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Press Report

Catalogue of world wide news sources updated continuously

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SMEs urged to not neglect sustainability

26 June 2017 21:25:14 The Gremlin – Online Newspaper for the Garden Route

26 June 2017: South Africa is one of only a few emerging-market economies showing a significant increase in sustainability reporting, and the only one in Africa. However, a major concern at the moment is that the focus of the sustainability consulting industry in South Africa has been primarily on large corporates, which has created a

Více Business Time26 June 2017 21:25:14


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NetOne revenue hits 5-year record high

26 June 2017 02:18:06 The Herald

Africa Moyo Business Reporter NETONE, the country’s second-largest mobile telecommunications operator, reported revenues for the year ending December 31, 2016 rose the most in five years to $115 million, from $114 million a year earlier as its bundled package, OneFusion, spurred growth. Losses, however, widened to $2,7 million from $2,6 million a year ago weighed by...

Více Business Time26 June 2017 02:18:06


Zindico files $20m lawsuit against Asa

26 June 2017 00:58:39 The Herald

Tinashe Makichi Business Reporter A local consortium, Zindico, has filed a $20 million lawsuit in London (UK) against Asa Resources (former Mwana Africa) for rescinding a sale and purchase agreement signed in 2013 involving a 26 percent stake in Freda Rebecca, a unit of the Pan African resources company. The lawsuit is targeted at China International...

Více Business Time26 June 2017 00:58:39


May gold deliveries buoyant

21 June 2017 01:25:03 The Herald

Oliver Kazunga Bulawayo Bureau ZIMBABWE recorded its highest gold deliveries in the year to date, after May produced about two tonnes compared to 1,6 tonnes in January, data from Fidelity Printers and Refineries show.Latest statistics from Fidelity Printers, the sole gold buyer since 2015, show that in May primary producers and small-scale miners had a combined...

Více Business Time21 June 2017 01:25:03


Potraz evaluates local data charges

21 June 2017 01:25:02 The Herald

Golden Sibanda Senior Business Reporter THE Postal and Telecommunications Authority of Zimbabwe is evaluating local data charges and major cost drivers amid indications the cost of data in Zimbabwe is too high.POTRAZ director general Dr Gift Machengete said in an interview that the ongoing assessment was part of regular exercises by the regulator to ascertain state...

Více Business Time21 June 2017 01:25:02


ZPI operating profit declines

21 June 2017 00:58:35 The Herald

Busines Reporter Zimre Property Investments’ operating profit for the five months to May 2017 nearly halved to $468 000 compared to $819 000 achieved during the same period last year.Managing director Mr Edson Muvingi attributed the decline to rental reductions and an increase in voids; a trend that began in 2013. ZPI’s average void rate...

Více Business Time21 June 2017 00:58:35


Gache-Gache gold mining in pipeline

21 June 2017 00:58:34 The Herald

Africa Moyo Business Reporter THE Zimbabwe Consolidated Diamond Mining Company (ZCDC) says alluvial gold mining at Gache-Gache in Kariba is still in the pipeline and would be undertaken only after an exploration and evaluation exercise has been completed.ZCDC – a State firm created to oversee the mining of diamonds and alluvial gold – is currently seized...

Více Business Time21 June 2017 00:58:34


Cars and computing: Saudi adult courses seek self-reliance

20 June 2017 11:42:32 RSS Feed From Your Middle East - Section Business

The kingdom for the first time is giving short technical courses -- among them household electronics and computing -- to men and women who say it's a further step towards easing their country's reliance on foreign labour.The move complements efforts to build a more self-reliant economy after the collapse of global oil prices.

Více Business Time20 June 2017 11:42:32


AfDB blacklists Sinohydro

20 June 2017 01:09:48 The Herald

African Development Bank and Sinohydro have reached a settlement agreement on fraudulent practices.Sinohydro Corporation has agreed to a comprehensive verification of its compliance programme by the African Development Bank following the detection of a fraudulent practice in tendering for works contracts in Uganda. Sinohydro has been awarded contracts in Zimbabwe, which include Kariba South extension...

