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  • BOCRA says 4G network covers 45% of population

    September 11, 2017 4:00 AM 2

    Presenting before the Parliamentarians recently, the Authority’s acting chief executive officer Tshoganetso Kepaletswe said the third generation (3G) systems cover 57% of the population with more than 640 radio base stations. “Mobile broadband services is mainly accessed through portable modems known as dongles, smart phones, USB wireless modem, tablets

  • Gufic to tap generics, life-saving products market overseas

    September 10, 2017 10:29 AM 7

    Gufic Biosciences, a leading player in pharmaceutical and herbal products market, is now looking at tapping generics and high-end life-saving products segment in Africa, Asia and other regions. "The company is augmenting its global focus by deepening its presence in the priority markets of India, Germany, Switzerland, South Africa, Russia, Europe and key countries

  • SA banks rein in lending as economy stutters

    September 8, 2017 10:28 AM 4

    Johannesburg - South Africa’s four biggest banks, pummelled by political wrangling and enmeshed in the country’s economic malaise, are increasingly shying away from their main role: lending. “Credit extension is going to be low for the next two to three years, unless we see some real recovery in economic growth,” FirstRand [JSE:FSR] CEO Johan Burger

  • ‘Mangudya should resign over failed bond notes’

    September 8, 2017 3:03 AM 2

    OPPOSITION parties and civic society groups have called on Reserve Bank of Zimbabwe (RBZ) governor John Mangudya to honour his promise and step down over bond notes’ failure to abate the country’s liquidity crunch. Mangudya, when he introduced the bond notes last November, promised to resign from his post as governor of the central bank if the surrogate

  • Import Ban Has Backfired Admits Mangudya

    September 7, 2017 2:31 PM 1

    A ban in the importation of at least 100 basic consumer goods imposed by government last year fuelled foreign currency shortages after recovery of local companies increased demand for forex, Reserve Bank of Zimbabwe governor, John Mangudya, has said. Mangudya said on Tuesday while the ban ― implemented through Statutory Instrument 64 of 2016 (SI 64) ― had helped

  • Southern Africa beats target for new power generating capacity

    September 7, 2017 1:52 PM 1

    JOHANNESBURG (Reuters) - Southern African countries have exceeded their 2016 power generation targets by 11 percent, South African Energy Minister Mmamoloko Kubayi said on Thursday. The South African Power Pool (SAPP), a regional industry collaboration linking up national grids which was created in 1995, commissioned 4,180 megawatts of new generating

  • September 7th, 2017Southern African Power Pool member states exceed generation capacity

    September 7, 2017 1:52 PM 5

    The Southern African Power Pool (SAPP) member states exceeded their generation capacity targets for 2016 by 11%. The SAPP member states commissioned 4 180MW of new generating capacity from new projects and rehabilitation of old power plants compared to a targeted 3 757MW last year. These included projects in Angola 780 MW; Malawi 10 MW; Mozambique 175 MW; Namibia

  • South Africans will pay less for data next year – Minister

    September 7, 2017 1:23 PM 7

    Telecommunications and Postal Services Minister Siyabonga Cwele says very soon South Africans will pay less for data and that changes may be implemented as early as August next year. Reducing the cost of data and roaming charges has been under the spotlight over the past three days as Ministers of Communication and ICT from the Southern African Development

  • Byo businessman in soup for externalising $1,2m

    September 7, 2017 3:18 AM 1

    A 45-YEAR-OLD Bulawayo businessman yesterday appeared at the Harare Magistrates’ Court charged with contravening the Exchange Control Act after he allegedly externalised $1 197 580 to Botswana. Farid Shahadat, of Khumalo, pleaded not guilty to the charge when he appeared before magistrate Josephine Sande, who remanded him to September 21 on $1 500 bail. As part of his bail conditions

  • ‘Fugitive’ businessman nabbed for externalisation

    September 6, 2017 10:06 PM 2

    Police recently launched a manhunt for three businesspeople on allegations of externalising a total of $7,3 million this year, on different occasions, leading to the arrest of Shahadat. The other two accused persons are still at large and police is still looking for them. Shahadat who allegedly externalised $1 197 580, yesterday appeared before magistrate