Image supplied South Africa’s wholesale, retail and fuel sectors are forecasted to generate more than R88bn in additional economic value for the economy as a whole during November 2024 amid surging consumer interest in Black Friday sales. That’s according to research commissioned by Capital Connect. The study shows that retailers in South Africa will generate…
Chairperson of the committee, Donald Selamolela, raised concerns about the potential liquidity challenges faced by Prasa and Sanral if their funding models and legislative impediments are not resolved. He noted the importance of these entities in delivering essential infrastructure services to South Africans. “These jewels of infrastructure projects give meaning to service delivery for our…
Image source: alphaspirit – 123RF.com The research outlined some striking developments in executive remuneration at listed companies across six key jurisdictions – Kenya, Mauritius, Nigeria, South Africa, Tanzania and Zambia. Among the notable developments are the increasing adoption of executive share plans (ESPs) and employee stock ownership plans (ESOPs), along with the use of innovative…
Source: Reuters. The Brics summit, attended by more than 20 leaders including Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and Turkey’s Tayyip Erdogan, has shown the depth of Russia’s relations beyond the Western world. Much discussion at the summit in the Russian city of Kazan was dedicated to the war in Ukraine and…
Now in its second edition, the charity bazaar is an international event that brings together the diplomatic community, Zimbabweans and visitors alike to celebrate culture, diversity and goodwill. MORE than 15 embassies will be part of this year’s Diplomatic Charity Bazaar to be hosted by the Diplomatic Spouses Association in Zimbabwe (DSA) at the Old…
Source: Reuters. The summit also addressed key international challenges, condemning unilateral sanctions and pushing for reforms to the global financial system. In the Kazan Declaration, Brics leaders outlined significant initiatives, including the establishment of a grain-trading platform, a cross-border payment system, and efforts toward pandemic preparedness. Below are the key points from the Kazan Declaration,…
ECOCASH, Zimbabwe’s leading financial technology platform, has launched EcoPay ECOCASH, Zimbabwe’s leading financial technology platform, has launched EcoPay, a pioneering online payment system designed to transform bulk payments for organisations. The innovative platform enables companies, NGOs, and government departments to make instant payments to over 100 000 beneficiaries all at once, eliminating cumbersome manual processes….
Tigran Gambaryan, an executive of Binance, the world’s largest cryptocurrency exchange, sits as he waits to face prosecution for tax evasion and money laundering at the federal high court in Abuja, Nigeria, 4 April 2024. Reuters/ Abraham Achirga/File Photo Nigeria’s Economic and Financial Crimes Commission (EFCC) withdrew the case against Gambaryan, a US citizen and…
Source: Microsoft Designer While there has been considerable progress, these figures underscore the substantial work needed to bridge the remaining connectivity gaps. That said, there is change ahead thanks to public and private sector investments and commitments. One of the most significant of these is the National Broadband Project established by the State IT Agency…
The State alleges that sometime in 2018, the duo allegedly defrauded desperate home seekers using stand numbers 7860 and 10236 being the remainder of Stoneridge Township. A SOLDIER based in Harare, Stephen Madondo, has been taken to court over an alleged land scam. Madondo (41), who is being jointly charged with Job Fundukwa (47) was…
