Login to BlackFacts.com using your favorite Social Media Login. Click the appropriate button below and you will be redirected to your Social Media Website for confirmation and then back to Blackfacts.com once successful.
Enter the email address and password you used to join BlackFacts.com. If you cannot remember your login information, click the “Forgot Password” link to reset your password.
ZIMBABWE, banking on mining to end two decades of economic stagnation, plans to list Kuvimba, the company in which it has placed state mining assets, to raise cash to meet government obligations. Late last year, the government created Kuvimba Mining House, in which the State pension fund and sovereign wealth fund hold 65% shareholding, to house its holdings in platinum, gold and nickel. “In the next two years, it will be a highly profitable group,” Finance minister Mthuli Ncube said in an interview. “When we eventually list, government will offload some of its shareholding.” The creation of Kuvimba is the latest attempt by the government to kickstart its mining industry. While companies were deterred by local ownership requirements and a frequently changing currency regime, investors from Russia, Cyprus and Nigeria are now exploring having platinum mines in Zimbabwe, which has the world’s third-biggest reserves of the metal. In addition to partnering Russian investors in a platinum venture, Kuvimba plans to rehabilitate aging mines and develop new ones. The company will likely be listed on the dollar-denominated stock exchange that was established in the resort town of Victoria Falls last year, Ncube said. The rest of the company is owned by a consortium headed by David Brown, the former chief executive officer of South Africa’s Impala Platinum Holdings, he said, without giving details about the arrangement. “We are looking for international skills, skills with a track record and he has a track record,” Ncube said. Money from Kuvimba will be used to back entrepreneurs, compensate people who lost the value of their bank deposits when the local currency crashed, bolster funding for veterans of the 1970s liberation war and provide seed capital for a new government workers’ pension fund, he said. It will also be used to compensate white former farmers. Zimbabwe’s initial refusal to compensate white farmers soured Zimbabwe’s relations with multilateral lenders and the West. Now the country plans to appoint advisers to help it raise the US$3,5 billion it has agreed to pay. “With Kuvimba, the government has put something on the table, it has skin in the game,” Ncube said. “Everything now hinges on concluding the appointment of the adviser and then the work of fund raising will begin in earnest.”— Bloomberg
South Africa is one of the hardest-hit countries in Africa with over 740,000 infections.
The country recorded 60 more virus-related deaths on Wednesday, bringing the death toll to 20,011.
Investing in yourself as you grow older is a wise decision that you'll thank yourself for later on. If you've been planning to travel, buy a beachfront home, or finally have that cosmetic surgery procedure done, go ahead and do it. Treat yourself to the best things in life because it's all about making yourself feel good …
A Mature Woman's Health: Adequately Caring for Yourself Read More »
The post A Mature Woman's Health: Adequately Caring for Yourself appeared first on Brothers on Sports.
LeBron James is chiming in after yet another unarmed Black man was shot by police. Jacob Blake had just broken up a fight between two women and was walking back to his vehicle when Kenosha,WI officers shot him in the back 7 times, while his children watched in the car. Blake is currently in the […]
SMALL-SCALE gold miners in Gwanda have arrested suspected robbers who attacked Muzenda Mine near Coleen Bawn, 20km south of the Matabeleland South provincial capital.
Provincial police spokesman Chief Inspector Philisani Ndebele confirmed the incident, but distanced the police from the robbers following the recovery of a truncheon, mostly used by the police.
Police recovered a truncheon, a knife and a small axe in the suspects’ getaway vehicle.
One of the small-scale miners alleged yesterday the suspects were using a vehicle registered in the name of a police officer stationed in Bulawayo.
“We apprehended the suspects and took them to the police station before 8pm on Tuesday, but police took their time recording the details and almost released the suspects.
By Stan Choe AP Business Writer NEW YORK (AP) — Most stocks are falling on Wall Street Thursday following some discouraging data about the economy, but more gains for tech stocks are keeping the S&P 500 close to its record level. The benchmark index was virtually unchanged about an hour into trading, after wiping out an earlier 0.6% loss. The Dow Jones Industrial Average was down 14 points, or 0.1%, at 27,678, as of 10:32 a.m. Eastern time, after nearly eliminating its earlier loss of 166 points, while the strength for tech stocks had the Nasdaq composite up 0.3%. The […]
The post Most of Wall Street dips, but tech gains keep S&P 500 steady appeared first on Black News Channel.
There's big money on the line tonight! R112 million is on the line. Here are your Powerball and Powerball Plus results for Tuesday, 20 October 2020.
Tens of millions of people in Africa could become destitute as a result of COVID-19 and its catastrophic impact on fragile economies and health systems across the continent, human rights chiefs from the United Nations and the African Commission warned on Wednesday.
As of 19 May 2020, COVID-19 had reached all 54 African States, infecting 88,172 people
UN High Commissioner for Human Rights Michelle Bachelet, and Chairperson of the African Commission on Human and Peoples’ Rights, Solomon Dersso, issued a joint call for urgent measures to mitigate the ripple effects of COVID-19 on the most vulnerable.
As of 19 May, COVID-19 had reached all 54 African States, infecting 88,172 people – 16,433 of them in South Africa, which recorded the highest number of cases.
Ms. Bachelet and Mr. Dersso called for equitable access to COVID-19 diagnostics, therapeutics and vaccines, urging creditors of African countries to freeze, restructure or relieve debt.
“It is a matter of human rights necessity that there must be international solidarity with the people of Africa and African Governments,” they said.
Retail group says its revenue for April-June declined by 17.2%. Trading in next 18 months looks ‘constrained’.
The number of confirmed new coronavirus cases per day in the U.S. hit an all-time high of 40,000 Friday — eclipsing the mark set during one of the deadliest stretches in late April — in a resurgence that has led some governors to backtrack or at least pause the reopening of their states. While the []
In a year when the coronavirus pandemic has devastated millions in the U.S., when individuals like George Floyd and Breonna Taylor joined a growing list of African-American victims of police violence and when people around the world began noticing that Black lives do matter, voters took pains to remove the knee off the collective necks of Black Americans.
Chief Executive Officer of the Consumer Affairs Commission (CAC), Dolsie Allen, is cautioning the public against seeking COVID-19 tests from unauthorised entities.\t“We are appealing to consumers, don’t support entities that are...
