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Showing posts from January, 2019

Zimbabwe: U.S.$400 Million Deal in Limbo

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By Tinashe Kairiza Government is reconsidering the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project to be jointly undertaken by the South African rail, port and pipeline company, Transnet and the Diaspora Infrastructure Development Group (DIDG) as it insists stakeholders have not agreed on the shareholding structure, among a myriad of unresolved issues stalling the deal, the Zimbabwe Independent can reveal. In fact, NRZ general manager Lewis Mukwada said government was yet to decide on the suitability of DIDG and Transnet to carry out the multi-million dollar project, which has attracted the interest of major banks from South Africa. A protracted due diligence exercise to determine the suitability of the consortium to roll out the multi-million dollar project is supposed to be finalised next month, enabling government to make a determination on whether or not to approve the deal. But owing to a number of thorny issues, the deadline could be missed. A...
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Zimbabwe: Ncube - Mnangagwa Squandered Global Goodwill Over Mugabe Ouster

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By Pamenus Tuso President Emmerson Mnangagwa's government has squandered the international and local goodwill which followed the November 2017 ouster of predecessor Robert Mugabe. This was said by MDC vice president and former industry minister Prof Welshman Ncube in a recent interview with NewZimbabwe.com. Although global powers usually condemn and act against unconstitutional power grabs, the military-chaperoned ouster of Mugabe was generally winked at by the international community. According to Ncube however, Mnangagwa and his co-putschists have wasted opportunities which came with the end of Mugabe's 37-year reign. People had a lot of goodwill for Emmerson (Mnangagwa). Lots of countries in the world were saying let us give them a chance," he said. "Some people even here were saying let's give him a chance though some of us knew that they do not merit any chance because they are the same old junta that propped up Mugabe. "(But) they h...
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MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions

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  USINESS REPORT COMPANIES MultiChoice’s black economic empowerment scheme is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. Picture: Karen Sandison/African News Agency(ANA) MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions By Edward West   Feb 16, 2021 CAPE TOWN - PHUTUMA Nathi, the MultiChoice black economic empowerment scheme of more than 80 000 shareholders, is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. “This money belongs to our shareholders. We’re calling on them to contact us to get their money. In these tough economic times we want to do everything in our power to give them what is rightfully theirs,” Phuthuma Nathi chairperson Mandla Langa said in a statement yesterday. Phuthuma Nathi has been paying dividends every year since the start of the scheme in 2006. Am...
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Fighting Drug addiction

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 Here's the story: We sat down with a man who had a harrowing journey with addiction. He began by telling us about his early days in tertiary education, where he would occasionally smoke dagga with friends. However, his focus remained on his studies, and he worked hard to graduate and secure a qualification. After landing a job, he started building a life for himself. He got married, bought a property, and even splurged on a car. Life was good, and he felt like he was on top of the world. But one fateful night, while out with friends, he was introduced to heavier narcotics. At first, the experience was exhilarating. He described it as an elevation from the mild high of dagga to a level 5 high, where he felt invincible and euphoric. The effects would last for days, allowing him to party from Friday to Sunday without sleep. The problem, however, began to manifest on Mondays and Tuesdays every week, when the withdrawal symptoms would kick in, and he'd struggle to function at work....
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This New Ultralight Aircraft May Be World’s Fastest Single-Engine Business Jet

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  The speedy LAR-01's automotive interior adds comfort and luxury. Plus: The wings detach, so the jet can be stored in a home garage. By  MICHAEL VERDON           Courtesy Flaris The  Flaris  LAR-01 has a number of striking stats, including being a ton lighter (literally) than its competitors, along with an unusually short-field landing capability, and detachable wings. But its most impressive number is the 250-knot true air speed, which its designers say makes it the world’s fastest business jet among single-engine very light jets and turboprop aircraft. Flaris says recent tests “confirmed the assumptions made previously” about the effectiveness of multiple systems, including its Garmin G600 avionics and Flaris Flight Assistance System flight computer, as well as the landing gear and emergency parachute system. But it also claims more impressive stats like the 250-knot TSA at 10,000 feet. Its 6,000-feet-per-minute climb rate, adds the compan...
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