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Business urged to form apex body

THERE is need for business organisations in the country to form an apex body that will collectively represent and speak for them to ensure a common agenda, an official said yesterday.
Zimbabwe National Chamber of Commerce President Mr Obert Sibanda, who took over the reigns at the chamber's annual congress in Kadoma last week, said formation of an apex body would be one of the biggest priorities of his executive during his two year term.
Mr Sibanda took over the presidency from Mrs Marah Hativagone.
He will be deputised by Mr Trust Chikohora in an executive comprising four regional vice-presidents — Mr Alfred Dube (Matabeleland), Mr Edward Mukarakate (Midlands) Mr Oswald Binha (Mashonaland) and Mr Kennedy Saruchera (Manicaland).
“While individual business organisations will remain to pursue their business, there is need for an apex body that will be a common voice of business. more

Calendar of major business events for Wednesday

Major business events and economic events scheduled for Wednesday:

WASHINGTON -- Senate Judiciary Committee hearing on the price of oil. Witnesses include oil company chief executives.

WASHINGTON -- House Foreign Affairs Committee hearing on sovereign wealth funds and the impact on U.S. foreign policy and economic interests.

WASHINGTON -- The Federal Reserve releases minutes from its April meeting.

WASHINGTON -- House Oversight and Government Reform subcommittee hearing on subprime mortgage problems.

NATICK, Mass. -- BJ's Wholesale Club Inc. releases first-quarter financial results.

COLUMBUS, Ohio -- Limited Brands Inc. releases first-quarter financial results.

LOS ANGELES -- Napster Inc. releases fourth-quarter financial results.

. more

James Hay sees 158 per cent increase in ESIPP business

James Hay, the UK's largest Self Invested Personal Pensions (SIPP) provider, today reports a significant increase (158 per cent) in the number of James Hay eSIPPs sold in the first half of 2008, when compared to the first half of 2007. Assets-under-management within James Hay's eSIPP portfolio has increased 97 per cent under the same period.

Andy Pennie, Marketing Director at James Hay commented: "This success has been driven by launching innovative products specifically tailored for current market conditions.

"Our Special Deposit Account paying 6.90 per cent - the first account to offer SIPP investors the kind of cash rates they could get on the high street -has proved popular with customers wishing to switching to cash to escape market volatility.

"Equally we have seen high demand for our Selected Banking Plan - an innovative capital protected product investing in four leading banks at a time when investors are uncertain about the prospects for banks shares."

"James Hay remains committed to investing in innovative solutions for SIPP investors in the current market place."

James Hay SIPP is backed by Santander, one of the largest banks in the world, which was recently awarded Best Global Bank in the Euromoney awards. more

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