Major International Business Headlines Brief::: 30 September 2019

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Major International Business Headlines Brief::: 30 September 2019

 


 

 


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ü  Egypt's EGX30 share index climbs 3.8% in early trade

ü  Mozambique targets $880 mln in tax from Anadarko takeover - report

ü  Kenya central allows merger of lenders NIC and CBA Group

ü  Zambia cancels licence of Vodafone franchise holder over poor capacity

ü  Kenyan mobile money transactions rise 47% in quarter to June over year
ago

ü  Canadian miner Banro declares force majeure on some Congo operations

ü  Zambia scraps sales tax plan in concession to miners'

ü  S.African rand edges higher as dollar wavers amid political turmoil

ü  Eni CEO searched, under investigation over dealings in Congo

ü  Thomas Cook boss 'sorry' over collapse but defends pay and bonus

ü  Zantac: CVS latest to suspend heartburn drug over cancer fears

ü  Boris Johnson denies wrongdoing over Arcuri link

ü  Forever 21 files for Chapter 11 bankruptcy protection

 

 

 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

Egypt's EGX30 share index climbs 3.8% in early trade

CAIRO (Reuters) - Egypt’s EGX30 share index climbed by as much as 3.8% on
Sunday after the central bank cut key interest rates for the second month in
a row and anti-government protest failed to gather momentum.

 

Local financial institutions were net purchasers and helped push the index
higher for a third straight session.

 

The central bank cut interest rates by 100 basis points, with overnight
deposit rates lowered to 13.25% and lending rates easing to 14.25%.

 

The stock exchange suspended trading on around 70 shares for 10 minutes
after they climbed by more than 5% during the first half hour of trading.
The index was 3.3% higher as of 1025 GMT.

 

Mohamed Farid, the bourse’s chairman, said on Thursday that recent share
losses were not justified, after they had plunged following protests against
President Abdel Fattah al-Sisi.

 

“The market responded to the rates cut and the passing of Friday safely ...
we returned to logic again,” Ibrahim El Nemr, analyst at Naeem Brokerage
said.

 

Egyptian police dispersed a protest in Cairo on Friday, but a huge show of
force by security forces prevented protests in central Cairo and other
cities.

 

Activists had called for the demonstrations against Sisi after protests
broke out the previous week. A large pro-Sisi rally was also held in the
capital on Friday.

 

“The market is recovering what it lost unjustifiably last week ... along
with the rate cuts which gave investors a positive message about the
market’s performance over the coming period,” said Radwa El-Swaify, head of
research at Pharos Securities Brokerage.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

Mozambique targets $880 mln in tax from Anadarko takeover - report

MAPUTO (Reuters) - Mozambique is targeting $880 million in capital gains tax
from the takeover of Anadarko Petroleum by Occidental Petroleum, local
newspaper O Pais reported on Friday.

 

Anadarko led a liquefied natural gas project in the southern African
country, but it was replaced by Total after the French oil major agreed to
buy Anadarko’s African assets as part of the Occidental takeover.

 

President Filipe Nyusi announced the capital gains tax target after he met
Occidental and Total managers in the city of Chimoio, O Pais reported.

 

Mozambique’s economy has been hobbled in recent years by a hidden debts
scandal, which prompted donors to cut off funding and deterred investment.

 

It is banking on its massive natural gas reserves to lift millions out of
poverty.

 

In 2017, Mozambique sought $350 million in capital gains tax from Italian
energy company ENI for its sale of a stake in the Coral South natural gas
field to ExxonMobil.

 

 

 

Kenya central allows merger of lenders NIC and CBA Group

NAIROBI (Reuters) - Kenya’s central bank said on Friday that it had approved
the merger of Commercial Bank of Africa and NIC Group, making it the second
major merger in the sector this year.

 

The two banks first announced the deal in January, in which current NIC
Group shareholders would own 47% of the merged entity and CBA shareholders
53%.

 

In March, Commercial Bank of Africa said its shareholders had accepted a
share swap with NIC Group.

 

The merger was agreed by NIC Group’s shareholders on April 17, paving the
way for the two companies to create the third-biggest bank by assets in East
Africa.

 

“Following the merger, effective October 1, 2019, all subsidiaries will
operate under a non-operating holding company, NCBA Group Plc,” the central
bank said in a statement.

 

The central bank said the merged entity will have a combined market share of
9.9% and a customer base of over 40 million people in East Africa.

 

The two banks have not disclosed the monetary value of the transaction to
the market.

 

NIC is a leading bank in asset financing and has a strong base of mid-sized
corporate clients. CBA has a strong retail client base, including
digital-only customers on its M-Shwari mobile platform.

 

After the merger, the banks said they would also have a presence on mobile
platforms in Tanzania, Uganda, Rwanda and Ivory Coast, in collaboration with
telecoms firms in the four countries.

