October 31, 2024
Kudzanai Gerede Companies and Markets Editor AXIA Corporation’s logistics business, Distribution Group Africa (DGA) is expected to put a strain on the group revenue for the current financial year ending June 30, 2025 (FY25) on account of widespread informalisation of the sector in Zimbabwe and foreign currency shortages…
THE spectacle in this part of the world of the great Victoria Falls bone dry for most of its length, is always disturbing. (more…)
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TGL, the technology-driven golf competition headlined by Tiger Woods and Rory McIlroy, will debut on 7 January. The virtual contest had been slated for a January 2024 launch but was delayed after a power outage caused the collapse of the air-supported dome roof at the SoFi Center in Florida. Fifteen-time major winner…
Minutes after Real Madrid fans were singing for Vinicius Jr to win the Ballon d’Or, the Brazil forward insisted he wanted to “stay at the club forever”. Vinicius Jr scored a sensational hat-trick against Borussia Dortmund in the Champions League on Tuesday to help his side come from 2-0 down to…
The race between two of the world’s richest men, Elon Musk and Mukesh Ambani, is intensifying as they prepare to face off in India’s satellite broadband market. After India’s government announced last week that satellite spectrum for broadband would be allocated administratively rather than through auction, this battle has only heated up.…
THE Comesa Federation of Women in Business (COMFWB) has urged female entrepreneurs to expand their market reach beyond local borders and explore export opportunities. COMFWB chairperson Edna Mukurazhizha encouraged women during the Regional Enterprise Competitiveness and Access to Markets Programme (Recamp) training, to consider regional and international markets.…
Zander Mundy was midway through a typical day at his office when he heard the news: tech billionaire Elon Musk was speaking at a nearby school in the town of Folsom, in the US state of Pennsylvania. “When is the richest guy in the world in town often?” Mr Mundy…
China’s economy, long seen as a key driver of global growth, has entered a period of significant slowdown. In the third quarter of 2024, the economy expanded by 4.6% year on year, marking the weakest growth in 18 months and falling short of the government’s 5% full-year target. The latest…
Gold hit a record high, as it receives sustained haven demand with investors monitoring the approaching US election and conflict in the Middle East. Bullion edged up to $2 750.34 on Wednesday, beating Tuesday’s peak by about $1, with geopolitical risks taking center stage as traders focused on a tight…
South African Airways (SAA) is currently debt-free and is not looking for additional funding from National Treasury. However, Parliament’s Standing Committee on Public Accounts (Scopa) heard on Tuesday the national carrier requires a capital injection to get back to its “former glory”. The capital is also needed to bring forward…