SOUTHERN AFRICA
Zimbabwe faces having its diamonds suspended from international trading because of alleged human rights abuses by government security forces in the country's diamond fields. 4 Nov 2009 09:00
SOUTHERN AFRICA
Bidvest Namibia, the commercial services and fishing business, announced late last week that its public offer of 50 719 000 ordinary shares had been oversubscribed. Applications for 54 809 716 shares came in from 676 applicants. 26 Oct 2009 06:34
SOUTHERN AFRICA
[Dumisani Ndlela] The country's beverages group, Delta Corporation, has brought back the Chibuku “shake-shake” brand of opaque beer which had been abandoned in 1991 with the introduction of the “scud” brand. 23 Oct 2009 11:58
SOUTHERN AFRICA
[Fidelis Zvomuya] Standing under a Musawu tree, in the middle of her homestead, three months pregnant, Muchaneta Kagodo, is terrified, as changes in climate have spelt misery, loss and hunger. Kagodo is from Kairezi village in Muzarabani, Zimbabwe. 22 Oct 2009 12:02
SOUTHERN AFRICA
The offer to the Namibian public of 50,7 million shares closes today, Thursday 15 October 2009 at 12pm ahead of the scheduled listing of Bidvest Namibia on the Namibian Stock Exchange on 26 October. The listing is expected to raise N$313.6 million, earmarked for further investment and expansion of local opportunities. 15 Oct 2009 08:51
SOUTHERN AFRICA
NEWSWATCH: South Africa's Shoprite has put its latest investment plans in Zimbabwe on hold according to a report on Mail & Guardian online yesterday, Monday, 12 October 2009, due to the unstable socio-economic and political landscape in the country. 13 Oct 2009 07:38
SOUTHERN AFRICA
[Arão Valoi] MAPUTO: As South Africa prepares for the 2010 FIFA World Cup, Mozambican travellers are already indicating a desire to visit the country. Spending by Mozambican Visa cardholders visiting South Africa increased last year compared with 2007, says the Visa Tourism Outlook, a new report highlighting international Visa cardholder spending in South Africa, issued in September 2009. 7 Oct 2009 07:16
SOUTHERN AFRICA
HARARE: The United States Agency for International Development (USAID) and the Standard Chartered Bank of Zimbabwe (Stanchart) have signed an agreement to enable the bank to expand its lending by US$20 million over five years. The program, made possible under USAID's Development Credit Authority, is targeted at the agricultural sector and will allow Stanchart to increase the number of loans it makes directly to farmers and enterprises. 6 Oct 2009 08:34
SOUTHERN AFRICA
The Dairy Board of Zimbabwe yesterday, 1 October 2009, informed the Gushungo Dairy Estate and the seven other farms with whom Nestlé Zimbabwe began working on a temporary basis in February 2009, that it is now in a position to resume purchasing their milk. Nestlé Zimbabwe therefore will no longer be receiving milk from these eight farms from Sunday, 4 October 2009. 2 Oct 2009 09:32
SOUTHERN AFRICA
Interest is building up in the planned stock exchange listing of Bidvest Namibia ahead of distribution to prospective investors of the listings prospectus. Sebby Kankondi, Windhoek-based CEO of Bidvest Namibia, reports that interest has been huge and staff have fielded constant enquiries since listing preparations were advertised in local media. 1 Oct 2009 11:08
SOUTHERN AFRICA
The International Monetary Fund has drawn up a preliminary agreement with Angola to grant up to US$890 million in loans. The deal, announced on Tuesday, 29 September 2009, will help alleviate the country's immediate cash flow pressures, the IMF said. 1 Oct 2009 07:32
SOUTHERN AFRICA
[Dumisani Ndlela] Standard Chartered Bank (Zimbabwe), the primary agent for Visa in Zimbabwe, announced the return of Visa this week, noting that it had started issuing bank customers with the cards on request. 23 Sep 2009 08:52
SOUTHERN AFRICA
[Dumisani Ndlela] Zimbabwe's retail players are circumventing wholesalers in the country's supply chain as retail competition in the country intensifies. Retailers are seeking direct relationships with manufacturers in order to cut prices and keep customers in a highly competitive market. 17 Sep 2009 13:53