The auction of two prime Cape Town property development sites – the iconic Foreshore Tower and a 2.5ha piece of land at Century City – has been moved out to later this month to allow more international investors to participate.
After paying R468 million in finance costs over 19 years for a R160 million loan to buy a fifth of AVI’s fishing division, which helped secure I&J commercial fishing rights for 15 years, Mkhuseli Jack’s Main Street 198 was paid “a negligible” R23 419 for its stake on exercise a call option by AVI, which had been the seller and the funder.
‘We are currently running tests just to make sure that we get the facts and then if there are offences that have been committed against the Medicines Act, then we’ll impose our penalties,’ says Daphney Fafudi, manager of regulatory compliance at Saphra.
The Reserve Bank of Zimbabwe is rolling out a ‘Back to Basics’ plan that will initially focus on consolidating the introduction of the nation’s new national currency — the ZiG, John Mushayavanhu said.
Here’s a round-up of news, including the latest on flooding in KZN, the Higher Education Department’s firing of the NSFAS board, and the importance of funding mental health initiatives.
‘We think there are growing risks of losses … if you are focused on the highest yield at the lowest possible volatility’: Lyle Sankar – head of fixed income, PSG Asset Management.
The ban follows increased levels of deforestation and land degradation due to the illegal and massive cutting down of trees for charcoal production, Nzovu said.