Phoenix Consolidated Industries Ltd has been removed from the Zimbabwe Stock Exchange after its members and creditors applied for delisting last month, as the company had been placed under judicial management in 2013. The ZSE chief executive officer confirmed they received approval from the Securities and Exchange Commission of Zimbabwe to delist Phoenix Consolidated Industries Ltd. Phoenix Consolidated Industries Ltd was formed after the unbundling of Apex Corporation of Zimbabwe Ltd and comprises five manufacturing companies.
The document discusses how displaced diamond mining companies in Zimbabwe still owe former employees salaries ranging from six to 14 months, despite the companies still being operational at the time and producing diamonds. The mining union representative reported many issues of unpaid salaries and discrepancies in pay between companies. The failure of the companies to pay salaries while operational could indicate financial issues or misappropriation of funds.
Zimbabwe's electricity distribution company, ZETDC, is awaiting delivery of 130,000 pre-paid meters by next month to migrate the remaining 120,000 customers still using the old billing system and to provide meters for new housing developments. ZETDC has already migrated 563,000 customers to pre-paid meters since starting the pre-paid metering project in 2012. The installation of meters for the remaining customers is expected to be completed by the last quarter of this year.
The document discusses Zimbabwe's efforts to digitize its border agencies like ZIMRA in line with establishing "Smart Corridors" within the SADC region. This is aimed at reducing time spent clearing customs and boosting regional and international trade. Ambassador Bimha notes that electronic document submission and pre-clearance at borders can significantly reduce trade costs and impact competitiveness. Equipment donated by ACBF is expected to help automate border management systems and simplify customs procedures. Experts believe this can lead to single-window applications and the development of Smart Corridors with most clearance done electronically.
The IMF resident representative in Zimbabwe expressed concerns to parliament about the Zimbabwe Asset Management Corporation (ZAMCO) taking on large amounts of debt from insolvent state-owned and private companies. This could potentially become a significant liability for the Zimbabwean state. The IMF representative said they have also raised concerns about rising treasury bill issuance to finance budget deficits and proposed reforms not being implemented. Their views appear to contradict an earlier positive assessment of ZAMCO by the IMF, indicating their position may be shifting ahead of further reviews of Zimbabwe's economic program.
- South Africa posted its biggest trade surplus in 4 years in December 2015, which helped strengthen the rand currency.
- The rand gained against the US dollar to trade below R16 per dollar for the first time since January 7th.
- South Africa's trade surplus in December widened to R8.2 billion from R0.7 billion in November, driven by a 13% drop in imports and 5% fall in exports.
- However, the improvement in trade figures may only be temporary as commodity prices fall and food imports rise due to drought conditions. The current account deficit is also expected to widen.
Govt losing millions on “suspiciously priced products,” claims BATZimpapers Group (1980)
The Zambian government has approved a new sliding scale for mine royalties on copper production that will range from 4-6% depending on copper prices. This aims to keep mines open and prevent further job losses as copper prices remain low. Royalties were previously fixed at 9% for open pit mines and 6% for underground. The new system is intended to balance government revenues with encouraging investment in the mining industry, which is struggling with low prices and high costs.
A digital copy of the BH24 (3 February 2016 edition). Zimbabwe's premier online business platform published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
The document discusses how displaced diamond mining companies in Zimbabwe still owe former employees salaries ranging from six to 14 months, despite the companies still being operational at the time and producing diamonds. The mining union representative reported many issues of unpaid salaries and discrepancies in pay between companies. The failure of the companies to pay salaries while operational could indicate financial issues or misappropriation of funds.
Zimbabwe's electricity distribution company, ZETDC, is awaiting delivery of 130,000 pre-paid meters by next month to migrate the remaining 120,000 customers still using the old billing system and to provide meters for new housing developments. ZETDC has already migrated 563,000 customers to pre-paid meters since starting the pre-paid metering project in 2012. The installation of meters for the remaining customers is expected to be completed by the last quarter of this year.
The document discusses Zimbabwe's efforts to digitize its border agencies like ZIMRA in line with establishing "Smart Corridors" within the SADC region. This is aimed at reducing time spent clearing customs and boosting regional and international trade. Ambassador Bimha notes that electronic document submission and pre-clearance at borders can significantly reduce trade costs and impact competitiveness. Equipment donated by ACBF is expected to help automate border management systems and simplify customs procedures. Experts believe this can lead to single-window applications and the development of Smart Corridors with most clearance done electronically.
The IMF resident representative in Zimbabwe expressed concerns to parliament about the Zimbabwe Asset Management Corporation (ZAMCO) taking on large amounts of debt from insolvent state-owned and private companies. This could potentially become a significant liability for the Zimbabwean state. The IMF representative said they have also raised concerns about rising treasury bill issuance to finance budget deficits and proposed reforms not being implemented. Their views appear to contradict an earlier positive assessment of ZAMCO by the IMF, indicating their position may be shifting ahead of further reviews of Zimbabwe's economic program.
- South Africa posted its biggest trade surplus in 4 years in December 2015, which helped strengthen the rand currency.
- The rand gained against the US dollar to trade below R16 per dollar for the first time since January 7th.
- South Africa's trade surplus in December widened to R8.2 billion from R0.7 billion in November, driven by a 13% drop in imports and 5% fall in exports.
- However, the improvement in trade figures may only be temporary as commodity prices fall and food imports rise due to drought conditions. The current account deficit is also expected to widen.
Govt losing millions on “suspiciously priced products,” claims BATZimpapers Group (1980)
The Zambian government has approved a new sliding scale for mine royalties on copper production that will range from 4-6% depending on copper prices. This aims to keep mines open and prevent further job losses as copper prices remain low. Royalties were previously fixed at 9% for open pit mines and 6% for underground. The new system is intended to balance government revenues with encouraging investment in the mining industry, which is struggling with low prices and high costs.
A digital copy of the BH24 (3 February 2016 edition). Zimbabwe's premier online business platform published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (09 September edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
You raise a valid point. For the manufacturing sector to thrive, the agricultural sector that feeds it must also be strong. Addressing challenges facing small-scale farmers, such as lack of access to funding due to collateral issues, is an important step. Providing permanent A1 permits will help farmers invest in their operations with more security, which could boost agricultural productivity and in turn support local manufacturing. Overall, a holistic approach that strengthens both sectors is needed for the economy to grow.
A digital copy of the Business News 24 (25 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
The summary of the document is:
1) The recovery of loans from the now defunct Allied Bank is facing challenges as many of the loans were transferred to third parties and a significant portion of facilities granted did not have security.
2) The delay in recovering loans will concern Allied Bank's creditors, including government departments.
3) The CEO of the Deposit Protection Corporation said disposal of assets and loan recovery has taken longer than expected due to external factors such as debts being transferred to third parties without security. Most facilities granted to debtors did not have security, impacting recovery rates.
A digital copy of the Business News 24 (10 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
The Zimbabwe Revenue Authority (ZIMRA) is targeting a 3.2% growth in revenue for 2016 despite economic challenges, with the target expected to be met through ZIMRA's automation program which will increase transparency in revenue collection. The automation program is being expedited to help meet the revenue target and contribute to economic growth. ZIMRA commissioner Gershem Pasi said that while the 2015 target was not fully met due to the economy underperforming expectations, performance was still considered not too bad.
