Business

Thu,31Jul2014

Business

Zimbabwe mobile operator, Econet launches debit card

Zimbabwe's leading mobile operator, Econet Wireless, has launched an international debit car in partnership with MasterCard amid promises to turn the country into a cashless society.

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South Africa's huge intellectual property potential

A potential growth of 11% GDP is possible if Intellectual Property enforcement is taken seriously in South Africa. Photo©ReutersProtecting copyright and intellectual property rights has the potential to contribute 11 percent to South Africa's gross domestic product, the Department of Trade and Industry (DTI), has said.

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South Sudan delays gold production by a year due to conflict

Photo@ReutersSalvaKiirSouth Sudan will delay the start of gold mining by a year from its planned date in 2016, a senior government official said on Thursday, due to fighting between rival political groups in the world's newest country.

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South Africa's Sappi hit by Russia, Ukraine crisis

Photo©ReutersSouth African pulp and paper maker Sappi's sales into Russia and Ukraine have been affected by the political crisis in the region, its chief executive said on Thursday, as the company posted a return to third-quarter profit.

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Oil explorer Afren suspends CEO, COO pending investigation

Chief Executive Osman Shahenshah (L) and Chief Operating Officer Shahid Ullah (R). Photo©AfrenLondon-listed oil explorer Afren Plc said its board had temporarily suspended Chief Executive Osman Shahenshah and Chief Operating Officer Shahid Ullah pending an investigation into payments.

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Kenya's Mombasa port traffic up 13 percent in H1C

photo@ReutersmombasaportContainer traffic through Kenya's biggest port grew by 12.8 percent in the first six months of the year after new cargo handling infrastructure was built to shorten the turnaround time for ships.

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Rio Tinto set to sell ill-fated Mozambique coal venture

Photo©ReutersRio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending its ill-fated venture in Mozambique's coal sector.

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