DETROIT — General Motors Co reported much higher-than-expected third-quarter earnings on strong North American truck and SUV sales, calming fears that a United States auto market slowdown would dent profitability.
INDUSTRY and investors have called on the central bank to announce the “actual date” when the anticipated bond notes would be released to stem uncertainty, which has seen run-away withdrawals and reduced deposits.
A FEW years ago, it appeared supermarkets were the only place where consumers would find fresh fruit and vegetables in African cities. The situation has changed dramatically.
Zimbabwe’s coffers have been boosted after the country got access to $91,2 million, which had been held for seven years pending the settlement of overdue obligations to the International Monetary Fund (IMF).
LONDON — For decades, Britain’s bankers have relied on their industry’s outsized status in the economy to find a receptive ear in government.
JOHANNESBURG — MTN Group Ltd has said Rob Shuter will start as chief executive officer in March, as the South African wireless carrier reported data traffic that more than doubled from a year earlier.
FOREIGN financial institutions are closing offshore accounts held by local banks, exacerbating the liquidity situation in the country, Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has said.
ZIMBABWE’S exports increased by 25% to $254 million in September buoyed by minerals and tobacco, trade figures from the national statistics agency showed yesterday.
THE Zimbabwe Clothing Manufacturers’ Association (ZCMA) has called on the government to give industries more access to duty-free raw materials for value addition in the country as a way of reviving the industry.
GOVERNMENT has secured a $1,2 million fund from the European Union (EU) for the cotton-to-clothing strategy, which seeks to lift the fortunes of the cotton value chain.