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7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1185 | by Staff reporter
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44596 | by Staff reporter
Zimbabwe's Beitbridge border post project a flagship PPP
South African infrastructure development and construction materials supply group Raubex CEO Felicia Msiza enthuses that the project Raubex completed for the Zimbabwean government's road authority Zimb...Published: 06 Sep 2023 at 20:24hrs | 3 | by Cameron Mackay
Biden claims immunity from SA courts in Zimbabwe sanctions case
The US Embassy in Pretoria has issued a diplomatic note to SA claiming the Johannesburg High Court lacks jurisdiction over the US in the case brought a year ago by the Zimbabwe Anti-Sanctions Movement...Published: 25 Mar 2023 at 15:59hrs | | by Staff reporter
EFF shutdown knocks the rand
The JSE was lifted by rand hedges and precious metals miners on Monday, amid global jitters over recent banking crises abroad, with the rand showing some pressure. This was as the EFF pressed ahead wi...Published: 20 Mar 2023 at 14:25hrs | 2 | by Staff reporter
Gauteng High Court asking the court to declare US sanctions on Zimbabwe illegal and unconstitutional
The Zimbabwe Anti-Sanctions Movement is asking the court to declare US sanctions illegal and unconstitutional.In a potentially ground-breaking international case, a group called the Zimbabwe A...Published: 15 Mar 2022 at 16:14hrs | 6 | by Staff reporter
Anti Zimbabwe sanctions crusades heat up in SA
THE legal case, in which a South African-based anti-sanctions lobby group is suing United States President Joe Biden over the Zimbabwe Democracy and Economic Recovery Act (Zidera), has escalated with ...Published: 11 Mar 2022 at 07:27hrs | | by Staff reporter
Anti-sanctions crusades heat up in SA
THE legal case, in which a South African-based anti-sanctions lobby group is suing United States President Joe Biden over the Zimbabwe Democracy and Economic Recovery Act (Zidera), has escalated with ...Published: 04 Mar 2022 at 17:43hrs | | by Staff reporter
Beitbridge border post upgrade to cause delays for 6 weeks
THE busiest land border in Southern Africa will experience six weeks of delays as a result of an ongoing upgrade project.Beitbridge border post, which has about 25,000 people and 500 trucks pa...Published: 10 May 2021 at 17:26hrs | | by Staff reporter
Beitbridge upgrade to cause six weeks of delays
The busiest border crossing in southern Africa will experience six weeks of significant delays as an upgrade begins.The Beitbridge crossing straddles South Africa and Zimbabwe and is an import...Published: 03 May 2021 at 17:17hrs | | by Staff reporter
US$70m for Beitbridge upgrade
THE African Export-Import Bank (AfreximBank) has approved a US$70 million facility to fund the upgrading of the Beitbridge Border Post to enhance smooth trade in Southern Africa. Situated in M...Published: 05 Mar 2021 at 06:16hrs | 1 | by Staff reporter
Ground-breaking deal for Beitbridge border
South African lenders including Standard Bank Group and FirstRand have provided $130 million of loans for an upgrade of the Beitbridge border post.The financing for the Beitbridge border betwe...Published: 14 Feb 2021 at 12:29hrs | | by Staff reporter
Zimbabwe firm battles to recover 'sanctions' blocked funds
Gweru-based Fuest Industrial Supplies is battling to recover US$33,414 export proceeds blocked by the United States Department of the Treasury's Office of Foreign Asset Control (OFAC) seven years ago....Published: 29 Oct 2020 at 06:24hrs | 11 | by Staff reporter
PHOTOS: Mthuli Ncube meets SA investors
Finance and Economic Development Minister Professor Mthuli Ncube has posted photos of himself meeting with South African investors at First Rand to mobilize support for a syndicated loan/Bond for Zimb...Published: 26 Mar 2019 at 10:57hrs | | by Mandla Ndlovu
Mnangagwa blocks reinstatement of fired NetOne CEO
CHIEF Secretary to the President and Cabinet Misheck Sibanda has blocked NetOne from reinstating its suspended chief executive officer Lazarus Muchenje saying such a move is against the spirit of the ...Published: 09 Feb 2019 at 20:15hrs | 1 | by Staff reporter
NetOne appoints new bosses
STATE-OWNED telecommunications company, NetOne, has recruited two top executives to run the company's operations in a move expected to stabilise the firm and increase its earnings.In a stateme...Published: 06 Mar 2018 at 05:24hrs | | by Staff reporter
Zuma's hand strengthened in battle with banks and white monopoly capital
A finding by the Competition Commission that more than a dozen local and international banks colluded to rig foreign-currency trades will bolster government accusations that the nation's biggest l...Published: 20 Feb 2017 at 07:45hrs | | by Staff reporter
Zambia's Sata reverses sale of Zambian bank to South Africans
LUSAKA - New Zambian President Michael Sata on Monday reversed the $5.4 million sale of the nation's Finance Bank to South Africa's second-biggest lender FirstRand."There's no document of sale...Published: 03 Oct 2011 at 08:10hrs | | by -
Closing Market Summaries – 28 July 2011
BOTSWANA – The DCI inched up 0.15% to 7,175.17 points. Market activity continued recovering as it rose more than tenfold with 1.72m shares val...Published: 30 Jul 2011 at 07:26hrs | | by Imara
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