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Zimbabwean woman arrested for smuggling rhino horns at Jozi airport

August 11 2017 – A ZIMBABWEAN  woman  has been arrested at the OR Tambo International Airport in Johannesburg, for smuggling and the illegal possession of two rhino horns, says the environmental affairs department said on Friday(yesterday) “The 30-year-old  woman was arrested after suspicious items were noticed by private security personnel during scanning of her check-in luggage and reported to customs ... Read More »

McDonald’s to double restaurants in China by 2022

August 08  2017 – FASTFOOD giant, McDonald’s plans to ramp up its China operations by nearly doubling the number of restaurants in the country over the next five years, the US  chain announced on Tuesday. The company plans to grow its number of outlets in China, which boasts the world’s largest population, from 2 500 to 4 500 by 2022. ... Read More »

SA unemployment remains high

 August 7  2017 – THE unemployment rate for the second quarter of 2017 has remained unchanged at 27.7 percent quarter-to-quarter, but increased by 1.1 percentage points year-on-year, Statistics South Africa (StatsSA) said on Monday.  StatsSA released the results of the Quarterly Labour Force Survey (QLFS) on Monday, which indicated that employment in the second quarter of 2017 declined by 113 000 to approximately 16.1 million.  ... Read More »

Zim suspends import duty on soyabeans

August 06 2017 – THE Zimbabwean Minister of Finance, Patrick Chinamasa,  has suspended duty on hydrogenated soya bean oil for a year with effect from July 1, 2017, according to the government gazette. Hydrogenated soya bean oil is used to produce margarine, cooking oil, salads. So far, Olivine Industries  is the only approved hydrogenated soya bean oil importer to benefit ... Read More »

Price of SA fuel to go up

July 30 – THE price of both 93 and 95 octane unleaded petrol (ULP) and lead replacement petrol (LRP) will increase by 19c/l in August,  says the energy department. The price of diesel 0.05 percent sulphur will increase by 29c/l and the price of 0.005 percent sulphur will increase by 30c/l. “International factors include the fact that South Africa imports both ... Read More »

Gains for AT&T and Boeing help lift US stock indexes

July 26 2017 – US STOCKS continue to reach record highs as they make slight gains in afternoon trading Wednesday. Boeing and AT&T rose sharply after posting strong second-quarter results. Energy companies rose along with the price of oil. Treasury yields took a modest step backward as the Federal Reserve prepares to wrap up a two-day meeting on interest rates, ... Read More »

Ghana’s industry inflation declines

July 26 2017  — THE  Producer Price Index (PPI) announced here on Wednesday by the Ghana Statistical Service (GSS) declined 0.1 percentage points to 3.6 percent year-on-year for June 2017 in Ghana, relative to the 3.7 percent recorded for May 2017. Acting Government Statistician Baah Wadieh explained that the slight dip in the PPI was due to a base-drift effect ... Read More »

Probe on high data for SMEs

July 24  2017– THE probe on the cost of data, will focus on how it has had limitations in particular on small to medium sized enterprises, says SA Finance Minister Malusi Gigaba . “We believe that further reforms in the telecommunications sector would be supportive of entrepreneurs and small businesses through reduction of costs to do business,” says Gigaba today ... Read More »

Benoni born Zim first lady turns 52

July 23 2017 – Zimbabwe’s First Lady Grace Mugabeturned 52 on Sunday, with the state run describing her as a great mother. “A mother, a philanthropist, a First Lady,” says the headline on a special six-page supplement published in her honour by the state-run Sunday Mail. The newspaper and the supplement carried large, full colour advertisements from Air Zimbabwe and the Mugabes’ ... Read More »

Decrease in interest rate good for economy – FNB

July 21  2017 – ECONOMISTS have welcomed the decreased interest rates, saying that it would have a positive impact on many sectors of the economy, including agriculture, investment, and franchising, today. This comes after the SA Reserve Bank (Sarb) announced on Thursday, that the Monetary Policy Committee had decided to reduce the repurchase rate by 25 basis points, to 6.75 ... Read More »

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