Wednesday, 8th April 2020


Articles related to business

Zim property 'ripe for exploitation’

Zimbabwe’s property market is largely given a wide berth by South African property groups, but some players in the industry reckon the time is ripe to start exploiting opportunities there.
The opportunities lie in the fact that for decades precious few new commercial properties have been brought to the market – and no new retail properties.

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Namibia fears end of power contract with Zimbabwe

Namibia’s Electricity Control Board’s (ECB) chief executive Siseho Simasiku is concerned that the expiration of the contract between the Zimbabwe’s power utility ZESA and Nampower will leave this country with a capacity shortage of 150 megawatts.
Speaking at a media briefing on the announcement of the ECB’s approval of a 17.20 per cent hike to…

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S.Africa crude imports from Iran down 43 pct in April

South Africa's crude oil imports from Iran fell 43 percent to 286,072 tonnes in April from the previous month, customs data showed on Thursday, indicating Pretoria could be cutting shipments to avoid looming U.S. sanctions.
South Africa has come under Western pressure to cut Iranian crude imports as part of sanctions designed to halt Tehran's…

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Russian businessman aims for ALROSA, BHP diamond asset merger

Businessman Suleiman Kerimov is hoping to merge a prospective stake in ALROSA with BHP ‎Billiton’s diamond assets, Bloomberg reported quoting Moscow based
The report indicated that Kerimov has urged the Russian government to offer 51 percent of ‎ALROSA under its asset sale program, merge it with BHP Billiton's diamond assets and…

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Rand weaker, targets R8.60

The rand hit a fresh six month low against the dollar early on Thursday before recouping some of its losses but could resume a slide towards R8.6 as Europe's debt woes drive investors away from emerging market assets to perceived safer havens.
The local unit fell to R8.58 to the greenback, its weakest since late November, before clawing back some…

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Long-delayed Namibia’s Kudu gas project to miss 2016 deadline

Namibia’s power utility, NamPower said that the long-awaited Kudu Gas project, which was set to come on-stream in 2016, will miss the dead-line again.
Company managing director Paulinus Shilamba told a mining conference that the project was “commercially” challenging to package.
He said that there were several outstanding unresolved issues…

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