A new-look Rainbow Chicken is taking shape amid enthusiasm from investors who have boosted its share price by a third since November. Driving the change is Rainbow's R1bn acquisition of Foodcorp and a R3,9bn rights issue, setting the scene for more positive developments.
4 Feb 2013 08:12
Bringing remittance prices down to 5% from the current 12.4% average cost would put US$4bn more in the pockets of Africa's migrants and their families who rely on remittances for survival‚ the World Bank said on Monday (28 January).
29 Jan 2013 15:18HARARE, ZIMBABWE: Germany warned that takeovers of foreign-owned safari ranches by Zimbabwean politicians could jeopardise the country's co-hosting of this year's United Nations tourism conference.
10 Jan 2013 11:46[Tawanda Karombo] International refined foods manufacturer Nestle invested US$12m into its Zimbabwean operations in 2012 despite the uncertainty surrounding its future in Zimbabwe as the government has not yet decided upon its indigenisation compliance plans. However‚ the Swiss company has reiterated its commitment to its operations in the country.
4 Jan 2013 08:59 [Tawanda Karombo] HARARE, ZIMBABWE: Zimbabwe has ratcheted up the pressure on SA platinum mining companies to finance empowerment proposals as the government is too cash-strapped to provide funding for this. The mines have insisted that the new shareholders be forced to abide by their obligations to fund operations where necessary.
19 Dec 2012 09:43 GWERU, ZIMBABWE: Zimbabwe President Robert Mugabe on Friday (7 December) vowed to overhaul business laws to require 100% black ownership of firms, up from 51%.
10 Dec 2012 09:29
Fundamo, a Visa Inc. company and a global specialist mobile financial service provider, have reported accelerated growth of mobile financial services in Africa. In 2012, Fundamo has launched three new services - FirstMonie with First Bank Nigeria and Celpay with Celpay International in Uganda and Zimbabwe.
13 Nov 2012 10:50WASHINGTON - The International Monetary Fund relaxed its restrictions on providing consulting support to Zimbabwe as the country moved toward constitutional reforms and showed improvement in economic policy co-operation with it.
7 Nov 2012 10:13Investors on the Zimbabwe Stock Exchange (ZSE) reacted negatively to Econet Wireless's interim financials to the end of August‚ which showed a marginal 4.5% after-tax profit growth.
5 Nov 2012 14:34That's if you are in Zimbabwe, that is... Following the land grab, agriculture collapsed and the Zimbabwean economy also collapsed - and hyperinflation wiped out savings.
30 Dec 2011 08:47
South Africa and other developing countries are in hot debate about how best to grow their economies through innovation and the development of intellectual property.
7 Sep 2011 11:17The British-based Economist Intelligence Unit has rated Harare as the worst of 140 cities in which to live according to an article published on News24. Harare suffers from daily power outages, has a shortage of water and scored just 38% on the "liveability" scale.
2 Sep 2011 12:15
Refugees and asylum permit holders in South Africa will from now on be able apply for bank accounts in the country, the Home Affairs Department announced on Thursday, 11 November 2010.
12 Nov 2010 09:42
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