Daily Newsletter

SA beer duties unpredictable, consistently exceed inflation

A new report by Oxford Economics Africa – “Double the Pain: The burden of unpredictable excise taxes and high inflation on beer in South Africa” – has found that above-inflation…

Brics stalls decision on making Türkiye full member

Türkiye has been invited to become a partner of the Brics group of emerging-market powers, short of its expectation that it would be granted full membership. “They’ve offered partner-country status…

Relevant insurance products can improve client experience: IIZ

Nelson Gahadza Senior Business Reporter The Insurance Institute of Zimbabwe (IIZ) says increasing insurance awareness and the development of relevant insurance products can help demystify the industry and grow the…

Bitcoin briefly tops US$93 000 on Trump agenda, Fed policy outlook

Bitcoin spiked above US$93 000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance. The…

Nampak repeats warning over share disposal

Business Reporter Nampak Zimbabwe has reiterated its cautionary advice regarding the proposed sale of Nampak Southern Africa Holdings Limited’s (Nampak SAHL) 51,43 percent shareholding to TSL Limited. The proposed sale,…

Zimre quarterly revenue surges 8pc to US$43,5m

Francis Gakanje Zimbabwe Stock Exchange (ZSE) listed insurer, Zimre Holdings, says insurance contract revenue grew by 8 percent to US$43,5 million in the third quarter to September 30, 2024. Company…

Markets see 80pc chance of December Fed cut

Traders added to wagers that the Federal Reserve will cut interest rates by another quarter point next month after in-line inflation data, spurring gains for Treasury debt. The rally trimmed…

SA Ponzi schemes are miles ahead of authorities

Last week, the Financial Sector Conduct Authority (FSCA) issued a warning against Tiger Agriculture, a pyramid scheme pro On Sunday, the team leaders of the Tiger scheme started promoting Farm…

MultiChoice says Canal+ deal will help take on Netflix

MultiChoice chief executive officer Calvo Mawela is preparing to take on US streaming giants as the African TV company works to get its approximately US$3 billion deal with Vivendi SE’s…

Nigeria lifts oil output to 1,8m barrels per day

Nigeria’s state oil firm NNPC said yesterday it had increased oil production to 1,8 million barrels per day (bpd), with the possibility of getting to two million bpd by year-end.…

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