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  • Analysts expect firm gold price next year and gold stock gains 19 Dec 2009 10:00 GMT
    ... surging last month on the back of central bank buying and dollar weakness, fuelling hopes the ... the impact of higher metal prices. South Africa's Harmony Gold, the fifth-largest gold miner, is ... relapse," said Daniel Major at RBS Global Banking & Markets. "There are still fears of a ...

  • Govt predicts inflation drop 19 Dec 2009 09:02 GMT
    ... THE Government has predicted a growth of 6.3 per ... held across hundreds of accounts at commercial banks which are accruing unnecessary bank charges. “In ... loans did not pose any danger to Zambia’s debt sustainability. The amount received so far ...

  • Our youth are drowning in debt 19 Dec 2009 08:59 GMT
    ... proper financial management skills to young South Africans who are already in trouble with creditors ... Some of the young people who obtained loans from banks to open up businesses often found themselves drowning in ...

  • Federal stimulus dollars have Cache Valley effect 19 Dec 2009 08:17 GMT
    ... what "really" caused it. (Read more here) Banks and mortgage lenders: Starting in the Clinton ... Starting in the Clinton administration, an old banking law, the Community Reinvestment Act, passed under ... mortgages to “underserved groups” meaning Hispanics and African Americans. Those that refused were harassed by ...

  • Court Grants Cecilia Ibru Leave to Travel Abroad 19 Dec 2009 08:15 GMT
    ... Ebele Akpeh — A Federal High Court in Lagos ... held sway as the chief executive of the bank.Particularly, the commission alleged that Ibru approved bad ... grounds that there were several medicalcentres in Nigeria which could take care of Ibru's ailment. ...

  • Central banks eager to get their hands on gold 19 Dec 2009 06:16 GMT
    ... Some of the biggest buyers of gold may be ... performance is indicative of future results. Central banks, holding about 18 percent of all gold ... ranking it 56th in the world, behind Nigeria and Belarus. "We follow the big trend. ...

  • Dubai is just a harbinger of things to come for sovereign debt 19 Dec 2009 05:56 GMT
    ... wealth from their bankrupted and taxpayer rescued banks will be very lucky if they are not ... out, even to customers with an impeccable credit rating - or, come to that, even ... same levels as some of the poorer African Nations??? on Nov 30th, 2009 at 3:10 ...

  • Gloomy 2009 as Diamonds Lose Sparkle 19 Dec 2009 01:10 GMT
    ... economic performance, as Botswana just like most African and developing countries fell victim to the ... Bank. The loan is to come through the bank's Development Policy Lending (DPL) window, which is ... was equally full of new developments. The central bank continuously applied an expansionary monetary policy throughout ...

  • Towards Citizen Economic Empowerment and Diversification [opinion] 19 Dec 2009 01:10 GMT
    ... of groceries/horticulture prefer to source from South Africa. Most of these large companies are foreign-owned, ... must not be made to pass. Financial institutions/banks in Botswana are also foreign owned and ... country should have citizen banks in commercial/retail banking - it will make sense for these ...

  • Man Renting Condo Scammed in Overpayment Con 19 Dec 2009 00:55 GMT
    ... already had deposited the check into his credit union account and was instructed to withdraw ... Union to a Ken Anoks in Benin, Africa. Yesterday, Parra found out the check was ... a consumer, I took the check to the bank and they said it was good, now ...

  • 'Climate change is a big area of... 19 Dec 2009 00:55 GMT
    ... in the developed world. India started regulating credit agencies in 1999 but the regulator, the ... rolling out a similar mechanism in South Africa [ Let's move to another hot topic! If ... was the concept of tying up with banks to get their SME borrowers rated; taking this ...

  • Still healing, five years later 19 Dec 2009 00:40 GMT
    ... killed 226,000 people in 13 Asian and African countries, scars have yet to heal even ... sell their operations because they can't obtain loans from banks to keep going," said Krit Srifa, president of the ...

  • Brazilian steelmaker CSN launches $5.5 billion bid for Portuguese cement company Cimpor 18 Dec 2009 22:32 GMT
    ... said. Cimpor has business in Brazil, Spain, Egypt, South Africa, Turkey and China. CSN has in recent ... Fino owns close to 11 percent. Portuguese banks Caixa Geral de Depositos and Banco Comercial ...

  • Police: Bank robber had mortgage troubles 18 Dec 2009 22:15 GMT
    ... a teller that he was behind on mortgage payments and wished the worker a "Merry ... spokesman, said the suspect, described as an African-American man in his late 40s or early ... detonated via cell phone. The man fled the bank on foot with an undisclosed amount of ...

  • Obama approves aid to Israel, PA 18 Dec 2009 21:55 GMT
    ... US President Barack Obama this week signed the 2010 ... a clause forbidding American export and import banks to use the aid funds for providing ... following the peace agreement Israel signed with Egypt, and had amounted to $3 billion a year. ...


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"The rains were many people’s last hope but they have failed again. While some parts of the region have had some rain in October, others have not received a drop."
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