Business

ERP Says The Victoria Falls Hotel Not Sold

Emerged Railways Properties (ERP), which owns The Victoria Falls Hotel, has dismissed rumours regarding the…

Suez Canal Economic Zone Signs Contracts Worth US$38 Million

The Suez Canal Economic Zone (SCZONE) announced that it has attracted US$38 million in investments…

Capitec Bank Fined R56 Million For Failing To Comply With FICA Regulations

The Prudential Authority (PA), an entity of the South African Reserve Bank tasked with monitoring…

Ethiopia’s Mining Sector Attracts Increased Global And Private Investment

Ethiopia’s mining industry is gaining significant momentum, with both domestic and international investors showing heightened…

Brazil’s Coffee Export Is On The Rise

Exports of green coffee from Brazil totalled 3.39 million 60-kilogramme bags in July, an increase of 25.7 per cent compared with the same month last year. Shipments of canefol coffee were up 82.2 per cent year-on-year in July. This is reported by Brasil 247, a partner of TV BRICS. Exports of Arabica beans rose 13 per cent to 2.49 million bags, instant coffee rose 26 per cent to 376,524 bags and roasted and ground coffee rose 5,552 bags, up 47…

UAE Real Estate Sector Continues To Develop And Attract Investment In First Half Of 2024

Leading property companies in the UAE have launched many major projects since the beginning of the year, offering a variety of investment opportunities for investors and those wishing to live and work in the country. This is reported by Emirates News Agency (WAM), a partner of TV BRICS. Experts expect the UAE property market to maintain its upward trend in 2024, with new projects from the government and private sector covering various property and infrastructure segments. Several residential and commercial…

Harmonious Integration Of Newcomer Countries Into Agenda Of BRICS Business Council Is Main Challenge Of Current Year

Sergey Katyrin, President of the Russian Chamber of Commerce and Industry, who attended the Annual Investment Congress (AIM Congress 2024) in the capital of the UAE, spoke in an exclusive interview with TV BRICS about the work of the BRICS Business Council, which he chairs. He explained what priorities the structure has in view of Russia’s chairmanship in the association this year. What priorities are guiding the BRICS Business Council this year in view of Russia’s presidency? Are there any…

China’s Trade Turnover With Other BRICS Countries Grew Significantly In First Quarter

China’s trade turnover with other BRICS countries rose 11 per cent year-on-year to 1.49 trillion yuan (US$205,7 billion) in Q1 2024. It accounted for 14.7 per cent of China’s total foreign trade during the period, according to the country’s General Administration of Customs (GAC). This is reported by China Daily, a partner of TV BRICS. As for statistics on individual BRICS countries, China’s exports to and imports from Brazil rose 25.7 per cent and 30.1 per cent respectively in the…

VR Technologies In Automotive Industry In South Africa

In recent years, virtual reality has become an indispensable tool for many industries, and the automotive industry is no exception. Virtual reality lessons for automotive organisations provide indispensable assistance in improving the design, production and maintenance processes of vehicles. One of the most important benefits of using virtual reality in the automotive industry is the ability to create 3D models of vehicles and their components, allowing engineers and designers to easily interact with and see objects in real time. This…

Tunisian Companies Gain New Opportunities In The Niger Market

Tunisian companies were encouraged to take advantage of the opportunities offered by the Niger market, especially in key sectors such as agriculture, energy, water, healthcare, and real estate. This was reported by Tunis Afrique Presse, a partner of TV BRICS. Speaking at the Niger-Tunisia Business Forum held in Niamey on May 6, Jamel Ksibi, president of the National Federation of Construction and Public Works Contractors, part of the Tunisian Confederation of Industry, Trade, and Handicrafts (UTICA), expressed the desire of…

Brazil Authorises Construction Of 38 New Meat Processing Plants To Increase Exports To China

In Campo Grande, Brazilian President Luiz Inacio Lula da Silva personally attended the shipment of the first batch of meat products to China from the newly opened plants. This important event is part of the federal government’s strategy to expand international trade and increase export opportunities. Since the start of 2023, Brazil has been actively working to open new markets and expand trade channels. As a result of the efforts, the country has opened 105 new markets in 50 countries…

The Number Of Startups In India Rises To 100 000

The authorities now support 100,000 startups and 113 unicorn companies (firms whose capitalisation has exceeded US$1 billion in a short period of time) established in the country. This is reported by ANI, a partner of TV BRICS. The startups are often related to innovative sectors such as financial technology, e-commerce, education technology and artificial intelligence. Earlier, India’s Minister of State for North Eastern Development Jitendra Singh highlighted Narendra Modi’s role in strengthening the country’s position in the economic arena. He…

Former Eskom Bosses, Private Sector Using ‘Revolving Door, Insider Trading’ To Score Tenders 

  Several energy companies are recruiting former Eskom executives allegedly to gain an unfair competitive edge, benefit from insider trading, and position themselves for billions of tenders at the power utility.  According to insiders and industry sources, the growing trend raises questions about an alleged revolving door phenomenon involving former Eskom bosses, the power utility’s failure to enforce the government’s restraint of trade policy, and threatens the credibility of the state-owned company’s procurement processes.  Former Eskom Group CEO Brian Dames,…

The Number Of Companies Interested In Investing In Rio De Janeiro Increases By 33%

The number of industries interested in investing in Rio increased by 33% in 2023. The number of industrial companies interested in opening or expanding their business in the state of Rio de Janeiro increased by 33% last year compared to 2022. According to the Rio de Janeiro State Industrial Development Company (Codin), 123 firms have had their applications for tax incentives approved during this period. “The state of Rio de Janeiro is becoming increasingly attractive for business. It is proved…

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