Daily Archives: June 26, 2013

Corruption cannot define ANC govt – Zuma

20120329123658428 MDF94353 Corruption cannot define ANC govt – Zuma

Corruption should not be so deep-rooted that civil servants expect bribes for doing what they are paid to do, President Jacob Zuma has said. read more

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Murray & Roberts fined R309m; settles with Competition Commission: Henry Laas – CEO, Murray & Roberts

‘The collusive conduct…primarily relates to companies…acquired by the group during 2006, 2007.’

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Markets and new listing: David Shapiro (Sasfin) & Duane Parnham (executive chairman, Giyani Gold),

‘The commodities carnage ‘has to do with worries over…the quality of Chinese growth.’

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Gold nears three-year low

Set for record quarterly loss

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Steinhoff subsidiary to buy Austrian furniture group kika-Leiner

JSE-listed Steinhoff International to extend footprint to Austria, as well as central and eastern Europe, when Steinhoff Europe acquires 105-year-old kika-Leiner

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Obamas to have busy agenda in Tanzania

President Obama’s two-day visit to Tanzania begins on July 1 with a meeting with President Kikwete, who will host a state dinner that evening for the US leader and First Lady Michelle Obama, the White House announced on Friday.

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Uhuru Kenyatta secures Mombasa port trade after deal

Uganda and Rwanda are set to join Kenya in relocating top customs officials to Mombasa Port in a new pact seeking to boost the flow of goods and curb dumping of cheap imports in East Africa.

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Foreign investors win battle for control of mining firms

A controversial law requiring foreign mining firms to cede 35 per cent ownership to local investors will be repealed to help Kenya attract investments in the extraction sector.

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Non-tariff barriers ‘slow Kenya’s bid to grow its economy’

Poor business environment and non-tariff barriers to trade are hampering growth in Kenya despite improvements in the policy framework last year, the World Bank has said.

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Kenyan firms missing online marketing boat

For millions of consumers online, the acute shortage of products made in Kenya on the Internet is puzzling, especially for a country that aspires to become Africa’s silicon Savannah.

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Knut refuses to call off teachers’ strike

A stand-off between the government and teachers over salaries has deepened as a nationwide strike by the tutors entered its second day yesterday.

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KQ eyes cost savings to restore profit

Kenya Airways banking on cost-cutting measures to recover from tough two years that saw the national carrier swing to the biggest loss ever in the history of companies listed on the Nairobi bourse.

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BMW, Mercedes sales drop hit luxury market

Sales of new luxury cars dropped 18.3 per cent in the five months to May on reduced orders from top selling Mercedes and BMW brands.

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KRA loses case against maize supplier Erad over unpaid tax

Kenya Revenue Authority has lost its bid to secure guarantees for unpaid tax from a company at the centre of botched maize supply deal with National Cereals and Produce Board (NCPB).

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