuka -- its fourth boss since it started operating in 1992 -- accusing him of misappropriating funds.
THE Vice-President of the African Export-Import Bank (Afreximbank), Okey Oramah, was due to meet President Robert Mugabe last week to break the impasse between the bank and the Ministry of Finance over Zimbabwe's outstanding debt obligations.
ASTRA Industries Limited, a multi-industry company that operates a steel subsidiary, says there is "very little" scope for steel manufacturing recovery until mining and construction -- key clients for the industry -- start picking up again.
TORONTO-listed New Dawn Mining Corp's Zimbabwe mining operations produced 3,059 ounces of gold during the quarter to September 30 2009, an announcement by the group said.
CLOVER Industries Limited, South Africa's largest maker of dairy products, is determined to end Dairibord Holdings Limited (DHL)'s local and regional dominance in milk products with plans to set up a milk processing plant in Zambia, which would be sub-Saharan Africa's processing and distribution hub.
INDIA'S Jindal Steel & Power Limited (JSPL) has emerged as one of two firms shortlisted for the purchase of a 60 percent stake in Zimbabwe's steelmaker, the Zimbabwe Iron and Steel Company (ZISCO), in an acquisition opportunity that could define Zimbabwe's privatisation programme.
South African insurance giant Old Mutual, which this week admitted to being a major shareholder in Zimpapers, is now also set to reap its financial share of the Chiadzwa diamond fields.
The Zimbabwe Congress of Trade Unions has called on the co-ministers of Home Affairs to resign their positions over the abuse of power being exercised by the police. After ZCTU President Lovemore Matombo and fours members of the union were released by a Victoria Falls magistrate, Secretary General Wellington Chibhebhe issued a hard hitting statement accusing police of acting on instructions from ...
Namibia has created an able environment for small and medium enterprises to grow and prosper, however many entrepreneurs do not have access to information, trading facilities and financial services.
The Namibia Public Workers Union (NAPWU) has become the sole bargaining agent between the City of Windhoek and its employees.
This week marks more than two months since former employees of South West Breweries now known as Namibia Breweries Limited, have been camping outside the Ohlthaver & List (O&L) building with no apparent solution in sight.
Namibia is not only an important market in its own right, it is becoming a strategic platform for regional growth.
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