Více Business Time20 June 2017 01:09:48


10 ways to use drones to improve your business

19 June 2017 19:37:11 The Gremlin – Online Newspaper for the Garden Route

The rapidly-growing global drone market presents a plethora of opportunities for companies to enhance their operations, or for new businesses to emerge, says Airborne Drones. With analysts putting the global market opportunities around drones at anywhere between $11 billion and $13 billion by 2020, organisations across all verticals stand to gain by harnessing the new

Více Business Time19 June 2017 19:37:11


A Moving Story ~ The Southern Cape Corridor

19 June 2017 14:16:04 The Gremlin – Online Newspaper for the Garden Route

Two genuine questions: If nuclear fission can power submarines and aircraft carriers, why can’t it be used in locomotives? Has hybrid diesel-electric technology, as used in motorcars, been applied to locomotives? Logistics is about the collection, storage and delivery of goods in the most efficient and safe way possible.  It’s really as simple and as

Více Business Time19 June 2017 14:16:04


Miners vow to fight SA’s new black-ownership rules

19 June 2017 04:00:10 The Herald

South Africa’s latest mining overhaul could be mired in a long legal battle after producers vowed to stop the changes even as the government said it’s time the black majority benefits from the country’s mineral wealth. Mineral Resources Minister Mosebenzi Zwane unveiled new rules for black economic empowerment, including tougher ownership requirements, a community-development tax equal...

Více Business Time19 June 2017 04:00:10


Bitcoin plunges nearly 20pc after record run

19 June 2017 04:00:09 The Herald

Bitcoin sank as much as 19 percent last week, putting the digital currency on pace for its worst week since January 2015, as volatility climbs following a record-setting surge in the price. After flirting with $3 000 last Monday, the crypto-currency has retreated to as low as $2 076,16 in intra-day trading. Other digital coins are...

Více Business Time19 June 2017 04:00:09


Zim to tap into global micro-insurance sector

19 June 2017 04:00:09 The Herald

Kudakwashe Mhundwa Business Reporter Zimbabwe is working on ways to tap into the global micro-insurance sector which boasts of a potential market of between 3-4 billion policies generating between $30-$50 billion in annual premium revenue. Informed by the National Financial Inclusion Strategy, 2016-2020 which identifies insurance as one of the critical players in the financial services sector,...

Více Business Time19 June 2017 04:00:09


Willdale revenues rise 14pc

19 June 2017 04:00:09 The Herald

Brick making concern, Willdale Limited recorded a loss after tax for the half-year ended March 31, 2017 of $380 564 from $146 574 recorded in the same period last year due to stock write-offs. The group’s revenue base however grew 14 percent to $4,05 million buoyed by 20 percent increase in volumes. Company chairman Alex Jongwe said...

Více Business Time19 June 2017 04:00:09


Taking clean energy to those with disability

19 June 2017 04:00:09 The Herald

Jeffrey Gogo Climate Story How do we take affordable and sustainable energy access to the 900 000 Zimbabweans living with disability, including children? Never easy, particularly for a constituency this big — some 7 percent of Zimbabwe’s total population — but not insurmountable. No doubt, clean energy will improve the lives of Zimbabwe’s poor, particularly those...

Více Business Time19 June 2017 04:00:09


Barclays hirings under US scrutiny

19 June 2017 04:00:09 The Herald

The US Department of Justice (DoJ) is scrutinising whether Barclays breached antitrust laws by promising to stop poaching JPMorgan Chase bankers, in another blow for the British lender’s chief executive, Jes Staley. The DoJ asked Barclays for more information on discussions between its top brass and senior JPMorgan executives following a string of high-level departures from...

Více Business Time19 June 2017 04:00:09


Impact investment: Powerful tool for pension funds

19 June 2017 04:00:09 The Herald

Business Reporter THERE is a growing trend for pension funds to strategically invest in order to achieve their corporate societal engagement strategy. Impact investment, which support social change while making a financial return has become a powerful tool for institutions such as pension funds as well as insurance companies and corporates. Impact investment, a term coined...

Více Business Time19 June 2017 04:00:09


ZimFund phase two completion next year

19 June 2017 04:00:09 The Herald

Business Reporter The Zimbabwe Multi Donor Trust Fund’s $58 million phase two project being administered by the African Development Bank will be complete by next year, Zimfund manager Emmanuel Nzabanita confirmed. The phase two which is a successor project to phase one is targeting power, water and sanitation sectors. Almost $35 million has been set aside for...

Více Business Time19 June 2017 04:00:09


Call for crackdown on unscrupulous private cotton firms

19 June 2017 04:00:09 The Herald

Business Reporter FARMER organisations have called for a crackdown on unscrupulous private cotton companies paying spot cash to entice farmers to side-market the crop contracted by Government. The private companies have also increased the money they are paying to farmers to 50c per kilogramme after Government increased the base price from 40c to 47c last...

