First National Bank (FNB) is strengthening its competitive position on the African continent with the official launch of FNB Mozambique in capital Maputo on Tuesday. This follows FirstRand Bank Holdings’s acquisition of 80% shareholding in Banco Desenvolvimento e Comércio (BDC) — a bank based in Maputo.
As Zimbabwe’s supermarkets rapidly continue to empty, Finance Minister Samuel Mumbengegwi has pleaded with shoppers not to hoard goods, reports said on Tuesday. Shoppers have cleared supermarkets of most basics following massive state-ordered price slashes earlier this month.
It would be no exaggeration to suggest that Orlando Pirates went through the turbulent process of navigating a succession of troubled and tempestuous waters for much of the past season. Now, having lost the services of five of their most cultured players, the Buccaneers give every impression of attempting to guide a rudderless ship as they prepare to take on Tottenham Hotspur.
The weather came to India’s rescue as they drew the first Test at Lord’s on Monday with England just a wicket away from going 1-0 up in the three-match series. Bad light, which forced an early tea, with India, at 282-9, still 98 runs shy of their imposing victory target of 380, initially gave the tourists a dramatic reprieve.
The JSE was hovering at tight levels at midday on Tuesday with the all-share a tad lower (-0,17%) and nervousness in the market adding to some profit-taking as the local bourse awaited data to be released this week in the hope of gaining some direction. At 12pm, the all-share index was 0,17% lower.
Six foreign medics convicted of infecting Libyan children with HIV arrived in Sofia on Tuesday after being freed by Libya under an accord with the European Union. Their release ends what Libya’s critics called a human rights scandal and lifts a barrier to attempts by the long-isolated North African state to complete a process of normalising ties with the outside world.
A decision to appoint a mediator to facilitate a resolution to the impasse between Vodacom and the Communication Workers Union (CWU) has been agreed to by both parties. The South African Transport and Allied Workers’ Union has threatened to call for a boycott of Vodacom unless it extended organisational rights to the CWU.
The Johannesburg High Court has granted the African National Congress (ANC) leave to defend itself against efforts to force the party to return Brett Kebble’s donations. Trustees of the slain mining magnate’s estate have been trying to force the party to return R3,5-million as well as R875 000 given to the party’s Youth League.
Egyptian police opened fire on two Sudanese migrants trying to sneak across the border into Israel, injuring one, security sources said on Tuesday. A security source told Reuters the men, accompanied by traffickers smuggling them across the border, were trying to cross the border south of the Rafah crossing on Monday when they were spotted by border guards.
Six foreign medics convicted of infecting hundreds of Libyan children with HIV have left Libya for Bulgaria aboard a French presidential jet, France said on Tuesday. Libya lifted death sentences against the medics last week and commuted them to terms of life imprisonment.