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Poor legacy assets drag down PIC unlisted investment impairments

Poor legacy assets drag down PIC unlisted investment impairments

Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv

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From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

Investing in public companies holding bitcoin and other digital tokens was a major trend earlier this year, but the market has turned …Bitcoin itself is down only 6%. Around 70% of digital asset treasuries are expected to finish the year lower than their starting value. Image: Angel Garc

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China's exports grow 5.9% in November, while US shipments drop 29%

China's exports grow 5.9% in November, while US shipments drop 29%

FILE - Vehicles and trucks for export wait for transportation from a port in Yantai in eastern China's Shandong province on Jan. 2, 2025. (Chinatopix via AP, File) (ASSOCIATED PRESS)HONG KONG (AP) — China’s exports returned to growth in November following an unexpected contraction the

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Keeping your festive spending under control

Keeping your festive spending under control

Januworry hits hard when December’s early payday meets festive overspending, but with a few simple habits, you can avoid the five-week squeeze.Holiday cheer fades fast, your expenses don't. Keep a weekly spending cap and resist the urge to spend more just because you earned more. Image:

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Chinese woman marries soldier who rescued her from earthquake debris when she was 11.

Chinese woman marries soldier who rescued her from earthquake debris when she was 11.

Chinese woman marries soldier who rescued her from earthquake debris when she was 11A Chinese woman married the soldier who rescued her during the earthquake after the two unexpectedly reunited years later. A Chinese woman who was rescued as a child from the debris of the devastating Wenchuan ear

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Agent Luka Modric?! AC Milan aim to use Croatia international to help land his former Real Madrid team-mate

Agent Luka Modric?! AC Milan aim to use Croatia international to help land his former Real Madrid team-mate

AC Milan are planning to use Croatia legend Luka Modric to help land his former Real Madrid team-mate Andriy Lunin in case their star goalkeeper Mike Maignan exits the club as a free agent. Maignan, a France international, looks set to leave the Italian club at the end of the season, with no new

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Rocky star Sylvester Stallone, 79, uses cane in public for first time during award ceremony

Rocky star Sylvester Stallone, 79, uses cane in public for first time during award ceremony

The Rambo star was seen at 48th Kennedy Center Honors in WashingtonSylvester Stallone made a striking impression as he stepped onto the red carpet at the 48th Kennedy Center Honors in Washington, D.C., on December 7, 2025. The 79-year-old Hollywood icon, being celebrated as one of t

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Museveni Meets Leaders in Lira and Pallisa, Addresses Connectivity, Peace and Household Incomes

Museveni Meets Leaders in Lira and Pallisa, Addresses Connectivity, Peace and Household Incomes

President Yoweri Kaguta Museveni on Sunday met leaders from Lango and Bukedi, addressing issues of infrastructure, livelihoods and regional stability.Focus on Connectivity in LangoIn Lira, the President met more than 15,000 NRM leaders from across the Lango Sub-region. The leaders r

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Arsenal to bid €45m in shock January signing as Berta goes ‘all out’ for ‘Mbappe-like’ attacker

Arsenal to bid €45m in shock January signing as Berta goes ‘all out’ for ‘Mbappe-like’ attacker

Arsenal are preparing to bid roughly €45m in January for a player who might not help their title challenge one bit, while Andrea Berta is reportedly going ‘all out’ to sign a forward compared to Kylian Mbappe and a recent Arsenal signing has been branded ‘Raheem Sterling 2.0’.Ars

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Presidential candidate Munyagwa’s father throws weight behind President Museveni ahead of 2026 elections

Presidential candidate Munyagwa’s father throws weight behind President Museveni ahead of 2026 elections

Hajji Bruhan Sserunga, a veteran community leader and father of Hon. Mubarak Munyagwa, the presidential candidate for the Common Man’s Party, has publicly hailed President Yoweri Kaguta Museveni for his exceptional leadership, sending a strong message of respect and confidence ahead of the elec

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