Business Brief
Mozambique advised to assess impact of mining tax breaks
Maputo - Mozambique should assess the impact that cuts to mining companies’ production taxes will have on the country’s royalty earnings before granting more revenue breaks, an independent mining consultant said.
“Mozambique needs to strengthen its laws on the fiscal system in ...
Botswana’s diamond bourse getting ready
Gaborone - Botswana’s diamond bourse development is on track for completion by May 2012 while a new building is in the works to accommodate demand for office space in the Diamond Technology Park (DTP), according to Rutang Moses, the chief executive of the DTP and SAFDICO Botswana. The govern...
SA cuts growth forecast to 2.7%
Cape Town ‑ South African Finance Minister Pravin Gordhan cut his forecast for economic growth for a second time in four months as Europe, the nation’s largest trading partner, faces recession. GDP will probably expand 2.7 percent in 2012, less than the 3.4 percent estimated in October...
Zambia\'s GDP growth seen at 6.6% in 2012
Johannesburg ‑ Zambia's economic growth will hold up well this year and next as the country cashes in on high copper prices through privatisation, bringing more machinery to build the US$13 billion economy through the mining sector. A Reuters poll of 10 analysts showed mining would be th...