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SA rand plunges

The rand slumped more than 3 percent yesterday over renewed uncertainty over South Africa’s land reform plan and a Moody’s warning on the country’s fiscal deficit. “The rand is under massive pressure on renewed speculation regarding land reform and the implementations thereof. In an already risk-averse market, this only adds …

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Business rescue options available at brink of collapse

The primary objective of the Genesis Global Finance (GGF) Business Rescue Services, is to rehabilitate distressed businesses so that they are able to operate efficiently and meet all their obligations to stakeholders. GGF is registered as judicial managers and administrators and are in the market to provide business rescue services …

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Environmental Management Agency Laboratory

It is a national institute, built for support and advice on all aspects of environmental quality, research, treatment studies, training and environmental quality information. The laboratory started operating under EMA management in 2007, was first accredited in 2012 and has continuously maintained its accreditation status. Policy statement Management at EMAL …

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Gold prices fall

Gold prices fell yesterday as US stock markets stabilised, easing fears of a deeper sell-off, and the dollar strengthened, making bullion more expensive for users of other currencies. Gold had surged on Monday as falling US share prices and fears of a global trade war pushed investors towards safer assets. …

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Rand gains

South Africa’s rand gained more than 2 percent yesterday, bouncing off a two-year low struck a day before, when investors dumped emerging market assets because of fears over the Turkish economy. At 0705 GMT, the rand traded at 14.0800 versus the dollar, around 2.3 percent stronger on the day and …

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Zim aquaculture export volumes down 12pc

Tawanda Musarurwa Senior Business Reporter Zimbabwe’s fish exports volumes declined 12 percent between February and April 2018 from the prior comparable period due to high business costs, official figures from the Livestock and Meat Advisory Council (LMAC) show. Commercial fish farming (aquaculture) in the country is still a small industry …

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‘FDI commitments to catalyse job creation’

Enacy Mapakame Business Reporter Numerous foreign direct investment (FDI) commitments made, coupled with a conducive business environment obtaining in the country, will act as catalysts for job creation, a brokerage firm IH Securities has revealed. The broking firm also indicated that with local industry becoming more operational as new companies …

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Pork supplies increase by 2,7%

THE number of slaughtered pigs has increased by 2,7% in the first-half of 2018 compared to the same period last year, an indication that the sector has started picking up following the drought experienced in the 2015/16 cropping season, an industry official has said. BY MTHANDAZO NYONI Pig Industry Board …

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No plans to set up African plant: BMW

BMW group says there are no plans yet for setting up a second manufacturing plant on the continent outside of South Africa. BY FIDELITY MHLANGA Head of BMW group’s Business and Finance Communications Renate Heim told journalists attending the International Journalism Programme in Germany recently that Africa accounted for around …

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Asking, answering fundamental questions through informal markets

Street markets or roadside food markets have remained a permanent feature in most developing countries. The fact that these markets continue to flourish alongside emerging shopping malls shows they occupy a unique position in commercial activities. Informal markets were previously designed for disadvantaged, low income households with ad hoc incomes …

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