BancABC Zimbabwe's predecessor companies, FMB Holdings Limited, African Banking Corporation Securities Limited and African Banking Corporation Asset Finance Limited, have been removed from Zimbabwe's company register after failing to submit annual returns for more than two years. These companies were non-operational subsidiaries of BancABC Zimbabwe that have now been officially deregistered. BancABC Zimbabwe was originally formed through a series of share swaps in 2000 between various companies including FMB Holdings Limited, and later rebranding FMB Limited as African Banking Corporation of Zimbabwe Limited in 2001.
Zimbabwe's corporate governance weaknesses have contributed to its poor ratings in international surveys, according to an official. Improving corporate governance could significantly boost Zimbabwe's rankings. The official noted that past governance failures have resulted in the current negative perceptions, and that while some methodology reservations exist, the ratings still factor into potential investors' considerations. The government is working to enhance corporate governance in the public sector through various initiatives.
A digital copy of the Business News 24 (04 May 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the BH24 (12 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the BH24, Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
The article discusses the Zimbabwe government's stance on genetically modified organisms (GMOs). It summarizes:
1) The agriculture minister recently reaffirmed that Zimbabwe will not allow GMO production or contamination of crops.
2) However, the government has not clarified how it will increase production of non-GMO crops to address Zimbabwe's food deficit and reliance on imports.
3) While the government protects local farmers from imports, most farmers lack the capacity and funding to produce enough to meet local demand and export excess due to high production costs. Increased capacity is needed for Zimbabwe to achieve food security.
The document invites investors to take advantage of investment opportunities in Ghana. It summarizes that Ghana has a growing economy and friendly business environment, and outlines sectors with opportunities such as energy, oil and gas, infrastructure, tourism, manufacturing, agriculture, and services. Investors are encouraged to invest through Afriscanlink, which assists Scandinavian companies investing in Africa.
1) The Federation of Automobile Dealers Associations (FADA) represents over 15,000 automobile dealers in India, accounting for 90% of automobile sales. It is appealing to the Prime Minister for support amid the challenges posed by COVID-19.
2) FADA predicts automobile sales could drop by as much as 35% due to COVID-19, putting many dealer jobs and livelihoods at risk. It requests working capital support, salary support for the lockdown period, and MSME status for auto retailers to receive relief.
3) FADA also suggests demand boosters like GST reduction, depreciation benefits, and a scrappage policy to stimulate demand and restore consumer confidence post-lock
A digital copy of the Business News 24 (24 March 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (11 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news
New base energy news 13 july 2020 issue no. 1355 by senior editor khaled ...Khaled Al Awadi
NewBase Energy News 13 July 2020 - Issue No. 1355 by Senior Editor Khaled Alawadi.docxNewBase Energy News 13 July 2020 - Issue No. 1355 by Senior Editor Khaled Alawadi.docx
A digital copy of the BH24 (08 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
Meikles Hospitality Limited invested $9 million to refurbish its flagship Harare hotel in Zimbabwe but is facing challenges filling rooms due to the weakening South African rand, which has weakened the key source market for visitors; occupancy rates are around 30-34% compared to expectations of over 50%. The commercial director said that while they took out a loan for renovations, the returns have not met expectations due to the rand's depreciation hurting the number of South African visitors.
Reporte Diario Bursátil del 14 de abril del 2016Grupo Coril
Mercado Local
Los principales índices de la bolsa limeña cerraban a la baja en medio de una toma de ganancias tras un rally de cuatro sesiones consecutivas al alza. El retroceso de los metales básicos y del oro Ante un avance del dólar contribuyó a una caída de 9% en promedio de los papeles mineros. Bajo este escenario, se negoció un monto de US$ 11.8 MM, por debajo del promedio, repartidos en 764 operaciones.
Mercados Globales
Asia
Las bolsas asiáticas alcanzaron máximos de 4 meses a la espera de anuncios de relajación de políticas monetarias de los bancos centrales asiáticos (tal como lo hizo el de Singapur), y con un retroceso de las monedas de la región frente al dólar. La bolsa china llegó a máximos en 3 meses, y la bolsa japonesa, en 2 semanas por un yen más débil.
Europa
Las bolsas europeas cerraron al alza tras una agitada sesión entre ganancias y pérdidas e inversionistas a la expectativa de la reunión de países petroleros en Doha este fin de semana. Además, el euro se estabilizó, luego de una caída frente al dólar en la jornada de ayer, en medio de un reporte de infación de marzo más débil de lo esperado.
Estados Unidos
Wall Street culminó la jornada con saldo mixto en medio de la
temporada de resultados y con el índice Dow Jones cerca de su nivel más alto desde julio del año pasado. Las acciones financieras avanzaron ligeramente luego de que Bank of America, Wells Fargo & Co, y BlackRock Inc. reportaran sus ganancias trimestrales del 1T2016. En el plano económico, las cifras de inflación al consumidor incumplieron levemente las expectativas, mientras que las peticiones semanales de subsidios por desempleo declinaron inesperadamente.
Divisas
El tipo de cambio avanzó ligeramente y sumó dos jornadas al alza, ante la demanda de dólares de empresas e inversores institucionales ante un avance global del dólar tras la publicación de un favorable dato de empleo de EE.UU. El dólar avanzó 0.12%, a S/ 3.275 con un monto
negociado de US$ 153 MM, un monto por debajo lo usual transado. De este modo, el dólar acumula un retroceso de 4.07% en el año 2016.
Commodities
El petróleo WTI cayó en una jornada volátil luego de que la Agencia Internacional de Energía indicara que un potencial acuerdo para congelar la producción este fin de semana en Doha tendría un impacto limitado aunque estimaba que el exceso de oferta se desvanecerá en la segunda mitad del 2016 gracias a la caída en la producción de petróleo de tipo esquisto en EE.UU. En tanto, un dólar fuerte impactaba a los metales básicos y al oro que retrocedía en torno a 2%.
A digital copy of the Business News 24 (09 September edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
You raise a valid point. For the manufacturing sector to thrive, the agricultural sector that feeds it must also be strong. Addressing challenges facing small-scale farmers, such as lack of access to funding due to collateral issues, is an important step. Providing permanent A1 permits will help farmers invest in their operations with more security, which could boost agricultural productivity and in turn support local manufacturing. Overall, a holistic approach that strengthens both sectors is needed for the economy to grow.
A digital copy of the Business News 24 (25 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
The summary of the document is:
1) The recovery of loans from the now defunct Allied Bank is facing challenges as many of the loans were transferred to third parties and a significant portion of facilities granted did not have security.
2) The delay in recovering loans will concern Allied Bank's creditors, including government departments.
3) The CEO of the Deposit Protection Corporation said disposal of assets and loan recovery has taken longer than expected due to external factors such as debts being transferred to third parties without security. Most facilities granted to debtors did not have security, impacting recovery rates.
A digital copy of the Business News 24 (10 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
The Zimbabwe Revenue Authority (ZIMRA) is targeting a 3.2% growth in revenue for 2016 despite economic challenges, with the target expected to be met through ZIMRA's automation program which will increase transparency in revenue collection. The automation program is being expedited to help meet the revenue target and contribute to economic growth. ZIMRA commissioner Gershem Pasi said that while the 2015 target was not fully met due to the economy underperforming expectations, performance was still considered not too bad.
BancABC Zimbabwe's predecessor companies, FMB Holdings Limited, African Banking Corporation Securities Limited and African Banking Corporation Asset Finance Limited, have been removed from Zimbabwe's company register after failing to submit annual returns for more than two years. These companies were non-operational subsidiaries of BancABC Zimbabwe that have now been officially deregistered. BancABC Zimbabwe was originally formed through a series of share swaps in 2000 between various companies including FMB Holdings Limited, and later rebranding FMB Limited as African Banking Corporation of Zimbabwe Limited in 2001.
