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Concern over rise in Zim political violence

July 19 2017 ‑ ZIMBABWEAN civic society organisations have raised concern over the “rise in political intolerance” in the country following the torching of MDC-T vice-president Elias Mudzuri’s near the city centre in the capital Harare yesterday, and the destruction of a perimeter wall at the house of the opposition party’s councillor, Wilton Janjazi, in the Kuwadzana high-density suburb. ZimRights said it ... Read More »

UK inflation in surprise June decline

July 18 2017 – OFFICIAL  figures show that inflation in Britain unexpectedly fell in the year to June, a development that’s likely to ease market expectations that the Bank of England will raise interest rates soon. The Office for National Statistics said Tuesday said consumer prices were 2.6 percent higher in the year to June, down from 2.9 percent the ... Read More »

SAB to expand operations

July 12  2017  SAB, SA’s  largest brewer,  will be  investing R2.8 billion in  expanding  two of its breweries in, Alrode in the south of Johannesburg and Rosslyn, outside of Pretoria.   SAB said the expansions would include a new packaging line for returnable glass bottles at both breweries and a brewhouse at Rosslyn, and will create up to 70 additional ... Read More »

Ethiopia earns record US$866 mln from coffee exports

July 12 2017 – ETHIOPIA has announced a record  US$866 million earning from coffee export during the just concluded fiscal year. The announcement by the Ethiopian Coffee and Tea Development and Marketing Authority on Wednesday said Ethiopia has secured the revenue from the export of 221 000 tonnes of coffee to the global market. According to the authority, the country ... Read More »

Steward bank suspends pay TV payments over forex shortages

July 11 2017 – ZIMBABWE‘s Steward Bank has suspended payments to the pay-TV subsidiary of South Africa’s Naspers, citing unavailability of foreign currency, in a sign that dollar shortages are worsening in the southern African nation. Local banks have been forced to limit withdrawals due to cash shortages while importers face long delays in paying for goods they bring in, ... Read More »

JSE cost cutting threatens jobs

July 09 2017 – THE Johannesburg Stock Exchange (JSE) has come up with  a number of initiatives aimed at reducing annualised costs of by millions of rand.  This entails  a reduction in the JSE’s technology operating expenditure by a minimum of R70 million over a two-year period, and a consultation process in terms of section 189A of the Labour Relations Act. ... Read More »

ANC to tackle land issue

July 4  2017  – AFTER 23 years  in power the ANC, realises that it needs to  to things differently, particularly on the land question, says  Small Business Development Minister and head of the ANC’s drafting committee, Lindiwe Zulu, on (today) Tuesday. “In the main, people are pushing us only on to this subject of radical economic transformation, but the debates ... Read More »

Nambians protest against Shoprite

Shoprite hikes six months turnover to R71bln

July 02 2017 –  A crowd of Namibians gathered in unity last Friday in front of Shoprite, threatening to boycott the  supermarket  if  the company does not  comply with  it  better  working conditions and the reinstatement of employees dismissed in 2015. The angry crowd, in collaboration with the Economic and Social Justice Trust and other organisations, convened a demonstration in ... Read More »

No more data charges for FNB banking app

June 29  2017 – FNB announced on Thursday it has slashed data charges for its banking app, meaning that customers who use its banking app will no longer need data to access it via their smartphones from 1 July. This follows an agreement with all major mobile network operators in South Africa to zero rate access to the FNB Banking ... Read More »

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