Major forex shocks stand out for 2015
LONDON. — Three major foreign exchange shocks stand out for 2015 — January’s de-pegging of the Swiss franc, August’s renminbi devaluation and December’s euro correction. Each was the result of a market...
View ArticleMTN hires 7 advocates for Nigeria battle
JOHANNESBURG — MTN has engaged seven Nigerian senior advocates to fight the $3,9bn fine imposed on it by the Nigerian Communications Commission (NCC) for failing to disconnect more than 5 million...
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Tongaat workers return to work
Sugarcane producer, Tongaat Hullet said yesterday workers have returned to work and sugar ethanol supplies to the market have resumed after a three-week strike over a wage dispute ended on Friday...
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The good, the bad and the ugly
FLASHBACK . . . President Mugabe poses for a photograph with his Chinese counterpart Xi Jinping during his visit to China last yearBusiness Reporters For some, it will be an unforgettable year after...
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Crude oil plumbs new post-crisis depths
LONDON. – Brent crude dropped to its lowest level in more than a decade, surpassing lows reached in the depths of the financial crisis, hit hard by a relentless rise in global production that looks set...
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MFI loan disbursements up 50pc
The Zimbabwe Micro-finance Fund (formerly the Zimbabwe Micro-finance Wholesale Facility) said yesterday its loan disbursements shot up by more than 50 percent to $10,3 million this year as appetite for...
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RBZ dismisses Zimdollar report
Dr MangudyaBusiness Reporters THE Reserve Bank of Zimbabwe allayed fears over the return of the local currency after panic gripped the banking public yesterday following a fake message circulating on...
View ArticleWhy emerging markets contained Fed rates hike
Almost two years ago, when the Fed did no more than suggest it might raise rates at some point in the not-too-distant future, emerging markets assets were roiled so badly that the incident has acquired...
View ArticleChina to facilitate steady growth in 2016
The Chinese central government will make fiscal policy more forceful and monetary policy more flexible to keep growth within a proper range in 2016, with an emphasis on structural reforms, an official...
View ArticleDeveloping a savings culture
Sanderson Abel Saving entails setting a fraction of income aside for future use, thereby transferring resources over time. It facilitates consumption smoothing, which is particularly important in...
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Zimbabweans accused of blocking indigenisation
FOREIGN investors are open to indigenisation while Zimbabwean private sector executives and some senior Government officials are the most vocal critics of the initiative aimed at empowering and...
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Fastjet expects lower than anticipated revenues
fastjet Zimbabwe plans to expand both locally and across AfricaLONDON. — Low-cost African airline Fastjet said revenues for 2015 and 2016 are likely to be lower than anticipated due to challenging...
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Manatsa retires from BAT
Lovemore ManatsaBusiness Reporter BRITISH American Tobacco Zimbabwe managing director Lovemore Manatsa will retire from the company next month. Manatsa will leave the Zimbabwe Stock Exchange-listed...
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Zambia, Zim collaboration to boost power output
Kafue GorgeLUSAKA. — Zambia and Zimbabwe have made giant strides towards easing the power deficit the two countries are currently facing, with the approval of the $72 million 2016 operational budget...
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Chemplex seeks $10m for ZFC
Business Reporter Chemplex Corporation is negotiating for a $10 million loan facility with Agribank for ZFC Limited that will go towards plant upgrades and addressing working capital needs.ZFC Limited...
View ArticleLet’s spread the Christmas cheer
Zachary Aldwin Milkshake in the Boardroom “Get out! We are closing!” The words echoed in my head as much as the sound of the slamming door that accompanied them. That was the treatment I got as I tried...
View ArticleXmas party mistakes
1. Re-enact the full Monty in a crematoriumTact and decorum are pretty important if you work in a chapel of rest.Strange then that staff at a Chester funeral home thought it would be a good idea to...
View ArticleLessons for Zim from S Korea
Dr Gift Mugano South Korea was separated from the North Korea in 1945. Between the years, South Korea was involved in a war which led to destruction of productive capacity and social infrastructure and...
View ArticleTips for office Christmas party
There are a lot of less savoury traditions associated with end of year Christmas parties and a lot of these have to do with lack of good preparation. Below are some tips to ensure that your party is a...
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Call for transparency on bank charges
Martin Tarusenga The Business Herald article of Thursday 3rd December 2015 calling for public disclosure on loan interest rates charged by banks generated significant public interest, with members of...
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