As Zimbabwe hurtles from one monetary crisis to the next, and the administration stubbornly clings to the Zimbabwe dollar in a rapidly dollarising economy, companies in the country are struggling to comply with financial reporting standards.
In an attempt to rein in currency volatility, central bank governor John Mangudya announced that the government would institute a “market-determined” exchange rate from June 7 — a move away from the government-controlled weekly currency auction, though still a step short of a free float. ..
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COMPANIES: Botswana and De Beers ink a last-minute, 10-year new deal on diamond salesBotswana and diamond miner De Beers announced on Saturday they had reached an ‘agreement in principle’ on a new 10-year sales agreement. This came hours after the previous sales agreement expired on Friday, 30 June, so there must have been some serious nail-biting in the boardroom.
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Mining companies eye the last unspoilt strip of the Western Cape’s west coastThe last, relatively pristine section of the Western Cape coastline between the Olifants River and the Northern Cape border is threatened by two new mining-related applications.
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Mining companies eye the last unspoilt strip of the Western Cape’s west coast | BusinessSRK Mining wants to prospect for diamonds and Nekwana Trading Enterprise wants to prospect for heavy minerals, kaolin and gemstones. | GroundUp_News
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Private companies team up to tackle pothole crisis in South AfricaDiscovery Insure and Avis have partnered with the Johannesburg Roads Agency to tackle potholes in the city that are estimated to cost R500 million in damages every month.
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Companies hesitate on quick fix to lower cow methane emissionsFeed additive can slash the greenhouse gas from cattle by 30%
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South Africa: Mining Companies Eye the Last Unspoilt Strip of the Western Cape's West CoastMining Companies Eye the Last Unspoilt Strip of the Western Cape's West Coast GroundUp_News: SouthAfrica
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