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Medical aid fraud rises

November 20 2017 – MEDICAL aid societies are incurring huge losses through fraud, a phenomenon blamed on the lack of specific laws designed to deal with healthcare fraud in the country. In discussions and presentations at the Healthcare Fraud Indaba in Harare on Thursday it was noted that medical aid societies were incurring huge losses through fraud. There was general ... Read More »

SA and DRC to remove trade barriers

November 11 2017 – SA and the Democratic Republic of Congo (DRC) have committed to remove hurdles that hinder business interactions between business people of the two countries, the trade and industry department (dti) said on Saturday. The agreement and commitment emanated from discussions held during this week’s Investment and Trade Initiative (ITI) seminar, organised by the dti and hosted ... Read More »

Mr Price doing things right

November 8 2017 – SA clothing retailer Mr Price Group has been praised for turning around its fortunes in a short space of time after losing its market share last year, says FNB Secuirities’s head of research, Chantal Marx adding that the group’s strategy was paying off with good returns. This comes after Mr Price on Tuesday said that it ... Read More »

DA pushes for better Gautrain subsidy deal

November 5 2017 – TAXPAYERS will, over and above the R30 billion Gautrain construction price tag, have paid well over R50 billion for this service if current subsidy levels continue, the Democratic Alliance said on Sunday. The current Gautrain subsidy was the largest single item of expenditure in the budget of the Gauteng roads and transport department, making up roughly ... Read More »

Fuel price increase for SA

October 30 2017 – THE price of all fuel will increase with effect from midnight on (tomorrow) Tuesday, with the drivers of diesel vehicles hardest hit. The price of all grades of petrol will increase by four cents a litre, while diesel (0.05 percent sulphur) will rise by 23c/l and diesel (0.005 percent sulphur) by 27c/l, the energy department said ... Read More »

Matebeleland female CEOs top Zim list

October 28 2017 – THE number of female headed companies in Zimbabwe’s manufacturing sector has risen by 8 percent, a survey by the Confederation of Zimbabwe Industries (CZI) has shown, with the highest coming from Matbeleland. According to the survey women now lead about 13 percent of companies in the manufacturing sector from about 5 percent in previous years. More ... Read More »

Zimbabwe faces hyperinflation again

ZCTU shelves anti bond demos

October 28 2017– LESS than a decade after hyperinflation obliterated Zimbabwe’s dollar along with its pensions and savings, the southern African nation is suffering a return to precipitous price rises. Zimbabwe adopted the US dollar in 2009, along with Britain’s pound and the SA rand, to tame inflation that topped out at 500 billion percent. But the relative financial stability ... Read More »

SA to upgrade ports of entry to boost regional trade – Gigaba

October 25 2017– South African Finance Minister Malusi Gigaba on Wednesday said government was planning to upgrade the country’s key ports of entry in a bid to improve regional trade and curb slow economic growth. Gigaba said that there were many opportunities across the Sub-Saharan African region that South African companies could capitalise on as the region’s growth outlook had ... Read More »

Durban storm damages hit half a billion rands

October 24 2017 – IT WILL cost the Municipality of eThekwini more than a half a billion rand to repair damages caused by recent storms has escalated to more than half a billion rand. The Executive Committee on Monday approved a report at a meeting, which stated that the estimated cost to repair infrastructure damaged during the storm on 10 ... Read More »

Zims hold on to the US dollar

October 17 2017 – FOREIGN currency cash transacted in July was $USD 101,82 million down from $334,61 million in April, showing more people are increasingly holding on to the greenback, latest, statistics from the central bank have shown. This also comes as banks have stopped giving out withdrawals in dollars and are only availing coins and in few instances bond ... Read More »

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