The Finance & Insurance community of Zimbabwe

Steel market doldrums hurt BSI

Tue, 18 Jun 2013 07:14:00 +0200

BSI Steel's headline earnings per share plummeted 51% in the year ended March 31 amid declining steel consumption in the South African market.
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Tourism growth outlook looks strong

Fri, 14 Jun 2013 07:54:00 +0200

Auditing firm PwC on Thursday (13 June) projected total room revenue in SA would grow at a compound annual rate of 9.2% between now and 2017 after overall spending on rooms in all categories rose by 13.4% in 2012 to R15.2bn‚ reflecting an increase in stay-unit nights and a 5.3% rise in the average room rate.
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Hotels moving in on Africa's potential

Mon, 10 Jun 2013 11:39:00 +0200

With limited opportunities for expansion in SA, a slew of hospitality companies are eyeing the rest of the continent, for future growth as there is an under-supply of quality hotels and upbeat economic prospects.
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Yum growth needs to be Streetwise too

Mon, 10 Jun 2013 08:34:00 +0200

YUM Restaurants International is establishing a steady platform for its KFC brand on the African continent from which it intends to grow "exponentially" in the future, according to Bruce Layzell, the group's general manager of new African markets.
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Africa must implement open skies policy

Wed, 05 Jun 2013 10:54:00 +0200

Improving safety‚ cutting fuel taxes and liberalising regulation to allow for greater connectivity between African countries are some of the key issues that must be tackled to boost aviation on the continent‚ International Air Transport Association's chief executive Tony Tyler said on Tuesday, (4 June)
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Japan offers US$10bn to Africa

Mon, 03 Jun 2013 10:26:00 +0200

TOKYO, JAPAN: Japan has pledged at least US$10bn in aid to Africa for the next five years as Tokyo prepares to host a major development conference for the resource-rich continent.
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Strong African growth shelters Nampak

Thu, 30 May 2013 09:30:00 +0200

Rapid growth in the rest of Africa's markets led Nampak's results for the six months to March as the company reported an increase in trading profits of 39% and margins in Africa, excluding SA‚ rose to 15.9%.
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197m people paying MTN for services

Wed, 29 May 2013 08:31:00 +0200

Telecommunications group MTN said on Tuesday (28 May) that the group had increased its subscriber base by 4% in the four months to April 30 to 197.4m mobile subscribers across its operations.
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Africa must make better use of resources

Tue, 28 May 2013 10:31:00 +0200

Africa's agricultural‚ mining and energy resources could be better used to boost the continent's pace of economic growth and pave the way for a breakthrough in human development‚ according to a report released on Monday (27 May).
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Beer sales keep SABMiller's profits flowing

Fri, 24 May 2013 07:51:00 +0200

Prospering from emerging markets such as Africa‚ SABMiller on Thursday (23 May) reported a 10% increase in group revenue to US$34.5bn for the year to March.
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