Some political myths are more believable than others. Some of them contain grains of truth, or perverse elements of pseudo-logic that seem to make sense when considered in isolation. Other political myths are pure unadulterated rubbish, that nobody should be falling for them. Claims that the UK has been “bankrupted” are amongst this class of…
Rachmat Gobel, President Commissioner of the Panasonic Gobel Group (the local unit of Japan-based Panasonic Corporation), said the group needs to restructure its business in order to strengthen its business model. Amid weakening demand for the energy efficient compact fluorescent lamp (CFL) and growing global demand for light emitting diode (LED), the group decided to…
The government will step up efforts to restructure the manufacturing industry and reinvigorate the sagging corporate sector, officials said Thursday. Industry Ministry officials said the government will seek industry-wide reorganization after the National Assembly passes a reform bill aimed at helping firms to sell or purchase businesses. The ministry will move fast to support companies…
The Zimglass factory in Gweru Lovemore Zigara, Midlands CorrespondentTHE countrys sole flint glassmaker, Zimbabwe Glass Industries (Zimglass), will meet creditors next week to pave way for liquidation. Zimglass, a subsidiary of the Industrial Development Corporation (IDC), was placed under judicial management in June 2014. The company took the liquidation route after failing to attract investors…
City councillors plan to hold a meeting sooner rather than later on whether the city should debt finance a number of longstanding roads and other projects. In particular, four-laning MR35 from Azilda to Chelmsford at a cost of $30 million is a priority, as is completing the resurfacing of Lorne Street. While the city will…
Published 04/02/2016 | 02:30 (Stock image) International ratings agency Moody’s has controversially suggested large numbers of mortgage holders have stopped making repayments in a bid to get debts written off. Share Go To Banks have in the past suggested that a large number of those in arrears are so-called strategic defaulters – those who make…