Více Business Time19 June 2017 04:00:09


Ipec launches micro insurance framework

19 June 2017 04:00:09 The Herald

The Insurance and Pensions Commission (Ipec) last Friday launched a micro-insurance regulatory framework that facilitates provision of insurance to low income earners. In a speech read on his behalf at the launch, Finance and Economic Development Minister Patrick Chinamasa said micro-insurance services had an important role to play in the economy. “The development of the micro-insurance...

Více Business Time19 June 2017 04:00:09


Insurance firms to publish results

15 June 2017 01:17:51 The Herald

Tinashe Makichi Business Reporter The Insurance and Pension Commission will soon require all insurance companies to publish their financial statements regardless of whether they are listed or not. IPEC commissioner Tendai Karonga yesterday said the move is aimed at instilling market discipline as there will be transparency and disclosure. “The commission, through the proposed amendments to the...

Více Business Time15 June 2017 01:17:51


Energy market seen as vulnerable to prolonged Gulf crisis

14 June 2017 17:36:04 RSS Feed From Your Middle East - Section Business

With rising US shale oil output driving a global supply glut, the decision by Saudi Arabia and its allies earlier this month to sever diplomatic ties with Qatar provided only a fleeting boost to prices."Given the severe supply glut in the oil markets globally, it is quite unlikely that the Gulf spat would lead to a spike in oil prices in the short or medium term," M.R. Raghu, executive vice president of Kuwait Financial Center (Markaz), told AFP.

Více Business Time14 June 2017 17:36:04


Brainworks eyes JSE listing

14 June 2017 01:04:18 The Herald

Business Reporter Brainworks Limited, a Mauritian-based holding company with a diversified Zimbabwean investment portfolio, has made its submission to list on the Johannesburg Stock Exchange (JSE) main board. Founder and non-executive director George Manyere in a statement said the listing of the portfolio of premium Zimbabwe-based assets is aimed at improving access to capital; both...

Více Business Time14 June 2017 01:04:18


Conventions on chemical management, hazardous wastes

14 June 2017 00:11:16 The Herald

International Environmental Conventions also known as multilateral agreements are an integral part of the international environmental governance system. Each convention covers specific issues such as climate change, biodiversity, desertification, land degradation and chemicals handling among others. The management of hazardous substances world over is regulated by various conventions such as the Basel, Bamako, Minamata, Rotterdam...

Více Business Time14 June 2017 00:11:16


Keeping pets remains difficult under SA sectional title rules

13 June 2017 12:43:02 The Herald

JOHANNESBURG. — For those living in a South African sectional title scheme, there are certain new rules to be read together with the Sectional Title Act, which owners and residents must abide by. The keeping of pets has retained its number one spot, as the first rule in the “Model Conduct Rules of a Sectional...

Více Business Time13 June 2017 12:43:02


Homeowners’ associations: Pros and cons

13 June 2017 12:43:02 The Herald

JOHANNESBURG. — As a homeowner in an estate or boomed-off area, a buyer may be required to join a Homeowners’ Association (HOA), which means adhering to numerous rules and regulations stipulated by the HOA. Understanding the pros and cons of Home­owners’ Associations With security a factor that is influenc­ing home-buying decisions in South Africa, many...

Více Business Time13 June 2017 12:43:02


CBZ to develop 12 000 Southlea Park stands

13 June 2017 12:43:02 The Herald

Enacy Mapakame Property Reporter FINANCIAL services group CBZ Holdings Limited will develop over 12 000 residential stands in Harare’s Southlea Park as part of efforts to provide affordable housing solutions to home seekersIn an interview, group chief executive Mr Never Nyemudzo said the group was negotiating with its partners for the purchase of 500 hectares for...

Více Business Time13 June 2017 12:43:02


NSSA to sell St Tropez flatsLaz

13 June 2017 12:43:02 The Herald

Property Reporter THE National Social Security Authority has completed the refurbishment of demo-units at its St Tropez residential flats to be sold by the National Building Society. NBS is NSSA’s banking arm whose role is to provide affordable financing of end customers. The bank has introduced finance with tenures of up to 25 years on a...

Více Business Time13 June 2017 12:43:02


Warehouses: Next big thing in real estate

13 June 2017 12:43:02 The Herald

NAIROBI. – Reports indicate that the best days for residential, retail and office segments might be behind us; for developers that is. What with analysts touting oversupply and prices that have stagnated? One segment, however, has received less attention than the rest over the years, and with Nairobi’s stature as an economic hub, this neglect...

Více Business Time13 June 2017 12:43:02