India’s nominal GDP growth will rise by 11.6 per cent this year up from 9.2 per cent in 2023, making the country’s nominal GDP growth the highest in Asia for the third consecutive year, a report by a major financial conglomerate said. This is reported by IANS, a partner of TV BRICS. India’s contribution to Asian and global growth will rise by 30 per cent and 17 per cent, respectively, up from 28 per cent and 16 per cent in…

Abdul Khalifa, 62, owns a large herd of camels in Kenya’s North Eastern Province.  Based in the rural outskirts of Garissa, a town located 367 km northeast of the nation’s capital Nairobi, a five-and-a-half-hour bus ride, Khalifa has been breeding camels for more years than he can remember.  Most of the land in the area is communal land, meaning it is wholly owned or shared by the community. Khalifa’s almost 600 camels make him one of the wealthiest herders in…

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 representative said. According to Volvach, trade volume exceeded 3.9 trillion roubles (over $40 billion) in the first three quarters of this year. He noted that…

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 of $2.13 trillion. This is reported by Toda Palavra, partner of TV BRICS. Last year, Brazil ranked 11th. According to IMF forecasts, by 2026 Brazil…

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 in South Africa caused a significant increase in egg prices around September and October 2023. The avian influenza outbreak caused an increase in egg prices…

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 14 November, Raghunath visited the Xiamen Port to experience the smart production, modern facilities and international services of the terminal, along with 16 other young…

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, joined the agency in 2018, and over time, she has become a significant shareholder, owning 21%. A family trust retains the remaining share.  Ebony+Ivory is…

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 Ahmed Cajee determined that the disputed tender, which was recently awarded by the provincial department of health, had lapsed. After Judge Cajee declared the 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 (PTY) Ltd a few weeks ago should be declared invalid and set aside.  Buhle approached the Johannesburg High Court seeking an interim interdict to stop…

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 chain unit, allegedly manipulated procurement processes to secure the contract for two companies in July last year.  The provincial health department awarded Tshenolo Waste (PTY)…