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Business

South Africa may pay for Gordhan’s amiability

Finance minister Pravin Gordhan’s agreeable manner was just what SA President Jacob Zuma needed to keep the peace between warring factions of the ruling African National Congress (ANC)

Business

West Star to list on ZSE

West Star yesterday said it will list on the Zimbabwe Stock Exchange (ZSE) in the next 14 months through an initial public offering (IPO) after starafrica failed to meet the deadline for transferring 100% shares in Redstar Holdings.

Business

Indigenisation scares investors

Zimbabwes indigenisation and economic empowerment policy is deterring risk-averse investors and this has negative impact on the growth of the economy, Russian investment banking group Renaissance Capital (RenCap) has said.

Business

Shell to buy Cove Energy for $1.6 bln

LONDON - Royal Dutch Shell Plc has made an agreed 992.4 million pounds bid for Mozambique-focused Cove Energy, offering a full price to open up a new gas frontier for the Anglo-Dutch oil major in East Africa.

Business

Econet terminates Ecolife

Econet Wireless has terminated its Ecolife life cover following the expiry of an agreement with partners whom the product was jointly offered.

Business

Biti slams Tender Board

Finance minister Tendai Biti has accused the State Procurement Board (Tender Board) of awarding contracts to companies that have no capacity to carry out projects.

Business

Europe seals new Greek bailout to avoid default

BRUSSELS Eurozone finance ministers sealed a 130 billion ($172 billion) bailout for Greece yesterday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts.

Business

Business in Brief: Zim embarks on SA road show

The Economic Planning and Investment Promotion ministry will next week lead a delegation to scout for potential joint-venture partnerships, export and import opportunities in neighbouring South Africa as the country eyes regional markets in the wake of the eurozone crisis.

Business

Zim company under pressure in Zambia

Lusaka — The Zambian government has expressed concern at the poor performance of the privatised Kawambwa Tea Company in Luapula province and has called for its quick revival.

Business

Business in Brief: Caledonia dispose 51% of Blanket Mine

Caledonia Mining Corporation has agreed to dispose 51% in its local gold mining unit Blanket Mine for $30,09 million in compliance with the countrys Indigenisation and Economic Empowerment Act.