2012

Recent News

Zim most expensive tourist destination

Isdore GuvamombeTourism Matrix—- Zimbabwe is by far the most expensive tourist destination compared to other destinations in the Sadc region and beyond. But for the benefit of all and sundry, l
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Govt earmarks more Special Economic Zones

Business Reporter— GOVERNMENT has earmarked the Norton and Mazowe areas for agriculture Special Economic Zones as part of efforts to attract foreign capital and to increase production. SEZs are
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ZMDC scouts for investors

Tinashe MakichiBusiness Reporter— The Zimbabwe Mining Development Corporation is scouting for investors with capacity to develop the whole copper value chain in the country either as individual
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RBZ pays tobacco farmers $27m

The Reserve Bank of Zimbabwe (RBZ) yesterday said it has paid $26, 6 million export incentive to farmers who sold tobacco during the 2016 marketing season. In order to encourage tobacco farmers to inc
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Who is Econet Global? What are they up to?

Happiness ZengeniMy Two Cents— IT had to take Econet Wireless Zimbabwe or rather Zimbabwe Stock Exchange chief executive Alban Chirume to bring this column back after an almost two year hiatus.
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Ford recalls Kuga SUV

Tinashe MakichiMotoringCorrespondent— Ford Motor Company this week recalled 1,6 litre engine Kuga sport utility vehicles sold in South Africa as a measure to address an engine overheating con
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Popular Finance

UPDATE 1-JPMorgan raises CEO Dimon's pay 3.7 pct to $28 mln

NEW YORK, Jan 19 (Reuters) - JPMorgan Chase & Co directors paid Chief Executive Jamie Dimon $28 million in total compensation for 2016, a 3.7 percent increase from the prior year, the company said on
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UPDATE 1-U.S. health agency tells Grassley there is no EpiPen deal yet

NEW YORK, Jan 19 (Reuters) - Mylan NV has yet to reach a settlement with the U.S. Department of Justice over the classification in the Medicaid program of its life-saving EpiPen allergy treatment, acc
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BRIEF-Franklin to conduct offer to buy up to 15 pct of outstanding shares

* Franklin Limited Duration Income Trust-will conduct issuer tender offer to purchase for cash up to 15 percent of fund's issued, outstanding shares Source text for Eikon: Further company coverage:
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BRIEF-Atlantic Capital says selling stockholders may offer, sell up to 3.11 mln shares

* Atlantic Capital Bancshares Inc - selling stockholders may offer and sell up to 3.11 million shares of co's common stock Source text: (http://bit.ly/2iH0m0P) Further company coverage:
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UPDATE 1-Ex-Visium fund manager convicted of fraud by Manhattan jury

NEW YORK, Jan 19 (Reuters) - A former portfolio manager at Visium Asset Management LP was convicted of fraud on Thursday, following a trial that stemmed from a federal investigation that led to the Ne
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Hudson Valley loan hits bond deal with huge loss

NEW YORK, Jan 19 (IFR) - A struggling Hudson Valley Mall about 100 miles from New York City suffered a roughly 86% loss on its debt this week and inflicted the biggest hit yet on a commercial mortgage
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BRIEF-Renasant says to get $6.8 mln if Metropolitan BancGroup terminates deal

* If Metropolitan BancGroup accepts superior proposal, it may be required to pay Renasant termination fee in amount of $6.8 million Source text: (http://bit.ly/2iPMiwZ) Further company coverage: (
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President-Elect Trump Is Already Impacting Retirees

With President-elect Donald Trump getting ready to take office and the stock market reaching all-time highs, how are retirees and financial advisors feeling about 2017? The American College of Financi
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ChronoBank Scores $2.7m In 'Crypto' Crowdfund Towards LaborX Exchange Launch

Time-based cryptocurrency initiative ChronoBank.io, which seeks to disrupt the short-term labour-hire sector, is working towards launching an exchange in early 2018 where buyers and sellers of work c
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