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By Web Master The government of Botswana is working on guidelines to restrict importation of cement in order to create more local jobs.   Trade minister Bogolo Kenewendo, said this when addressing the media yesterday in Gaborone.   Kenewendo said research has shown that...
Cash-strapped South African Airways (SAA) is set to make dramatic cuts in order to get its house back in order, news agency Reuters reports. Chief executive Vuyani Jarana, who has been in the job just six months, told the agency...
By Staff Reporter  The Mozambican government has suspended operations of a Chinese mining firm that had risked the lives of over 1, 000 inhabitants of a village close to the Indian ocean. About a month ago, global human rights watchdog, Amnesty...
By Staff Reporter   Textile industry workers in Lesotho have rejected a salary increment offer of seven per cent across a five-year period, but are instead demanding to be given a M200 (about US$16.04) wage hike immediately.   Workers from the mountain kingdom's...
Choppies Group has dismissed 30 more employees, who embarked on a protest two months ago. Choppies Chief Executive Officer, Ramachandran Ottapathu said the employees' contracts were not renewed following the recent strike workers had gone on, protesting their low salaries. Ottapathu...
By Staff Reporter Botswana Commercial and General Workers Union has threatened to take the South African retail giant, Choppies, to task if it goes ahead with plans to fire about 15 more employees who were part of a group, out...
In a major foreign policy shift, the United Kingdom (UK) is teaming up with Standard Chartered Bank to lend Zimbabwean companies US$100 million, the first direct commercial loan to the country’s private sector in more than 20 years. In an...
Air France-KLM chief Jean-Marc Janaillac has announced his resignation after French staff at the strike-hit airline rejected a new pay deal. "I accept the consequences of this vote and will tender my resignation to the boards of Air France and...
The European Union  on Thursday suspended imports of Brazilian meat products, mostly poultry, in a move that affected 20 plants in the South American nation that had been authorised to export to the EU, according to a European Commission statement. “I was...
Zimbabwe stuck on Monday to its plan to clear its debt arrears by September with the aim to tap international capital markets by the end of the year, though that timeline would be ‘very fast-tracked.’ Zimbabwean officials met with investors in New...
By Staff Reporter An irresponsible Chinese mining operation in Mozambique has put an entire coastal village of more than a thousand people at serious risk of being washed into the Indian Ocean, Amnesty International has revealed in a report released Wednesday. The...
Electric carmaker Tesla, facing pressure on a number of fronts, is asking shareholders for a show of support for chief executive Elon Musk. The firm has called a special meeting this month for investors to vote on a 10-year compensation...
HSBC, the UK’s largest bank, said on Thursday that it also had the largest gender pay gap among large banks. Women are paid a staggering 59 percent less than men, on average, according to the difference in hourly pay last...
South Sudan has run out of cash and the economy will not be fixed unless the ongoing civil war is brought to a halt. President Salva Kiir openly admitted as much on Wednesday and acknowledged that peace and stability had to return...
The Federal Government has approved an amendment to the excise duty rates for alcoholic beverages and tobacco products. The approval, according to the Minister of Finance, Kemi Adeosun, was given by President Muhammadu Buhari, and would take effect from June 4,...
France's leading car manufacturer PSA on Monday announced a joint venture agreement with Namibia Development Corporation to start up an assembly plant in the Southern African country to sell more cars in the region. "This investment in Namibia is part of the...
South African Human rights lawyer Richard Spoor is launching a class action lawsuit against Tiger Brands, Enterprise’s parent company, for the listeriosis outbreak. Speaking on radio 702, Spoor said though there was overwhelming evidence to prove that contamination happened at the...
Zimbabwe’s state-owned electricity distributor has given businesses, including mines and large-scale farms, six months to clear their bills or risk being cut off and face litigation, the company said on Monday. The Zimbabwe Electricity Transmission and Distribution Company (ZETDS) is owed...
The embattled Gupta family could lose their private jet if a Canadian state-owned  bank is granted authority by the High Court. Export Development Canada has applied in the South Gauteng High Court to ground the plane, and the matter comes...
The European Union is considering applying 25 per cent tariffs on around $3.5 billion of imports from the United States if President Donald Trump carries out his plan to apply global duties to steel and aluminum, EU sources say. The...
U S cable giant Comcast offered to buy Sky for $31 billion in an unsolicited approach, taking on Rupert Murdoch’s Fox and Bob Iger’s Walt Disney in the battle for Europe’s biggest pay-TV group. The world’s biggest entertainment company, which...
Standard Chartered Chief Executive Bill Winters saw his 2017 pay package bumped up 38 percent to 4.68 million pounds ($6.53 million) on Tuesday, as the bank reported a surge in full-year profit and resumed paying dividends. The bank also increased its...
South African Federation of Trade Unions (Saftu) leadership will meet next month and could recommend strikes to protest against the hike in the rate of value-added tax (VAT), general secretary Zwelinzima Vavi has said. “I will personally recommend that we...
By Staff Reporter Female employees earn up to 43.5 per cent less at Barclays than men, according to gender pay gap figures the bank has submitted to the United Kingdom government, the British Broadcasting Corporation reports. According to the BBC report,...
Britain would collapse if it tried to pay back the money it drained from India, eminent economist Utsa Patnaik said at a conference at Jawaharlal Nehru University, New Delhi on Wednesday. Delivering the inaugural lecture at the three-day Sam Moyo...
Finance Minister Malusi Gigaba announced increases in VAT and other taxes to generate an additional R36-billion this financial year. Delivering his 2018 budget speech in Parliament on Wednesday, Gigaba said it was a tough but hopeful speech. From April 1, the value-added tax (VAT) rate...
By Staff Reporter Kenya Revenue Authority (KRA) officials have intercepted gold worth 100 million Kenyan Shillings (about US$1 million) at the Jomo Kenyatta International Airport in the capital Nairobi. According to Kenya’s Standard Media, at least 32, 255.50 grams of gold bars...
Liberia’s President George Weah said he would seek to remove what he termed a racist clause in the country’s constitution that restricts citizenship to black people, and pledged to take a pay cut in a dire economy. Freed slaves from...
By Staff Reporter Members of South Africa’s National Union of Metalworkers at the Witwatersrand University in Johannesburg have today staged a strike demanding a 12 per cent wage increase and an end to outsourcing. NUMSA spokesperson Phakamile Hlubi – Majola stated...
By Staff Reporter Zimbabwe’s President Emerson Mnangagwa has directed all his ministers and other senior public officers to declare their assets as a way of enhancing transparency in public service. In a letter signed by Chief Secretary to the President and...
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