CUTS says measure will ease pressure on economy. There is need fro Government to speed up efforts of securing debt relief from lenders to provide the much needed fiscal pace, the Consumer Unity Trust Society (CUTS) has said.
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3 more banks reduce interest rates
MORE commercial banks have announced a 1.25 percent reduction in interest rates to help bring down the cost of borrowing in line with recent revision of the monetary policy rate by the Bank of Zambia (BoZ).
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ZCCM-IH to take charge of Mopani
ZAMBIA CONSOLIDATED Copper Mines-Investment Holding (ZCCM-IH) has started the process of increasing its shareholding in the US$4 billion Mopani Copper Mines (MCM) with a view to having a controlling stake in the giant mining firm. Read more
INTERNATIONAL BUSINESS NEWS
Gold Fields Expects Rewards From Buffett’s Turn to Gold Miners
Gold miners are widening their investment appeal as near-record bullion prices boost profits and dividends, according to the chief executive officer of Gold Fields Ltd, Gold Fields is adding more generalist investors as they search for yield amid low bond-market returns, Nick Holland said in an interview from Johannesburg. The sector, which once largely drew the attention of specialist funds, is now attracting a broader base of investors who previously considered gold miners too leveraged and high-risk. Bullion’s surge to a record earlier this month is increasing that allure.
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