 

The merged group will also have more than 100 branches, spanning Kenya,
Tanzania, Uganda, Rwanda and Ivory Coast.

 

The merger is the second major one in the sector since the government
imposed a cap on commercial interest rates in 2016.

 

Earlier this month, the central bank also approved KCB Group, the region’s
biggest bank by assets, taking over National Bank of Kenya.

 

 

 

Zambia cancels licence of Vodafone franchise holder over poor capacity

LUSAKA (Reuters) - Zambia’s communications regulator said on Thursday it had
cancelled the licence for Vodafone’s local franchise holder, citing a lack
of technical and financial capacity.

 

Vodafone in 2016 licenced Afrimax, a telecommunications service provider in
sub-Saharan Africa to offer customers high speed 4G data services using the
Vodafone Zambia brand.

 

The company, registered as Mobile Broadband Ltd has lately been experiencing
operational problems and issued a statement in July saying its shareholders
had failed to recapitalise it.

 

Zambia Information and Communications Technology Authority said in a
statement Vodafone Zambia would cease to operate from Oct. 20.

 

“The Zambia Information and Commmunications Technology Authority has
cancelled network and service licences issued to Mobile Broadband Limited
trading as Vodafone Zambia Limited,” it said in a statement.

 

“The cancellation is on the grounds that Mobile Broadband Limited has ceased
to fulfil the eligibility requirements ... by not being technically and
financially capable of meeting the obligations and terms and conditions of
the licence.”

 

No one at the company was immediately available to comment.

 

 

 

Kenyan mobile money transactions rise 47% in quarter to June over year ago

NAIROBI (Reuters) - Transactions worth 2.1 trillion shillings ($20.3
billion) were conducted via Kenyan mobile money services in the three months
to the end of June, up 47% from 1.427 trillion shillings in the same period
a year earlier, data from the regulator showed.

 

Of the transactions, 80% were conducted on M-Pesa, the platform run by
Kenya’s biggest mobile operator Safaricom, which is 35% owned by South
Africa’s Vodacom.

 

The Communication Authority has in the past said such transactions included
those related to loans, savings and cross-border transfers, as well as
payments for utility bills and other goods and services.

 

The data showed Safaricom’s market share had slipped to 63.5% in the
three-month period from 65.4% a year earlier. The company had 33.1 million
subscribers at the end of June, up from 29.7 million subscribers in June
2018, it showed.

 

The regulator said the market share of Airtel, Safaricom’s closest
competitor, was 24.6% during the quarter, up from 21.4%.

 

India’s Bharti Airtel said in February its Kenyan unit had agreed to buy
Telkom Kenya, another operator, to create a stronger challenger to
Safaricom. But the merger was halted in August pending a corruption probe.

 

The number of active SIM cards in Kenya stood at 52.2 million at the end of
June, up from 45.5 million a year earlier, the regulator said.

 

($1 = 103.7000 Kenyan shillings)

 

 

 

Canadian miner Banro declares force majeure on some Congo operations

JOHANNESBURG (Reuters) - Canadian gold miner Banro Corporation declared
force majeure on several of its operations in Democratic Republic of Congo
earlier this month, its chief executive said in a letter addressed to
Congolese officials and seen by Reuters.

 

Banro Corp suspended operations at Banro Mining Congo, Namoya Mining,
Lugushwa Mining and Kamituga Mining, saying “serious security problems”
persisted despite the release in recent weeks of employees taken hostage by
rebels in July.

 

A Banro employee, who asked not to be named, confirmed the contents of the
Sept. 24 letter written by CEO Brett Richards. The letter also said the
company’s Twangiza site would remain operational.

 

 

 

Zambia scraps sales tax plan in concession to miners

LUSAKA (Reuters) - Zambia will not replace its value-added tax (VAT) with a
non-refundable sales tax as previously planned, Finance Minister Bwalya
Ng’andu said on Friday, in a concession to mining companies that had
fiercely opposed the proposal.

 

Zambia, Africa’s second-largest copper producer, is grappling with high debt
levels and the effects of a severe regional drought which has depressed
economic growth.

 

The sales tax plan had been a major bone of contention between government
and the mining industry, a critical sector.

 

“Government has decided to maintain the Value Added Tax, but address the
compliance and administrative challenges,” Ng’andu said in a budget speech.

 

Ng’andu has sought to mend fences with the mining industry since being
appointed in July. Relations had soured over proposed tax changes and a
dispute between government and Vedanta Resources over its Konkola Copper
Mines unit.

 

Sokwani Chilembo, chief executive of Zambia’s Chamber of Mines, told Reuters
that the mining industry welcomed the scrapping of the sales tax plan but
was dismayed by other measures contained in the budget.

 

Ng’andu said Zambia would reduce the capital allowance for capital
expenditure to 20% from 25% and limit VAT claims on electricity to 80% from
100%, among measures affecting miners.

