AFRICA BUSINESS

Comesa hunts for Ngwenya successor

THE Common Market for Eastern and Southern Africa (Comesa) has started hunting for a candidate to replace the secretary-general, Mr Sindiso Ngwenya, whose tenure expires later this year.Mr Ngwenya, a ...

By Staff reporter | Published: 08 January 2018

AFRICA NEWS

White Zimbabwean farmer returns home in style

SPIRIT mediums and traditional leaders yesterday led a cleansing ceremony at Lesbury farm in Rusape as Robert Smart and his family made a grand return to the farm over six months after they were evic...

By Staff reporter | Published: 07 January 2018

AFRICA BUSINESS

Comesa explores ways to reshape policy

STAKEHOLDERS in port management and policymakers in Africa are exploring ways to reshape policy and harness benefits that accrue from maximising the comparative advantages of landlocked countries.Part...

By Staff reporter | Published: 05 December 2017

AFRICA BUSINESS

Surplus power generation in Sadc

The improved electricity generation in southern Africa is a welcome development for the region as energy supply is a key enabler for industrialisation.Energy shortages experienced over the past few ye...

By Staff reporter | Published: 04 December 2017

AFRICA BUSINESS

Zim, Zambia inch towards One-stop Border Post deal

Zimbabwe and Zambia are close to finalising a bilateral agreement that will result in the establishment of a One-Stop Boarder Post (OSBP) in Victoria Falls, a senior Government official said on Monday...

By New Ziana | Published: 03 December 2017

AFRICA BUSINESS

Moody's places SA Inc on downgrade review

Global ratings agency Moody's has placed a number of major South African cities and municipalities, banks, businesses and insurance groups on review for downgrade, after it did so for the country's so...

By Staff reporter | Published: 29 November 2017

AFRICA BUSINESS

S&P Global downgrades SA to junk

Global ratings agency S&P Global Ratings on Friday evening downgraded South Africa's long-term local currency rating to 'BB+', or junk, from 'BBB-' with a stable outlook, while Moody's has placed ...

By Staff reporter | Published: 25 November 2017

AFRICA BUSINESS

Comesa countries urged to embrace regional insurance scheme

COUNTRIES in East and Southern Africa have been urged to fully embrace the Yellow Card scheme, which seeks to provide third-party insurance cover to motorists as part of measures to facilitate intra-r...

By Staff reporter | Published: 27 September 2017

AFRICA NEWS

JSE hit by a technical glitch, to be shut down

THE JOHANNESBURG Stoch Exchange has been hit by a technical glitch on the Equity Market and also on the Equity Derivatives Market.In a statement to its clients, the JSE said it was dealing with a pro...

By Staff reporter | Published: 21 September 2017

AFRICA NEWS

SA starts processing permits for Zimbabweans

SOUTH Africa has started accepting new applications for permits that would allow Zimbabweans to stay in the neighbouring country for the next four years.The Zimbabwean Exemption Permit (ZEP) replaces ...

By Staff reporter | Published: 18 September 2017

AFRICA BUSINESS

SA expected to cut interest rates to 6.50%

South Africa's central bank is expected to cut its benchmark interest rate by another 25 basis points next week, taking it to 6,50 percent, as inflation is considered likely to moderate, a Reuters pol...

By Reuters | Published: 14 September 2017

AFRICA NEWS

SA introduces new rules for Zim permit holders

The South African government has announced new regulations for the new four-year, non-renewable permit for nearly 200 000 Zimbabweans working and studying in South Africa.The new permits, known as the...

By Staff reporter | Published: 08 September 2017

AFRICA BUSINESS

SA should nationalise SARB, parly told

The South African government should buy back privately-held shares in the South African Reserve Bank (SARB) if it can afford to, an interim report tabled in Parliament recommended.The idea - to nation...

By Staff reporter | Published: 06 September 2017

AFRICA BUSINESS

Rand weaker ahead of GDP figures

The Rand weakened against the dollar yesterday ahead of second-quarter gross domestic product (GDP) numbers and as safe-haven assets gained after a nuclear test by North Korea.At 5pm, the rand was bid...

By Staff reporter | Published: 05 September 2017

AFRICA BUSINESS

SA exits recession with 2.5% GDP growth

South Africa's gross domestic product has rebounded with 2.5% growth for the second quarter of the year.This is an improvement from the contraction reported for two consecutive quarters. GDP declined ...

By Staff reporter | Published: 05 September 2017

AFRICA BUSINESS

Free Trade negotiations to be concluded by October

NEGOTIATIONS for the Tripartite Free Trade Area (TFTA) will be concluded by the end of next month to provide a single trade regime covering three regional blocs to accelerate trade.Speaking at the fou...

By Staff reporter | Published: 05 September 2017

AFRICA NEWS

Namibia freezes nursing posts for Zimbabweans

THE Namibian government has suspended the recruitment of all foreign nurses, among them Zimbabweans, while the period of extensions of contracts for foreign doctors has been slashed from four to two y...

By Staff reporter | Published: 01 September 2017

AFRICA BUSINESS

FNB has been pandering to DA politics

COSATU calls for the reinstatement of four FNB employees dismissed for exercising their right to freedom of speech.The Congress of South African Trade Unions (COSATU) condemns the unfair dismissal of ...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

Namibia expels Zimbabwean engineering expats

The Namibia government is letting go Zimbabwean engineering expatriates seconded there on a government-to-government agreement.This comes ahead of the expiry of a five-year Memorandum Of Understanding...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

AfDB decentralises operations

The African Development Bank (AfDB) has opened a regional development and business delivery office in Pretoria, South Africa which will be responsible for the institution's operations in Southern Afri...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

White Zim farmers take on Nigeria's challenges

Farming in Nigeria is not for the fainthearted.Intermittent electricity means generators are needed half the time. Chronically potholed roads make transport slow and expensive. Fake fertiliser has pr...

By AFP | Published: 27 August 2017

AFRICA BUSINESS

Namibians protest over Zimbabwean engineers

AT least 29 Zimbabwean architects and quantity surveyors were exempted from registering with the Namibia Architects and Quantity Surveyors' Council, courting the ire of Namibians who felt the Zimbabwe...

By Staff reporter | Published: 24 August 2017

AFRICA BUSINESS

Comesa seeks integrated regional transport network

THE Common Market for Eastern and Southern Africa (Comesa) is in the process of setting up a modern railway technology known as the Futran System, an automated system that can take a payload of up to ...

By Staff reporter | Published: 24 August 2017

AFRICA BUSINESS

Regional industrialisation core on Sadc indaba agenda

The SADC Council of Ministers meeting, which kicked off on Tuesday has placed regional industrialisation at the centre of its agenda. In a media briefing, South African Minister of International Relat...

By Staff reporter | Published: 17 August 2017

AFRICA BUSINESS

SA banks sued for R60bn in home repossession case

More than 225 applicants, mostly from Gauteng townships, have launched a suit in the Constitutional Court, claiming damages from the big banks for home repossession abuse.The applicants are claiming R...

By Staff reporter | Published: 16 August 2017
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