the Retail community of Southern Africa

Zim: Kimberley Process ignores its own advice

Fri, 06 Nov 2009 10:45:00 +0200

JOHANNESBURG: Zimbabwe's rough diamond trade has escaped a six-month suspension by the Kimberley Process Certification Scheme (KPCS) - an international initiative to stem the flow of conflict diamonds - after its own investigating team recommended earlier in 2009 that the country be temporarily barred from importing and exporting the gems.
Read full story... | Send to a friend

Zimbabwean diamonds face ban

Wed, 04 Nov 2009 09:00:00 +0200

Zimbabwe faces having its diamonds suspended from international trading because of alleged human rights abuses by government security forces in the country's diamond fields.
Read full story... | Send to a friend

Bidvest Namibia share-offer oversubscribed

Mon, 26 Oct 2009 06:34:00 +0200

Bidvest Namibia, the commercial services and fishing business, announced late last week that its public offer of 50 719 000 ordinary shares had been oversubscribed. Applications for 54 809 716 shares came in from 676 applicants.
Read full story... | Send to a friend

Zim: Delta brings back the old beer brand

Fri, 23 Oct 2009 11:58:00 +0200

The country's beverages group, Delta Corporation, has brought back the Chibuku “shake-shake” brand of opaque beer which had been abandoned in 1991 with the introduction of the “scud” brand.
Read full story... | Send to a friend

Zim: Climate change puts Muzarabani on knife edge

Thu, 22 Oct 2009 12:02:00 +0200

Standing under a Musawu tree, in the middle of her homestead, three months pregnant, Muchaneta Kagodo, is terrified, as changes in climate have spelt misery, loss and hunger. Kagodo is from Kairezi village in Muzarabani, Zimbabwe.
Read full story... | Send to a friend

Deadline looms for Bidvest Namibia share offer

Thu, 15 Oct 2009 08:51:00 +0200

The offer to the Namibian public of 50,7 million shares closes today, Thursday 15 October 2009 at 12pm ahead of the scheduled listing of Bidvest Namibia on the Namibian Stock Exchange on 26 October. The listing is expected to raise N$313.6 million, earmarked for further investment and expansion of local opportunities.
Read full story... | Send to a friend

Shoprite halts Zim investment plans

Tue, 13 Oct 2009 07:38:00 +0200

NEWSWATCH: South Africa's Shoprite has put its latest investment plans in Zimbabwe on hold according to a report on Mail & Guardian online yesterday, Monday, 12 October 2009, due to the unstable socio-economic and political landscape in the country.
Read full story... | Send to a friend

Mozambique contributes millions to SA economy

Wed, 07 Oct 2009 07:16:00 +0200

MAPUTO: As South Africa prepares for the 2010 FIFA World Cup, Mozambican travellers are already indicating a desire to visit the country. Spending by Mozambican Visa cardholders visiting South Africa increased last year compared with 2007, says the Visa Tourism Outlook, a new report highlighting international Visa cardholder spending in South Africa, issued in September 2009.
Read full story... | Send to a friend

Zim: USAID launches agricultural support facility

Tue, 06 Oct 2009 08:34:00 +0200

HARARE: The United States Agency for International Development (USAID) and the Standard Chartered Bank of Zimbabwe (Stanchart) have signed an agreement to enable the bank to expand its lending by US$20 million over five years. The program, made possible under USAID's Development Credit Authority, is targeted at the agricultural sector and will allow Stanchart to increase the number of loans it makes directly to farmers and enterprises.
Read full story... | Send to a friend

New milk supply arrangements for Nestle Zimbabwe

Fri, 02 Oct 2009 09:32:00 +0200

The Dairy Board of Zimbabwe yesterday, 1 October 2009, informed the Gushungo Dairy Estate and the seven other farms with whom Nestlé Zimbabwe began working on a temporary basis in February 2009, that it is now in a position to resume purchasing their milk. Nestlé Zimbabwe therefore will no longer be receiving milk from these eight farms from Sunday, 4 October 2009.
Read full story... | Send to a friend