Lesotho Financial News

04.04 / 13:09

economy Trade President Fishing country Headlines International Hook, line, and sanctioned: Donald Trump hits French island Saint-Pierre-Et-Miquelon with 50% tariff over single fish shipment in bizarre trade clampdown

With this move, the two small islands off the Canadian coast have gone from relative obscurity to being the unexpected face of an escalating US-France trade clampdown. While larger countries like China and Mexico are often the focus of trade battles, this time it’s a quiet fishing outpost of under 6,000 people caught in the crossfire.

03.04 / 18:33

UPS economy Trade country shock International Trump's tariffs: A reckless gamble or a necessary overhaul of trade?

And he belaboured global trade with them on Wednesday. Much of the planet is in shock. This includes penguins and seals who are the sole inhabitants of Heard and McDonald Islands, an Australian external territory near Antarctica, which has been slapped with a 10% tariff. India is mildly disappointed that its constructive and radical offer to Washington — zero-for-zero tariffs on 70% of manufactured goods — didn't give it a reprieve beyond pharma. But GoI has sensibly taken a 'Keep Calm and Carry On' attitude to what it has come to recognise is a period of geopolitical upheaval, as the US, Russia and China, in their separate ways, disorder the global order.

09.01 / 15:45

markets UPS Digital Strategy Experts PAM Amid divorce buzz, Prince Harry admits his current life with Meghan Markle 'isn't what he imagined'

Prince Harry and Meghan Markle tied the knot in 2018 the couple has been making the headlines-- and their official exit as senior members of the UK royal family in 2020 only added more fuel to the fire. Amid their recent divorce rumours, considering that Harry and Meghan haven't been making public appearances together for quite some time.

20.11 / 19:21

UPS Fighting community Trade country prevention What to know about a standoff between police and illegal miners at a South Africa mine

South African authorities are embroiled in a standoff with an unconfirmed number of illegal miners who remain underground at an abandoned mine, apparently fearing arrest by police officers at the site

16.10 / 03:39

Provident FIVE Southern Food show country International Southern Africa is enduring its worst hunger crisis in decades due to El Niño, the UN says

The United Nations' food agency says months of drought in southern Africa triggered by the El Niño weather phenomenon have had a devastating impact on more than 27 million people and caused the region’s worst hunger crisis in decades

27.09 / 22:03

Charity Southern Duke community gatherings inequality Relationships Prince Harry’s Sentebale organization leading initiative to support youth in Africa

Prince Harry’s latest philanthropic move will gather world business leaders and philanthropists to work towards fostering prosperity in Southern African communities

20.12 / 14:07

FIVE Coca-Cola Manufacturing Enterprise PepsiCo President track Big game opportunity for Varun Beverages in South African safari

₹1,380, up 7% on Wednesday. BevCo holds franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini, and distribution rights for Namibia and Botswana.

20.12 / 04:33

Provident Manufacturing Enterprise WhatsApp Southern PepsiCo innovations week Varun Beverages share price jumps over 17% to 52-week high on South Africa’s Bevco acquisition

Varun Beverages share price rallied over 17% to hit a fresh 52-week high on Wednesday after the company announced the acquisition of South Africa’s Bevco, which analysts believe to be a good value creation opportunity. Varun Beverages shares jumped as much as 17.78% to a 52-week high of ₹1,380.45 apiece on the BSE. One of the largest franchise bottlers of PepsiCo in the world, Varun Beverages announced that its board of directors approved the acquisition of 100% stake in South Africa’s The Beverage Company Ltd (BevCo) with plans to expand its geographical footprint in Africa.

19.12 / 17:55

FIVE Manufacturing Enterprise Continental PepsiCo Workday reports Varun Beverages to acquire PepsiCo's South Africa bottler Bevco

Varun Beverages Ltd (VBL), one of PepsiCo’s largest franchise bottlers worldwide, announced the acquisition of South Africa-based Beverage Company (Bevco) along with its wholly-owned subsidiaries at an enterprise value of Rs 1,320 crore, on Tuesday. The proposed transaction is valued at an enterprise level of ZAR 3 billion (Rs 1,320 crore) and will help it expand its geographical footprint in the African market, the company said in a stock exchange filing. BevCo, which has franchise rights from PepsiCo Inc, in South Africa, Lesotho and Eswatini, manufactures and distributes licensed PepsiCo and own-branded non-alcoholic beverages in South Africa.

25.11 / 01:01

regulation IMF IMF calls for tighter crypto regulation in Africa as the industry unfolds

The International Monetary Fund (IMF) is calling for increased regulation of Africa's crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov. 22.

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