Zimbabwe's corporate governance weaknesses have contributed to its poor ratings in international surveys, according to an official. Improving corporate governance could significantly boost Zimbabwe's rankings. The official noted that past governance failures have resulted in the current negative perceptions, and that while some methodology reservations exist, the ratings still factor into potential investors' considerations. The government is working to enhance corporate governance in the public sector through various initiatives.
A digital copy of the Business News 24 (04 May 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the BH24 (12 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the BH24, Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
The article discusses the Zimbabwe government's stance on genetically modified organisms (GMOs). It summarizes:
1) The agriculture minister recently reaffirmed that Zimbabwe will not allow GMO production or contamination of crops.
2) However, the government has not clarified how it will increase production of non-GMO crops to address Zimbabwe's food deficit and reliance on imports.
3) While the government protects local farmers from imports, most farmers lack the capacity and funding to produce enough to meet local demand and export excess due to high production costs. Increased capacity is needed for Zimbabwe to achieve food security.
The document invites investors to take advantage of investment opportunities in Ghana. It summarizes that Ghana has a growing economy and friendly business environment, and outlines sectors with opportunities such as energy, oil and gas, infrastructure, tourism, manufacturing, agriculture, and services. Investors are encouraged to invest through Afriscanlink, which assists Scandinavian companies investing in Africa.
1) The Federation of Automobile Dealers Associations (FADA) represents over 15,000 automobile dealers in India, accounting for 90% of automobile sales. It is appealing to the Prime Minister for support amid the challenges posed by COVID-19.
2) FADA predicts automobile sales could drop by as much as 35% due to COVID-19, putting many dealer jobs and livelihoods at risk. It requests working capital support, salary support for the lockdown period, and MSME status for auto retailers to receive relief.
3) FADA also suggests demand boosters like GST reduction, depreciation benefits, and a scrappage policy to stimulate demand and restore consumer confidence post-lock
A digital copy of the Business News 24 (24 March 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (11 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news
New base energy news 13 july 2020 issue no. 1355 by senior editor khaled ...Khaled Al Awadi
NewBase Energy News 13 July 2020 - Issue No. 1355 by Senior Editor Khaled Alawadi.docxNewBase Energy News 13 July 2020 - Issue No. 1355 by Senior Editor Khaled Alawadi.docx
A digital copy of the BH24 (08 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
Meikles Hospitality Limited invested $9 million to refurbish its flagship Harare hotel in Zimbabwe but is facing challenges filling rooms due to the weakening South African rand, which has weakened the key source market for visitors; occupancy rates are around 30-34% compared to expectations of over 50%. The commercial director said that while they took out a loan for renovations, the returns have not met expectations due to the rand's depreciation hurting the number of South African visitors.
Reporte Diario Bursátil del 14 de abril del 2016Grupo Coril
Mercado Local
Los principales índices de la bolsa limeña cerraban a la baja en medio de una toma de ganancias tras un rally de cuatro sesiones consecutivas al alza. El retroceso de los metales básicos y del oro Ante un avance del dólar contribuyó a una caída de 9% en promedio de los papeles mineros. Bajo este escenario, se negoció un monto de US$ 11.8 MM, por debajo del promedio, repartidos en 764 operaciones.
Mercados Globales
Asia
Las bolsas asiáticas alcanzaron máximos de 4 meses a la espera de anuncios de relajación de políticas monetarias de los bancos centrales asiáticos (tal como lo hizo el de Singapur), y con un retroceso de las monedas de la región frente al dólar. La bolsa china llegó a máximos en 3 meses, y la bolsa japonesa, en 2 semanas por un yen más débil.
Europa
Las bolsas europeas cerraron al alza tras una agitada sesión entre ganancias y pérdidas e inversionistas a la expectativa de la reunión de países petroleros en Doha este fin de semana. Además, el euro se estabilizó, luego de una caída frente al dólar en la jornada de ayer, en medio de un reporte de infación de marzo más débil de lo esperado.
Estados Unidos
Wall Street culminó la jornada con saldo mixto en medio de la
temporada de resultados y con el índice Dow Jones cerca de su nivel más alto desde julio del año pasado. Las acciones financieras avanzaron ligeramente luego de que Bank of America, Wells Fargo & Co, y BlackRock Inc. reportaran sus ganancias trimestrales del 1T2016. En el plano económico, las cifras de inflación al consumidor incumplieron levemente las expectativas, mientras que las peticiones semanales de subsidios por desempleo declinaron inesperadamente.
Divisas
El tipo de cambio avanzó ligeramente y sumó dos jornadas al alza, ante la demanda de dólares de empresas e inversores institucionales ante un avance global del dólar tras la publicación de un favorable dato de empleo de EE.UU. El dólar avanzó 0.12%, a S/ 3.275 con un monto
negociado de US$ 153 MM, un monto por debajo lo usual transado. De este modo, el dólar acumula un retroceso de 4.07% en el año 2016.
Commodities
El petróleo WTI cayó en una jornada volátil luego de que la Agencia Internacional de Energía indicara que un potencial acuerdo para congelar la producción este fin de semana en Doha tendría un impacto limitado aunque estimaba que el exceso de oferta se desvanecerá en la segunda mitad del 2016 gracias a la caída en la producción de petróleo de tipo esquisto en EE.UU. En tanto, un dólar fuerte impactaba a los metales básicos y al oro que retrocedía en torno a 2%.
Case Study: How to double your leads by understanding human behaviourRyosei Kurihara
Case study by https://leadformly.com/ on how applying 3 behavioural science frameworks to http://brokernotes.co/ a finance affiliate website led to a 200%+ increase in leads.
3 frameworks include:
Cognitive biases
Fogg behaviour model
Lift Model by WiderFunnel
References
http://bjfogg.com/fbm_files/page4_1.pdf
http://www.widerfunnel.com/lift-model/
http://conversionxl.com/how-to-use-behavioral-design-for-boosting-conversions-using-the-fogg-behavior-model/
http://www.bjfogg.com/
http://uk.businessinsider.com/cognitive-biases-that-affect-decisions-2015-8
Local car-makers failing to meet region’s rules of origin requirementsZimpapers Group (1980)
The document discusses challenges facing Zimbabwe's local vehicle manufacturing industry and exports to the COMESA region. It notes that the demise of the local motor vehicle component industry has hindered vehicle manufacturers' ability to meet COMESA's rules of origin requirements, which mandate 25-35% local content for preferential treatment. Zimbabwean vehicle makers are now failing to meet these quotas due to increased imports of components they previously produced locally. This makes their exports to the region uncompetitive without preferential treatment that other industries receive. The managing director of one local manufacturer said they can currently only claim labor, electricity and water as local components, and reviving the local value chain is needed to meet the 25% benchmark and facilitate easier exports to the region.
Govt expediting Zimbabwe National Productivity Institute establishment Zimpapers Group (1980)
The government is investigating the sale of Rio Tinto's shareholding in Murowa Diamond Mine and Sengwa Colliery in Zimbabwe from last year. A government official said they are verifying how the shares changed hands. Rio Tinto had announced selling its 78% stake in Murowa Mine and 50% stake in Sengwa coal fields to RioZim, but the government seeks more clarity on the transaction. The government is also investigating the disposal of shareholding in the mines because the matter is still under investigation.
flipped learning un nuevo entorno de aprendizaje que propicia el cambio de ro...Alfredo Prieto Martín
Este documento describe el método de aprendizaje invertido o "flipped learning" y sus beneficios. En resumen:
1) El flipped learning invierte el uso del tiempo en clase y fuera de clase, poniendo el énfasis en el aprendizaje activo en el aula.
