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April 2018
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April 20, 2018

WATCH: What the Old Mutual split means for investors

Old Mutual released its full-year results on Thursday, boasting of a 22% increase in pre-tax profit as it prepares to split its business units.

Group CEO Bruce Hemphill said Old Mutual Wealth, along with Old Mutual Limited, would be listed in London and Johannesburg once the separation was complete. But Hemphill gave no indication of when the listings would take place, saying Old Mutual would play its cards close to its chest.

Hemphill spoke to Business Day TV about the group’s full-year results and gave some more detail on the numbers.

 

 

Source: [...]

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April 13, 2018

Vaping could be leading thousands of teens to start smoking who otherwise wouldn’t have

Vaping, which involves puffing on vaporized liquid nicotine using an e-cig or vape pen, seems to be healthier than smoking, a deadly habit that involves inhaling burning tobacco. And for some adult smokers, vaping may be somewhat helpful for quitting. But the practice also appears to be creating thousands of new smokers, most of whom are teens whose first exposure to nicotine is via an e-cig or vape pen. Smoking kills. No other habit has been so strongly tied to death.

In addition to inhaling burned tobacco and tar, smokers breathe in toxic metals like cadmium and beryllium, as well as metallic elements like nickel and chromium.

It’s no surprise, then, that much of the [...]

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April 13, 2018

US HINTS AT SHIFT ON RUSSIA WITH SANCTIONS AND CONDEMNATION

The US Treasury slapped sanctions on 19 Russian citizens and five entities for election meddling and cyber-attacks.

By imposing new sanctions on Russia and condemning a suspected Russian chemical attack in Britain, Washington has hinted at a tougher stance toward Moscow despite President Donald Trump’s stated desire for better ties.

The US Treasury slapped sanctions on 19 Russian citizens and five entities for election meddling and cyber-attacks in the most significant steps the United States has taken against Russia since Trump took office amid US intelligence agency allegations that Moscow tried to help him win the 2016 election.

While the Treasury put off [...]

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April 13, 2018

Uganda: NDA Seizes Fake Hepatitis Vaccines

The National Drug Authority (NDA) is investigating how eight private hospitals and clinics came to sell counterfeit hepatitis B vaccines in Mbarara, Kampala and Mbale.

As inquiries proceed, the authority has asked the public to remain calm awaiting further advice. Amos Atumanya, the NDA regulatory officer who led the three-week preliminary investigation, told journalists yesterday that the fake vaccines are allegedly manufactured by the Serum Institute of India.

“We got our first complaint from Mbarara. This person got the fake labels on Mbarara street and was able to inform our regional office,” Atumanya told journalists at NDA offices in Kampala. [...]

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