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Showing posts from September, 2021

My recent visit to Zimbabwe

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 The journey was well planned and it took us less than 10 hours to reach our destination from Pretoria South Africa to Mvuma central Zimbabwe.  A lot of construction is happening on the roads. Harare to Masvingo Highway is complete and the remaining part which was left between Beitbridge and Masvingo is being completed.  Surely by December it should be done. Though there is a lot of money being miss used, there are elements of success. Harare to Beitbridge road was a death trap, the road had so many potholes, had no shoulder no fencing to protect  animals from entering the road and some parts even worn out that left it narrow in a way that two trucks cannot pass without one having to go out of the road.  Those improvements form part of the new Government's transformation policy. There is job creation and slowly improving the standards which has been declining for more that 20 to 30 years. Surely Rome was not built over night. At the border you can see significan...
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Zambia’s Chinese debt nearly twice official estimate, study finds

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  Copper-rich Zambia became Africa’s first coronavirus-era sovereign default last November. By  Helen Reid, Reuters   28 Sep 2021   11:33  Waldo Swiegers/Bloomberg Zambia’s debt to Chinese public and private lenders is $6.6 billion, almost double the amount disclosed by the previous Zambian government, an analysis of loan data by the China Africa Research Initiative (CARI) has estimated. Copper-rich Zambia became Africa’s first coronavirus-era sovereign default last November and its ongoing debt restructuring has become a test case of Western multilateral efforts for countries to fully disclose their borrowings. Zambia’s previous government led by Edgar Lungu said its Chinese debt stood at $3.4 billion. But the estimate published by CARI on Tuesday chimes with recent comments from newly-elected President Hakainde Hichilema, who took office last month, that the debt load is likely higher. The country’s international creditors, which the government is in talk...
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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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Which countries have the world’s largest coal reserves?

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  Visual Capitalist Elements   | September 15, 2021 | 8:58 am   Intelligence   Australia   USA   Coal   The Countries With the Largest Coal Reserves Cheap and abundant coal remains one of the largest sources of energy worldwide, even as governments set out goals to reduce greenhouse gas emissions. While jurisdictions in Europe and North America have been phasing out coal use in power generation, it has been on the rise in Asia. China and India are scrambling to provide electricity to a growing population and relying on coal power plants to meet demands despite the environmental costs. SIGN UP FOR THE ENERGY DIGEST Sign Up This infographic takes a look into the  BP Statistical Review of World Energy 2021 , and the 11 countries that make up  89%  of the coal reserves globally. Coal Reserves, by Country While countries need to phase out coal by 2040 to achieve the Paris Agreement goal of limiting global warming to 1.5ºC, consumption in key ...
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MOTORS MARINE MAY 7, 2021 Boat of the Week: This 171-Foot Super-Luxe Sportfishing Yacht Is the Largest in the World

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  The epic vessel is a 30-knot "battlewagon" designed to chase marlin, swordfish and sailfish. It's also decidedly lavish. By  HOWARD WALKER           Courtesy Vripack To hook the world’s biggest fighting fish, in the words of Chief Brody in the classic 1975 movie  Jaws , “You’re going to need a bigger boat.” Privately owned  fishing  boats won’t come any bigger than this astonishing 171-foot super-luxury sportfisherman, set to claim the title of “World’s Largest Sportfish Superyacht.” Designed by Dutch naval architects  Vripack , and soon to start construction at the Royal Huisman yard in the Netherlands, Project 406 as it’s currently codenamed, will be a 30-knot “battlewagon,” designed to chase marlin, swordfish and sailfish to the ends of the earth. “Project 406 is a sportfishing machine on steroids,” Vripack co-creative director Bart M. Bouwhuis told  Robb Report . “It has the proportions of a typical American sportfishing ...
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