Shares in JSE-listed retail and wholesale group Massmart rose 8.56% on Tuesday to close at R68 after the group announced in a Sens sales report that it had achieved R1.3 billion of its R1.9 billion cost savings target in the 39 weeks to 26 September. Read more.
Tags : elections
According to President Cyril Ramaphosa, his administration has made progress in combatting the scourge associated with corruption while strengthening the capacity of the state to deliver basic services to communities as well as businesses, hopefully leading to the creation of new jobs. Read more.
Mining firms in Zambia, particularly copper producers, are prepared to commence expansion projects next year that are valued at $2 billion after they manage to reach an agreement on royalties with a new administrative under newly elected president Hakainde Hichilema. Read more.
With Zambia going for presidential elections this month, independent economic and political research firm NKC economics has predicted that if incumbent Edgar Lungu wins, he will continue to create a hostile business environment through nationalist and authoritarian policies. Read more.