2) Este método mejora la comunicación entre profesores y alumnos y fomenta el estudio previo.
3) Los resultados muestran que los alumnos aprenden más y obtienen mejores calificaciones con este método.
Conferencia "Perfiles, repositorios y redes sociales: uso, buenas prácticas y visibilidad institucional", impartida en las III Jornadas de Doctorado: Los procedimientos y las buenas prácticas en el Doctorado, organizadas por la Escuela de Doctorado de la Universidad de Las Palmas de Gran Canaria (13-15 de abril de 2016).
Αυτό που έγινε στο Flint, Michigan έχει επηρεάσει ριζικά τις ζωές των κατοίκων. Όλοι σπεύδουν να εγκαταστήσουν ένα φίλτρο νερού για να απομακρύνουν τον μόλυβδο από το πόσιμο νερό του δικτύου.
Τα Φίλτρα Νερού από το κατάστημα μας στην Θεσσαλονίκη καθαρίζουν το νερό σας και απομακρύνουν τις βλαβερές ουσίες όπως χλώριο, μόλυβδο και διάφορα μικρόβια.
Turning stories into websites - The PHP conference Australia editionDonna Benjamin
The world of agile project management is filled with "User stories". But what are they? and how do they relate to websites? This session will outline a range of different approaches to understanding the requirements of a project, and working with a team to bring those stories to life in a browser.
Digital identities: resources for uncertain futuresHelen Beetham
The document discusses digital identity and how it relates to students. It notes that digital identity involves a person's digital traces, personal data, and online presence. While eportfolios can support identity checks and reflection, identity work occurs across many digital platforms and systems. The conclusion emphasizes that learners need secure environments to explore emergent identities, and institutions should focus on developing students' long-term digital identity skills through playful identity work, a repertoire of skills rather than perfection, and progressively more open engagement online.
El documento presenta una serie de diapositivas de una presentación sobre estrategia de medios sociales. La presentación discute temas como investigación de audiencias, definición de objetivos, desarrollo de contenido, selección de canales y métricas. El orador comparte su experiencia trabajando con diferentes empresas y enfatiza la importancia de entender a las personas y crear conversaciones significativas en las redes sociales.
Plurilingüismo desde la integración competencialNeus Lorenzo
Here are a few key points about instinctive behaviors in animals:
- Instinctive behaviors are inborn and do not require learning. Animals are born with the ability to perform certain behaviors.
- Nest building in birds is commonly used as an example of an instinctive behavior. Birds do not need to be taught how to build nests - they know how from birth.
- Other examples of instinctive animal behaviors include migration patterns, mating rituals, parental care of offspring, etc. These behaviors are hardwired genetically rather than learned.
- Instincts help ensure animals can perform essential survival and reproductive tasks without having to learn them through experience. This gives them a adaptive advantage from the beginning.
So
El documento presenta el programa de una jornada sobre eTwinning celebrada el 22 de abril de 2016 en el IES Salvador Gadea en Aldaia, Valencia. La jornada incluyó charlas sobre nuevos retos de eTwinning, su apoyo a Erasmus+ y su uso como herramienta de desarrollo profesional docente, así como talleres prácticos sobre ideas de proyectos. La jornada fue organizada por el IES Salvador Gadea y contó con la colaboración de embajadores eTwinning y organismos de educación.
La sentenza sancisce che fin quando un accertamento del Fisco non è definitivo ma risulta ancora impugnato in giudizio dal contribuente l'INPS non può pretendere maggiori contributi derivanti da questi maggiori ricavi accertati (ma ancora teorici finchè non si conclude la causa tributaria).
Presentación de una actividad artesana, la cerámica enchinada, que sólo pervive en dos pueblos de la Raya: Nisa y Ceclavín. 5ºB. CEIP Dulce Chacón. Cáceres
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Zimbabwe is losing out on potential investment and development assistance from Kuwait worth $300 million due to failing to ratify a Bilateral Investment Promotion and Protection Agreement (BIPPA) between the two countries. A parliamentary committee questioned government officials on why the BIPPA had not been ratified, with one MP confirming with the Speaker of Parliament that ratification had not occurred. Kuwait has complained about the lack of ratification and is no longer willing to fund Zimbabwe through the Kuwait Fund for Arab Economic Development as a result.
A digital copy of the BH24 (22 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
The Deposit Protection Corporation (DPC) has called another creditors' meeting for Allied Bank on May 5. This follows a February meeting where $6 million in claims were provisionally accepted. At a June 2015 meeting, $9.7 million in claims were accepted while $356,196 were rejected. The purpose of the latest meeting is to allow creditors who missed the previous two meetings to submit proof of their claims. Allied Bank is currently under liquidation and the assets were $25.8 million while liabilities were $34.4 million when liquidation began in February 2015. The DPC chief executive acknowledged recovering loans and selling assets has proven difficult due to issues such as loans being transferred to third parties and many facilities lacking
A digital copy of the Business News 24 (25 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (31 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
Government has released $500,000 in funding to support the hosting of this year's Sanganai/Hlanganani World Tourism Expo in Bulawayo after the Zimbabwe Tourism Authority faced financial challenges and was contemplating postponing or cancelling the event. The acting ZTA chief executive said the funds will ensure the expo is a success. Over 160 local tourism companies and 28 international exhibitors from countries like Botswana, South Africa and India have registered to participate. International buyers from Europe, Asia, Africa, the Americas and the Middle East are also expected to attend the expo from June 16-18, 2016.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Zambia expects its maize production to increase this year, pushing stocks into a surplus and reversing earlier warnings of an import need due to drought. Higher crop yields are projected to boost production to 2.87 million metric tonnes from 2.62 million tonnes last year, despite less cultivated land area. This projected surplus of 635,000 tonnes exceeds domestic consumption needs for the 2016-17 marketing season. The agriculture minister provided the updated production outlook to legislators, in contrast to concerns raised as recently as March about a shrinking harvest due to erratic rains.
The article discusses the Zimbabwe Consolidated Diamond Company (ZCDC), which has been operating without a proper legal framework. The permanent secretary in the Ministry of Mines admitted that unlike other state entities, no act of parliament established the ZCDC. It was instead registered as a company under the Companies Act. There are also concerns about the improperly constituted board of the ZCDC and some controversial decisions that have been made. The parliamentary committee questioned the legitimacy of the board's actions in firing employees and replacing them.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
A digital copy of the Business News 24 (18 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
The Confederation of Zimbabwe Industries (CZI) president said that Zimbabwe's economy needs re-engineering as many local companies' operating models are still based on an obsolete import substitution approach; he noted that the country had historically used this model but it is no longer suitable given changes in the global economy over the past 34 years. The CZI president suggested that improving infrastructure, access to affordable funding, and addressing financial distress issues could help local manufacturing firms become more competitive and realize where they can be competitive.
