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March 29, 2018

Gold-and-silver bars rain down on airport runway

A handout picture provided by YakutiaMedia news agency shows precious metal ingots on the runway of the airport of Yakutsk on March 15 2018.  Image: HO / YakutiaMedia / AFP

A Russian plane loaded with precious metals lost its glittering cargo on take-off Thursday, scattering the runway with gold and silver.

The Antonov plane was taking off after refuelling in an airport at Yakutsk in Siberia when its cargo door flew open — and out tumbled nearly 200 bars from the Kupol gold mine in the remote Chukotka region, investigators said.

The cargo of bars of concentrated ore used to transport the precious metals weighed 9.3 tonnes.

“As it gathered height, the [...]

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March 29, 2018

Ghana is ‘about to have an oil boom’

Ghana’s economy is seen expanding by 8.3 percent this year, making it one of the world’s fastest growing. The rapid growth is due to new oil coming online. Meanwhile Ghana’s cocoa industry, for which it is world famous, could face headwinds due to climate change and urbanization. Ludovic Marin | AFP | Getty Images

French President Emmanuel Macron (2nd R) and Ghanaian President Nana Akufo-Addo in Accra, Ghana, on November 30, 2017.

Ghana, the west African nation known as one of the world’s largest cocoa producers, is on course for skyrocketing economic growth this year thanks to an entirely different commodity.

Ghana is “about to have an [...]

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February 21, 2018

Fugitive Ajay Gupta still in the country

Ajay Gupta, who has officially been named a fugitive by the Hawks, is still on run — with the help of a security company.

Speaking in an interview with PowerFM on Friday morning, Hawk’s spokesperson Brigadier Hangwani Mulaudzi said that they know Ajay Gupta is still in the country and they also know the security company protecting him. The Hawks is set to engage with the company.

Mulaudzi said: “Those protecting him must know they are protecting a wanted suspect. They will be charged with aiding and abetting a suspect.”

Muladuzi also revealed that another director of a Gupta company is facing imminent arrest.

Officials at OR Tambo International Airport [...]

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February 15, 2018

Samsung’s mobile division continues to struggle

Samsung earned $14.13 billion in operating profit in the fourth quarter of last year but this stellar performance can’t really be attributed to the company’s mobile division. Samsung’s mobile business has been under pressure for quite a while now due to several factors such as increasing competition from Chinese rivals in key markets.

The company released its earnings results for Q4 2017 today and they reveal that the struggles of its mobile business are far from over.

It may get worse before it gets better.

Samsung’s mobile division posted 25.47 trillion won or $23.8 billion in consolidated revenue for the quarter with an operating profit of 2.42 trillion won or [...]

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