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PPC Ltd. and its investors agreed to replace some of the South African cement maker’s board members without holding a meeting to vote on whether to have a total clear-out as had been planned.
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Harare Bureau CBZ bank has issued Agricultural Marketing Authority bills worth $50 million after successfully raising $53 million in the first issue floated on June 1 this year.
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Tinashe Makichi Harare Bureau National Railways of Zimbabwe is struggling to attract investment from the private sector because it is not bankable which has seen it failing to stem its ballooning salary debt, a senior company official said.
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THE Old Mutual Investment Group outlined plans to grow its presence in West Africa, particularly in Nigeria. The Group, which is touted as the largest private sector investor in Africa, the South African-headquartered company has embarked on a capital-raising
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CAPE Town — SABC chairperson Ellen Tshabalala failed a course in labour relations so badly that she didn’t even qualify to reregister to obtain her diploma, a Unisa official told MPs yesterday.
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JOHANNESBURG PPC Ltd (PPC) and its investors agreed to replace some of the South African cement maker’s board members without holding a meeting to vote on whether to have a total clear-out as had been planned.
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SINGAPORE — Gold steadied near $1,200 per ounce yesterday as a rise in oil prices provided support, but strength in the dollar and optimism about the US economy weighed on the metal’s appeal as a hedge.
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BRAZIL and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the United States dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank
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EUROPEAN companies involved in construction of South Stream will suffer direct losses of at least €2.5 billion after Russia cancelled the project, says a South Stream Transport press release.
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Pretoria – Spending on research and development (R&D) remains stubbornly at 0.76 percent of GDP for the third year in a row, according to the 2012/13 national survey of research and development.
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Oliver Kazunga Senior Business Reporter CHINA Exim Bank will before the end of the month disburse $65 million, which is the first batch of a $218,9 million facility for the NetOne Network Expansion Phase II Project.
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Charity Ruzvidzo Business Reporter WOMEN in Tourism are set to host a business expo aimed at increasing access to the market and creation of business opportunities for women in the sector.
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Oliver Kazunga Senior Business Reporter THE Common Market for Eastern and Southern Africa (Comesa), which has so far raised $8,8 million, has called on member states to pay their contributions to the bloc’s regular budget.
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Oliver Kazunga Senior Business Reporter BINDURA Nickel Corporation has announced the publication of a prospectus for a $20 million bond issue to help fund the restart of its nickel smelter.
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