Nigeria's central bank announced it will abandon its 16-month peg of the naira to the U.S. dollar and move to a "purely market-driven" system of foreign exchange trading starting next week. Economists estimate the naira's fair value under a float is between 280 to 300 naira per dollar, compared to the current black market rate of around 370, and the change aims to ease severe dollar shortages caused by low oil prices. The central bank will still be able to inject dollars and influence the exchange rate within reserves, but no longer has an explicit target rate for the
Nigeria's central bank announced it will abandon its 16-month peg of the naira to the U.S. dollar and move to a "purely market-driven" system of foreign exchange trading starting next week. Economists estimate the naira's fair value under a float would be between 280 to 300 naira per dollar, compared to the current black market rate of around 370, and the change aims to ease severe dollar shortages caused by lower oil revenues. The central bank will still be able to inject dollars and influence the exchange rate within its foreign reserves, but will no longer target a specific
Independent US oil explorers are expected to report almost $14 billion in losses for 2015 due to plunging oil prices, with Hess Corp. predicted to lose $1.6 billion in its worst annual performance in at least 28 years; Oil companies have been squeezed severely by the over 70% drop in crude prices since mid-2014, wiping out more than $300 billion in market value and forcing thousands of layoffs, debt restructurings and abandoned projects to conserve cash; Hess cut its 2016 drilling budget by 40% and may have few assets left to sell if it needs to raise cash due to the difficult market conditions facing oil expl
The Credit Reference Bureau of Zimbabwe is set to be fully operational by July 31st, with a Czech firm having made significant progress in setting up the necessary soft infrastructure at a cost of $1.8 million to the Reserve Bank of Zimbabwe. The CRB will enhance borrower verification and help banks assess credit risk and reduce non-performing loans. A number of consultative meetings have been held with banks to define the necessary data to be collected and reports generated by the new system.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Similar to Phoenix Consolidated Industries delisted (20)
Air Namibia is advertising new flight routes from Harare, Zimbabwe to Accra, Ghana and Lagos, Nigeria starting on June 29, 2018. Customers are encouraged to book flights soon to avoid disappointment as seats are selling out. Contact information is provided for booking individual flights or group fares by telephone, email, online, or through a travel agent.
In this edition, you will be enlightened on the cornerstone of international aviation which is the Bilateral Air Service Agreement, commonly referred to as BASA, Africa’s plan for a common airspace and taken on a tour of the Eastern Highlands and the new sky
Treasury directs ZINARA to disburse 70pc of funds for rehabilitationZimpapers Group (1980)
- The Zimbabwean equities market extended gains from the previous day, with the industrial index rising 1.32% to 95.28.
- Major stocks like Delta Beverages, Innscor, Econet, Colcom, CFI and Nampak saw share price increases, helping drive the overall market upward.
- Only Barclays and Old Mutual saw share price declines on the day.
- The mining index remained flat at 26.24 as several mining stocks stayed unchanged from their previous closing prices.
The World Bank says Zimbabwe can use the Rapid Results Approach (RRA) to help expedite solutions to its current cash shortage problems. The RRA is a method used to accelerate organizational change through 100-day goal-setting. The government has completed two phases of an RRA program focused on improving ease of doing business. The World Bank country manager says Zimbabwe can transition more quickly to e-commerce by applying the RRA methodology to address cash shortages and encourage electronic payments. The article provides details on Zimbabwe's cash shortage challenges and measures already taken by the central bank to address the problem and incentivize electronic payments and exports.
The National Railways of Zimbabwe (NRZ) requires $400 million in short-term funding for recapitalization. This funding will go toward acquiring new machinery and rehabilitating existing infrastructure to increase the railway's carrying capacity from the current 3.4 million tonnes to 7.6 million tonnes. The funding will also be used to procure 15 new locomotives and 1000 new wagons, as securing this funding would allow NRZ to improve services, increase revenues, and return to profitability.
SeedCo, a listed seed producer in Zimbabwe, reported a 3% increase in profit after tax for the fiscal year ending March 31, 2016 compared to the previous year, despite challenges from drought, low commodity prices, and reduced government programs. The company's turnover remained unchanged at $96 million year-over-year. SeedCo was able to increase efficiency and offer competitive pricing, which helped increase its gross margin by 7% during the period. The company plans to focus on growing its ultra-early maize seed varieties to meet increasing demand given changing weather patterns.
The Confederation of Zimbabwe Industries has urged the government to introduce Local Content Regulation for all sectors of the economy in order to boost local production. The regulation would give preference to local producers over imports for some goods and services. It would also require manufacturers to include a minimum percentage of local inputs in their production. A CZI economist said the regulation could increase competitiveness by promoting local products first and supporting local employment and procurement.
Isabel dos Santos, the billionaire daughter of Angola's President, has been appointed as the new CEO of state energy firm Sonangol and has pledged to overhaul the company to improve efficiency and margins amid low oil prices. She plans to split Sonangol into three units and increase transparency to international standards in order to generate more revenue for Angola, which relies heavily on oil exports. Dos Santos aims to offset the "huge" economic impact of depressed oil prices through the reforms at Sonangol.
The Zimbabwe Flight Crews Association said that the government is not adequately protecting Air Zimbabwe and is instead licensing competitors to service the same routes as Air Zimbabwe, hurting its ability to compete; they argue the national airline should have first right of refusal on routes. Captain Ottis Shonai stated that new airlines have been given licenses to fly the same routes as Air Zimbabwe, which does not happen elsewhere, and that Air Zimbabwe needs route protection from the government as other national airlines receive.
Fastjet Zimbabwe recorded $0.3 million in revenue since commencing operations in October 2015, with an operating loss of $4 million, as the new airline began flights between Harare, Victoria Falls, and Johannesburg. The performance in the first few months of operations was described as "encouraging" by Fastjet, with 91% of flights arriving on time. However, the Zimbabwe operation was not included in Fastjet's key performance indicators for 2015 as it only became operational in October.
- The Beitbridge Hotel in Zimbabwe, owned 40% by the National Social Security Authority (NSSA), has incurred over $2 million in losses since opening in 2014 and has now been closed by majority owner Rainbow Tourism Group.
- An audit before construction found the hotel would be loss-making, but NSSA insisted it proceed anyway. NSSA's investments are under scrutiny as costs for the Beitbridge Hotel ballooned from an initial $3 million budget to over $49 million.
- The closure puts focus again on NSSA's investment strategies that have put pensioners' funds at risk through apparent non-viable projects like the Beitbridge Hotel.
Standard Chartered Bank plans to launch mobile and online banking platforms in 8 African countries including Zimbabwe in the first half of 2016. The bank aims to grow long-term retail banking revenues in Africa 3-4 times faster than regional economic growth. This strategy contrasts with European rivals retreating from Africa due to falling commodity prices and weak currencies. StanChart is expanding its physical presence as well by adding branches in Nigeria, as it seeks to protect and grow its market share on the continent.
Tongaat Hulett's sugar production in Zimbabwe declined 7.4% to 412,000 tonnes for the year ending March 31, 2016. Sales also declined, falling to 403,000 tonnes compared to 491,000 tonnes the previous year. The company reported its Zimbabwe division's financial performance was negatively impacted by lower sugar production and export underperformance. Looking ahead, Tongaat Hulett forecast sugar production could rise up to 12% to 1.15 million tonnes in the new financial year depending on rainfall.
Industry, Finance ministries working on Zimbabwe tariff order for EPA Zimpapers Group (1980)
The Zimbabwean government is working to establish the necessary legal framework to fully implement an Economic Partnership Agreement (EPA) signed with the European Union in 2009, which establishes a free trade area between the EU and Zimbabwe. The EPA grants duty-free access for trade between the EU and Zimbabwe, and Zimbabwe is expected to progressively liberalize 80% of imports from the EU by 2022. Government officials are working with the Ministry of Finance to gazette a Zimbabwe tariff order to pave the way for implementing the trade agreement.
