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Economic News In south Afica

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Call to control bread priceCall to control bread price
Sunday, 13 January 2008  ::  
The Independent Democrats (ID) have called on the government to regulate bread prices.ID spokesperson Rodney Lentit said on Friday that the rising cost of bread would hurt the poor and the unemployed."Bread is a staple food for the majority of the people of South Africa and we in the ID believe that the time has come for government to ensure the food security of our people by regulating bread prices," said Lentit.This comes after bakeries confirmed this week that bread prices were likely to go up. - Sapa
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    Letter to Interfin Bank Directors on CFX Bank
    Wednesday, 04 November 2009

    15th Floor, NSSA Building

    Cnr Sam Nujoma St/Julius Nyerere Way

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    CFX Bank ownership dispute takes new twist
    Monday, 02 November 2009

    The CFX Bank ownership dispute has taken yet another twist with Laywers representing Gilbert Muponda advising Interfin Bank to trade cautiously on their reported interest in acquiring a controlling stake in CFX Bank which Muponda alleges was illegally and irregularly snatched from him.The full letter by Muponda's laywers .GUTU and CHIKOWERO - Attorneys at Law is reproduced below.

     

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    CFX and Zambian Bank deal collapses
    Monday, 02 November 2009

    INTERFIN Holdings is now firm favourite to acquire a controlling stake in CFX Financial Services ahead of the Finance Bank of Zambia.The Finance Bank Zambia deal collapsed after exiled businessman Gilbert Muponda advised the Zambian Bank about his claim on CFX Bank which he claims was illegally snatched from him.

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