The volume of trade between Russia and India will reach a record high this year. This statement was made by Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation, during the India-Russia business dialogue. “It is safe to say that this year we will renew our historical record of mutual trade,” the Russian… Continue reading Trade Volume Between Russia and India Exceeded over $40 billion in the First Three Quarters
Category: Business
Brazil To Become The World’s Ninth Largest Economy
With gross domestic product (GDP) growth of 3.1 per cent this year, Brazil is expected to rise two places to become the world’s ninth largest economy in 2023. This was announced by the International Monetary Fund (IMF) on Tuesday, 19 December. According to the fund, the country should end the year with a nominal GDP… Continue reading Brazil To Become The World’s Ninth Largest Economy
PIC’s Daybreak Farms Appoints Richard Manzini As CEO
Top South African poultry producer Daybreak Farms has announced the appointment of Richard Manzini as its new chief executive officer (CEO). Manzini, a well-established business strategist, will guide the company through the current challenges in the poultry market. He assumes control of the company, owned by the Public Investment Corporation (PIC), after a market disruption… Continue reading PIC’s Daybreak Farms Appoints Richard Manzini As CEO
Intelligent Technologies and Green Transition Empower Xiamen Port
As a boy growing up in Durban, the largest seaport city in South Africa, Kashveer Raghunath is no stranger to port terminals. But when he walked into the Hairun Container Terminal located in berths 4-6 of the Haicang section of the Xiamen Port, what he saw was totally different from that in his hometown. On… Continue reading Intelligent Technologies and Green Transition Empower Xiamen Port
Businesswoman Thembi Sizani Acquires 21% Stake In Leading Ad Agency
The empowerment of black women reached a new milestone when the financial director of a prestigious advertising agency obtained a 21% stake in the company. As a result, the agency said that black female ownership at Ebony+Ivory Integrated Advertising Agency now stands at 51%. Thembi Sizani, who currently serves as the Financial Director at Ebony+Ivory,… Continue reading Businesswoman Thembi Sizani Acquires 21% Stake In Leading Ad Agency
Lawyers Accuse Gauteng Health Bosses Of Abusing Court To Defend Unlawful R526m Tender
The Gauteng Department of Health’s application to appeal a high court ruling, which declared a R526 million tender unlawful, has been criticized as a scheme to exploit government funds, ultimately burdening the taxpayer. On November 30, the South Gauteng High Court in Johannesburg declared the medical waste tender invalid and subsequently set it aside. Judge… Continue reading Lawyers Accuse Gauteng Health Bosses Of Abusing Court To Defend Unlawful R526m Tender
Medical Waste Company Takes Gauteng To Court Over ‘Flawed, Unlawful Tender’
A top medical waste company has taken the Gauteng Department of Health to court over a procurement process it believes was flawed and unlawful. Buhle Medical Waste has applied for an urgent interdict against the department, saying its decision to award a R526 million contract to Tshenolo Waste (Pty) Ltd and Phuting Medical Waste Management… Continue reading Medical Waste Company Takes Gauteng To Court Over ‘Flawed, Unlawful Tender’
Inside Gauteng’s ‘Rigged, Unlawful’ R500M Medical Waste Tender
Senior Gauteng Department of Health officials have been accused of fixing a R526 million medical waste tender to benefit their preferred bidders at approximately double the price. Acting head of department Arnold Malotana, acting director for health care risk and medical waste Edgar Motha, and Sheriff Lecholo, assistant director for contract management in the supply… Continue reading Inside Gauteng’s ‘Rigged, Unlawful’ R500M Medical Waste Tender
Creating Single BRICS Payment System On 2024 Summit Agenda, Says Ramaphosa
South African President Cyril Ramaphosa has said that creating a single payment system using the national currencies of the BRICS countries will be on the agenda of the 2024 summit in Kazan, Russia. The head of state remarked while addressing the National Council of Provinces (upper house of parliament) on October `13. “The BRICS group… Continue reading Creating Single BRICS Payment System On 2024 Summit Agenda, Says Ramaphosa
World Mobile Bringing Connectivity To Rural Mozambique
WORLD Mobile Group, the first global mobile network powered by blockchain technology and the sharing economy, successfully launched on Monday its first aerostat in Mozambique, expanding mobile connectivity to the southeast African country. Gregory Gottlieb, head of Aerial Platforms, told the press on Monday that “Aerostat is here to connect the unconnected in the rural… Continue reading World Mobile Bringing Connectivity To Rural Mozambique