Proplastics, a plastics manufacturer in Zimbabwe, expects to benefit from improved operational efficiencies after commissioning a new plant in the second half of 2016. The new plant is part of the company's broader modernization program, which has already seen a new injection moulding factory and HDPE line commissioned. The CEO said the new plant will improve margins and reduce costs for consumers. For the first four months of 2016, Proplastics' volumes were up 9% and exports contributed 14% to turnover, though overall turnover was flat compared to the prior year due to weaker regional currencies.
The Zimbabwe Mining Development Corporation has commenced efforts to revive the Golden Kopje Mine by seeking a firm to conduct a feasibility study. The study will develop a business plan and work schedule for reopening the mine. Golden Kopje Mine, located in Chinhoyi, stopped operations in 2006 due to financial constraints but reopened in 2009 before shutting down again in 2014 due to operational challenges. Reopening the mine could boost Zimbabwe's gold production, which increased 34% last year.
MFIs loaned $187m in 2015, but fell into consumptive lending trap Zimpapers Group (1980)
- Microfinance institutions (MFIs) in Zimbabwe have largely failed to improve small businesses as a large portion of their loans have gone towards consumption rather than productive sectors.
- Statistics from the Reserve Bank of Zimbabwe show that between 2013-2015, MFI loans were dominated by consumptive lending rather than productive sector funding as was expected.
- In 2015, MFIs loaned a total of $187.1 million but only $85.6 million (45.7%) went to productive sectors while the remaining $101.5 million (54.2%) were consumptive loans.
State-owned mobile operator NetOne expects to pay a dividend to the Zimbabwean government by the end of 2016. This is despite posting a $3 million loss in 2015. The company's acting CEO said ongoing restructuring efforts will improve financial performance going forward. He noted that NetOne has similar network infrastructure to larger competitor Econet but generates much less revenue, indicating room for growth. The CEO said NetOne should capture more market share by better utilizing government customers and expanding its sales and distribution networks.
NMBZ Holdings is close to securing a $20 million loan facility from two European development finance institutions. The loan will target small and medium enterprises in Zimbabwe. NMBZ already has a $20 million facility that it is currently utilizing. The CEO of NMBZ said they will focus on accessing credit lines to support productive sectors of the economy and ease cash shortages. He expects to access the $20 million European facility within the next two months to support SMEs.
Dairibord Holdings plans to increase production capacity for its Maheu and cartonised Chimombe products by the second half of 2022. The company's CEO said they will focus on growing volumes of key products and reducing costs. He noted they will double capacity for Maheu and begin internal production of cartonised milk in Zimbabwe rather than having it toll manufactured in South Africa. This is aimed at increasing volumes to meet market demand.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
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Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
This presentation provides a thorough examination of Over-the-Top (OTT) platforms, focusing on their development and substantial influence on the entertainment industry, with a particular emphasis on the Indian market.We begin with an introduction to OTT platforms, defining them as streaming services that deliver content directly over the internet, bypassing traditional broadcast channels. These platforms offer a variety of content, including movies, TV shows, and original productions, allowing users to access content on-demand across multiple devices.The historical context covers the early days of streaming, starting with Netflix's inception in 1997 as a DVD rental service and its transition to streaming in 2007. The presentation also highlights India's television journey, from the launch of Doordarshan in 1959 to the introduction of Direct-to-Home (DTH) satellite television in 2000, which expanded viewing choices and set the stage for the rise of OTT platforms like Big Flix, Ditto TV, Sony LIV, Hotstar, and Netflix. The business models of OTT platforms are explored in detail. Subscription Video on Demand (SVOD) models, exemplified by Netflix and Amazon Prime Video, offer unlimited content access for a monthly fee. Transactional Video on Demand (TVOD) models, like iTunes and Sky Box Office, allow users to pay for individual pieces of content. Advertising-Based Video on Demand (AVOD) models, such as YouTube and Facebook Watch, provide free content supported by advertisements. Hybrid models combine elements of SVOD and AVOD, offering flexibility to cater to diverse audience preferences.
Content acquisition strategies are also discussed, highlighting the dual approach of purchasing broadcasting rights for existing films and TV shows and investing in original content production. This section underscores the importance of a robust content library in attracting and retaining subscribers.The presentation addresses the challenges faced by OTT platforms, including the unpredictability of content acquisition and audience preferences. It emphasizes the difficulty of balancing content investment with returns in a competitive market, the high costs associated with marketing, and the need for continuous innovation and adaptation to stay relevant.
The impact of OTT platforms on the Bollywood film industry is significant. The competition for viewers has led to a decrease in cinema ticket sales, affecting the revenue of Bollywood films that traditionally rely on theatrical releases. Additionally, OTT platforms now pay less for film rights due to the uncertain success of films in cinemas.
Looking ahead, the future of OTT in India appears promising. The market is expected to grow by 20% annually, reaching a value of ₹1200 billion by the end of the decade. The increasing availability of affordable smartphones and internet access will drive this growth, making OTT platforms a primary source of entertainment for many viewers.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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1. By Tawanda Musarurwa
HARARE – Phoenix Con-
solidated Industries Ltd
has been removed from the
Zimbabwe Stock Exchange
official list with effect from
today.
This was after members and
creditors of the firm which
was placed under provisional
judicial management in 2013
applied for a delisting last
month.
Phoenix was granted an
order by the High Court to
be placed under provisional
judicial management on
October 2, 2013.
And pursuant to meeting
the requirements of Section
News Update as @ 1530 hours, Friday 15 April 2016
Feedback: bh24admin@zimpapers.co.zwEmail: bh24feedback@zimpapers.co.zw
Phoenix Consolidated Industries Ltd delisted
2. 64 (a) (ii) of the Securities
and Exchange Act (Chapter
24.25), suspension of trading
in the Company’s shares was
effected on 3 October 2013.
ZSE chief executive officer
Mr Alban Chirume said in
view of the application by
the members and creditors,
the bourse had applied and
received approval from the
Securities and Exchange
Commission of Zimbabwe
(SECZ) for termination of
listing of Phoenix Consoli-
dated Industries
"Members and Creditors
approved the delisting of the
Phoenix in a Members’ and
Creditors’ meeting in 2014.
A formal application for del-
isting was submitted on 15
March 2016 for delisting, cit-
ing a resolution by Members
and Creditors in 2014.
"The ZSE applied and
received the approval from
the Securities and Exchange
Commission of Zimbabwe
for the termination of listing
of Phoenix Consolidated
Industries Limited pursu-
ant to Section 64 (a) (i) of
the Securities and Exchange
Act [Cap24.25]," said Mr
Chirume in a statement.
"In terms of Section 1.18 (d)
of the ZSE Listings Require-
ments, holders of Phoenix
securities are hereby advised
that in view of the termina-
tion, the securities are no
longer tradeable on the ZSE
with effect from 15 April
2016."
Phoenix was formed after the
unbundling of Apex Corpo-
ration of Zimbabwe Ltd. It
manufactures plastics and
allied products as well as
steel and allied products in
Bulawayo and Harare.
The group comprises five
companies, namely Phoenix
Brushware, Scandia Wire,
John W Searcy, William Smith
and Gourock & Pacprint. ●
2 news
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Mr Alban Chirume
5. BY Munesu Nyakudya
HARARE - Zimbabwe Interna-
tional Trade Fair (ZITF) Company
is expecting more than 32 foreign
exhibitors, which is 45 percent
increase from last year.
Industry and Commerce Minister
Mike Bimha yesterday said 21
countries have so far made their
bookings for the ZITF 57th Edition
to be held in Bulawayo from April
26.
He said that countries which will
have national stands are Bot-
swana, Ethiopia, Ghana, Indone-
sia, Iran, Japan, Kenya, Namibia,
Malawi, Mozambique, Russia,
South Africa, Tanzania and Zam-
bia; while Canada, the People’s
Republic of China, Cyprus, India
and Germany will be represented
by individual companies.
“Currently 91 percent of the net
space available for sale has been
booked and invoiced compared
to 85,24 percent same time last
year”.
The minister revealed that net
space available for sale is 45
490 square meters and 44 000
square meters has already been
sold. There are also 378 direct
exhibitors that have confirmed so
far compared to 236 at the same
time last year.
Togolese President Mr Faure
Essozimma Gnassingbe will be
the guest of honour. He said
that industrialisation is not just
a problem in Zimbabwe but it is
affecting the whole of the African
continent and the SADC region in
particular.
“As a Ministry, we applaud ZITF
Company for rallying behind
Government’s efforts to revive the
economy and playing a pivotal
role in the implementation of
the county’s economic blueprint
ZimAsset.
“ZITF is an integral platform
for showcasing value addition
and beneficiation initiatives as
espoused in the value edition and
beneficiation cluster,” he said.
Analysis of the local exhibi-
tor composition shows that 63
percent confirmed exhibitors are
from Harare, 28 percent from Bul-
awayo. 25 percent of exhibitors
are manufactures, 13 percent are
in distribution while 41 percent
are in service provisions organi-
sations.
“The exhibitors profile is var-
ied with a range of product and
services including agricultural
implements and equipment,
automotive products building and
construction, civic representation
a reality that is the manufactures,
original equipment manufacturers
and financers,” he said.●
ZITF expects 45pc increase in foreign exhibitors
5 news
7. By Funny Hudzerema
HARARE - A local lobby organisa-
tion, Buy Zimbabwe has intro-
duced a ‘Buy Zimbabwe Employ-
ability Program’ aimed at creating
job opportunities for unemployed
graduates.
The program is expected to ini-
tially recruit over 200 young peo-
ple from Harare, Midlands, Bula-
wayo and Manicaland. The Buy
Zimbabwe Employability Program
is a partnership between Buy
Zimbabwe and the International
Youth Foundation, the programme
will also work with different com-
panies who will employ youth and
empower them with skills.
The programme is targeting grad-
uates who are between 20 and
35 years, and aims to empower
40 percent men and 60 percent
women. Additionally, the platform
will provide for experiential job
related learning through facilitat-
ing internships and where appli-
cable provide relevant life skills,
such as leadership, teamwork,
creative thinking, entrepreneur-
ship and communications skills.
Officially launching the pro-
gramme Mimosa Mining Company
executive chairman Mr Winston
Chitando said the programme is
going to go a long way in reducing
the level of unemployment the
country is facing at the moment.
“It is against this background that
Buy Zimbabwe and the Inter-
national Youth Foundation have
partnered in this appropriately
ambitious programme which calls
on all of us to look at the bigger
picture of the employability status
of young graduates and ability
as industry to absorb them into
gainful employment.
“This initiative rightly demands
us to think holistically on how to
adapt formal workplace develop-
ment efforts to changing realities
and evolving challenges by pre-
paring graduates and workers for
lifelong employability,” he said.
He added that companies should
partner with Buy Zimbabwe to
assist youth with skills which can
lead them to entrepreneurs.
“This in my opinion is the mindset
shift that as business leaders and
academia we need to adopt,” he
said. Presenting the programme
Buy Zimbabwe chief economist Mr
Kipson Gundani said the pro-
gramme will expose young people
to processes that happen within
companies in Zimbabwe and is
targeting 1000 young people in
the next four years so they have
an appreciation for entrepreneur-
ship.
“Registration has started both
companies and students must
come and register with the Buy
Zimbabwe to spearhead the
empowerment of youth through
training them,” he said. Buy Zim-
babwe will facilitate private sector
participation in the program as a
way of ensuring the sustainability
of the program.
Mr Gundani added that Buy Zim-
babwe will work with universities
and colleges to assist the gradu-
ates and speed up the programme
to increase employment.●
7 news
Buy Zimbabwe launches employment opportunities program
9. HARARE - The African
Capacity Building Foundation
(ACBF) says countries on the
continent should improve
their institutional and
human capacity to be able to
achieve goals set under the
African Union’s Agenda 2063
as well as the United Nations
Sustainable Development
Goals (SDGs).
In 2013, the AU adopted
Agenda 2063 which is basi-
cally an approach on the
way the continent should
learn from the lessons of the
past and take advantage of
opportunities available in the
short, medium and long term
to achieve a prosperous
Africa by 2063, a year that
will mark 100 years of the
formation of the Organisation
of African Unity, the precur-
sor of the AU.
On the other hand, the 70th
session of the United Nations
General Assembly held last
year adopted the SDGs, a set
of 17 Goals to end poverty,
fight inequality and injus-
tice, as well as tackle climate
change by 2030.
The SDGs build on the eight
anti-poverty targets that the
world committed to achiev-
ing by 2015, dubbed the Mil-
lennium Development Goals.
Adopted in 2000, the MDGs
were aimed at an array of
issues that included slash-
ing poverty, hunger, dis-
ease, gender inequality, and
increasing access to water
and sanitation.
ACBF director knowledge,
monitoring and evaluation
Thomas Munthali said it was
important to avoid mis-
takes that saw some African
countries failing to achieve
MDGs.
“In them (SDGs and Agenda
2063) what is very critical
is to give capacity so that
we can be able to deliver on
them,” he said.
The ACBF was established
in 1991 as an independent,
non-profit international
organization which builds
human and institutional
capacity for good govern-
ance and economic develop-
ment.
To date the ACBF has
empowered governments,
parliaments, civic society,
private sector as well as
higher education institu-
tions in more than forty five
countries and six regional
economic communities.
The Foundation supports
capacity development
through investments, tech-
nical support, knowledge
generation and sharing
across Africa.- New Ziana●
Capacity building vital for Africa to attain SDGs and Agenda
2063 - ACBF
9 news
10. HARARE -The mainstream
industrial index rose 0.43
(or 0.44 percent) from the
previous week.
In today's trades, the index
closed the week higher at
98.35 a 0.04 gain.
Giant insurer Old Mutual
added $0,0047 to trade at
$2,2347, while Hippo was
up $0,0044 to $0,2305 and
Fidelity Life put on $0,0010
to close at $0,1040.
On the downside, Natfoods
was the only counter to
trade in the negative after
a loss of $0,0035 to trade at
$2,0965.
The mining index was steady
at 20.16 as Bindura, Fal-
gold, Hwange and RioZim
maintained previous price
levels at $0,0102, $0,0050,
$0,0300 and $0,1100
respectively.
And on a week-on-week
basis, the mining index was
unchanged
- BH24 Reporter ●
ZSE10
Equities close week higher
12. 12 DIARY OF EVENTS
The black arrow indicate level of load shedding across the country.
POWER GENERATION STATS
Gen Station
15 April 2016
Energy
(Megawatts)
Hwange 552 MW
Kariba 285 MW
Harare 30 MW
Munyati 16 MW
Bulawayo 0 MW
Imports 0 - 400 MW
Total 1324 MW
• 26th April 2016 - The Fifty-Sixth Annual General Meeting of the shareholders of British American Tobacco Zimbabwe (Hold-
ings) Limited; Place: British American Tobacco Zimbabwe Offices, 1 Manchester Road, Southerton, Harare; Time: 10.00 hours...
• 05 May 2016 - Barclays Bank of Zimbabwe AGM; Place: Meikles Mirabelle Room; Time: 1500hrs
THE BH24 DIARY
13. JOHANNESBURG-THE rand
was slightly firmer against
the dollar at midday on
Friday as the greenback
retreated marginally due to
weaker-than-expected US
retail sales and inflation data
released on Thursday.
US March inflation rose by a
seasonally adjusted 0,1 per-
cent compared with a month
earlier, while core inflation
also increased by 0,1 per-
cent, marginally lower than
the expected increase of 0,2
percent in both.
As a result, the rand
strengthened sharply in
afternoon trade to reach a
high of 14,445 to the dollar
after a close of 14,529 to the
dollar on Wednesday.
However, the rand lost some
ground later on Thursday
and was trading at 14,556 to
the dollar on Friday morning,
Rand Swiss Research ana-
lysts said.
At 11.37am‚ the rand was
trading at 14,5124 to the
dollar from 14,5457 at
Thursday’s close. It was at
16,3451 against the euro
from 16,3817 previously‚ and
at 20,5646 against the pound
from 20,5853 previously.
The euro was unchanged
at $1,1263. Meanwhile,
the release of the China’s
first-quarter gross domestic
product (GDP) data had little
effect on global markets as
the growth number was in
line with expectations.
China’s economy grew 6,7
percent in the first quarter
from a year earlier, accord-
ing to the National Bureau of
Statistics. China’s economy
still slowed from the 6,8 per-
cent economic growth in the
fourth quarter of 2015.
Momentum SP Reid Securities
analysts said the rand con-
tinued to exhibit near-term
technical strength, following
gradual improvement from
the "exceptionally oversold
position" that emerged in the
last week of January. The
area at around 14,38 to the
dollar represented a realis-
tic short-term target for the
domestic unit, the analysts
said.
-BDLive●
regioNAL News13
Rand firmer after Chinese growth number is in line with expectations
14. SINGAPORE — Crude
futures were steady on
Friday in thin business as
traders were reluctant to
take on new positions ahead
of a planned meeting at
the weekend of major oil
exporters who want to rein in
ballooning global over-pro-
duction.
Oil producers lead by top
exporters Saudi Arabia and
Russia plan to meet in Qatar
on Sunday to discuss freez-
ing output around current
levels in an effort to contain
a global supply glut that
sees some 2-million barrels
of crude produced every day
in excess of demand. Traders
said they were reluctant to
take on new positions ahead
of the meeting, which takes
place outside market hours.
"Momentum is building
behind an agreement that
likely excludes Iran (and
potentially Libya). While
there will likely be little
effect on the physical market
an agreement would repre-
sent an important psycho-
logical shift in setting oil
prices," investment bank Jef-
feries said on Friday. Brent
crude futures were at $43,88
a barrel at 4.49am GMT, 4c
above their last close.
US West Texas Intermediate
(WTI) futures were up 5c at
$41,55.
Yet with discussions focusing
around freezing output at or
near current record levels,
most analysts said they have
little hope that a potential
Doha deal will reduce the
glut that has pulled down
crude prices by as much as
70 percent since 2014.
"The Doha meeting does not
materially change the oil
market balances," Barclays
bank said.
Instead of pushing prices
up by much, Barclays said
an agreement could prevent
prices from otherwise falling
further.
"If recent supply-side fun-
damental support holds and
the market’s expectations
for a credible statement and
commitment are met, the
meeting could help prevent
prices from falling back to
the low $30 range."
Energy consultancy Wood
Mackenzie said that "even
if an output freeze is
announced, we do not expect
a genuine one to occur dur-
ing the remainder of 2016."
Instead, Wood Mackenzie
said it expected "OPEC out-
put to rise 0,5 million barrels
per day (bpd) year-on-year
in 2016, with most of that
growth coming from Iran
and Iraq, both of whom have
indicated plans to grow out-
put in 2016."
On the demand side, China’s
implied oil consumption fell
2,4 percent in March from
the same month last year,
to 10,28 million bpd, due
to a surprise dip in refinery
throughput and a surge in
refined fuel exports, Reuters
calculation based on pre-
liminary government data
showed on Friday. -Reu-
ters●
internatioNAL News14
Crude prices steady in thin trading
15. By Kelly-Jo Bluen
IN THE Guardian’s video on
the Panama Papers, viewers
are transported on a quixotic
journey from austere Russian
concert halls to a whimsical
vacay in Panama. There is a
cellist. There is Putin. There is
intrigue. Everything conveys
the feeling of a made-for-Os-
car epic in which Johnny Depp
should definitely play a bespec-
tacled reporter in a creased
shirt on a quest to show the
world the truth.
While the number of docu-
ments leaked is impressive, the
theatrics are a tad schmaltzy
for a data drop that has failed
to reveal a single name of a US
politician or major corporate
elite.
Stefan Ploechinger, an editor
at Süddeutsche Zeitung, the
publication that first received
the data, tweeted "just wait
for what is coming next" in
response to questions about
this.
The problem of the omission
of US elites is not limited to
knowledge about individuals
concerned. In that illicit finan-
cial flows are not an aberration
of the global system but the
design of racialised neolib-
eralism, information on our
hegemon is critical if we are to
ask the right questions of the
structure of exploitation.
The deliberate design calls into
question the much-emphasized
distinction between illegality
and immorality made in relation
to the leak. The relationship
between legality and justice is
fragile. And it is blatant when
one considers the impact of
financial flows. The United
Nations high-level report on
illicit financial flows estimates
that $1-trillion in illicit financial
flows left Africa in the past 40
years, equivalent to the amount
provided in development
assistance. And the effects
are disastrous. Effectively, the
tax burden is transferred from
owners of capital to labour.
Fellow columnist Zama Ndlovu
notes that "wealth accumulates
to a few and is housed away
from where it is siphoned,
avoiding the … obligation to pay
tax. Those of us confined by
sovereign boundaries are forced
to pay more to make up for the
shortfall in state coffers." The
toxic dance between corrupt
international and domestic
elites contributes to govern-
ments’ incapacities to provide
public services and promotes
reliance on aid. Critically, it
entrenches the chasm between
rich and poor, consigning mil-
lions to poverty.
We have seen the first political
consequence of the leak in the
resignation of Icelandic Prime
Minister Sigmundur Gunnlaugs-
son, and there may be criminal
prosecutions for others listed
whose actions are deemed
illegal.
Criminal prosecutions for per-
petrators of illegal transactions
serve an important role, but
do little for those who suffer
under their abuse if devoid of
a reparative element. More-
over, they do little to over-
haul the atrocities that are
currently legal. Indeed, the
global financial architecture has
narrowed the notion of illegality
to exclude the entrenchment
of poverty. Moreover, while
individualising the issue has
substantial value, if used in
isolation, it deploys a liberal
solution to counter a problem
created by unfettered liberal-
ism. Global justice advocates
have long been calling for an
overhaul of financial structures
that entrench inequality and a
refocusing on radical redistribu-
tive justice.
Perhaps one of the greatest
contributions of the leak is that
in its sheer scale, it provides
an evidentiary basis for the
structural abuses of the global
economy. The volume of people
implicated potentially mitigates
against the sidelining of the
issue as a cumulation of devi-
ations, but rather as a feature
of the economy. My fear is that
the powerful rarely seek their
own accountability, but manipu-
late an ever-morphing economy
to serve their interests in a
system of legalised corruption
and corrupted legalism.●
15 analysis15 analysis
Panama gaps dilute truth about sick system