 

“These new measures will make rehabilitation and maintenance more expensive
at a time when we are already struggling to keep our plants in good shape,”
Chilembo said.

 

Economist Chibamba Kanyama said continuing with VAT would provide a degree
of certainty for business.

 

He called the speech a “stabilisation budget,” reflecting government’s
desire not to take austerity measures too far before a general election in
2021.

 

Ng’andu said he would limit Zambia’s fiscal deficit to 5.5% of gross
domestic product in 2020 from 6.5% this year.

 

To make its debts more sustainable, government would slow debt accumulation,
postpone or cancel some undisbursed loans and cease issuance of government
guarantees, he added.

 

Zambia is targeting GDP growth of at least 3% next year from an estimated 2%
this year, after a drought dented crop production and electricity generation
at hydropower plants.

 

 

 

S.African rand edges higher as dollar wavers amid political turmoil

JOHANNESBURG (Reuters) - South Africa’s rand inched up against the dollar on
Friday, benefiting from a softer greenback as investors weighed fresh
political turmoil in the United States and awaited the next turn in the
Sino-U.S. trade negotiations.

 

* Rand was at 15.0350 versus the greenback, as of 0523 GMT, 0.1% stronger
compared with the previous session’s close.

 

* The dollar drifted from multi-week highs against most major currencies on
Friday as markets geared for an impeachment probe launched against U.S.
President Donald Trump and talks between the United States and China
continued.

 

* Peregrine Treasury Solutions said in a note that locally there had been
little change in the political landscape throughout the week, and the rand’s
performance was, as usual, driven by global events, which kept it under
pressure.

 

* The currency would continue to be at the mercy of the global environment
over the coming week, it continued, though there were some local as well as
international data releases, such as new vehicle sales, taking place.

 

* “The rand has moved towards a leg weaker, with the new target level being
set at R15.06/$, with a break above this signalling a new bout of weakness
that could see the currency target R15.20,” Peregrine Treasury said.

 

* Government bonds were flat, with the yield on benchmark 2026 instrument at
8.32%.

 

 

 

Eni CEO searched, under investigation over dealings in Congo

MILAN (Reuters) - Italian oil and gas group Eni said on Thursday its chief
executive, Claudio Descalzi, was under investigation for a conflict of
interest issue over dealings in the Congo.

 

In a statement Eni said CEO Descalzi had been served notice by prosecutors
he was being probed for not disclosing certain information regarding
relations between Eni’s Congo unit and a company called Petroservice. It
gave no additional details.

 

A source close to the matter said prosecutors in the Congo probe were
alleging Descalzi had not disclosed the fact that his wife, Marie Magdalena
Ingoba, was behind Petroservice. Eni declined to comment.

 

“I firmly reject the alleged accusation. It is without any foundation,”
Descalzi said in the statement.

 

A lawyer representing Descalzi’s wife was not immediately available for a
comment.

 

State-controlled Eni is currently under investigation by Milan prosecutors
for alleged corruption in the Congo Republic in the period between 2009 to
2015.

 

Descalzi, who has been at the helm of Eni since 2014, is one of the
defendants in a corruption trial in Nigeria over a $1.3 billion purchase of
a giant oilfield.

 

Eni has denied any wrongdoing in the Congo probe. The company and Descalzi
have denied wrongdoing in the Nigeria case.

 

The source said Descalzi’s home had been searched on Thursday. This was
confirmed by an Eni spokesman.

 

According to a search warrant seen by Reuters, prosecutors in the Congo case
allege Petroservices benefited from nearly $105 million worth of contracts
with Eni from 2012 to 2017. Eni acknowledged this to shareholders last year.

 

In Thursday’s statement Eni said it had already concluded thorough
investigations - outsourced to independent, third-party consultants - which
had excluded any breaches or conduct aimed at benefitting service suppliers,
in particular Petroservice.

 

Descalzi’s second mandate as CEO at Eni expires early next year.

 

 

 

Thomas Cook boss 'sorry' over collapse but defends pay and bonus

The boss of collapsed Thomas Cook has said he is "deeply sorry" over the
historic travel firm's liquidation.

 

Peter Fankhauser also told the Mail on Sunday that saying farewell to staff
had been "heartbreaking".

 

The 178-year-old travel firm collapsed this week, putting 9,000 staff in the
UK out of work - and leaving 150,000 British holidaymakers stuck overseas.

 

But Mr Fankhauser defended the £8.3m he has been paid since November 2014,
and denied he was a "fat cat".

 

Rescue flights

The 58-year-old said around half his remuneration, some £4m, came in the
form of share payments, which were now worthless as he did not cash them in
before Thomas Cook went into liquidation on 23 September.

 

"I don't think that I am the 'fat cat' that I am being described as," he
told the newspaper.

 

It comes as the UK's Civil Aviation Authority (CAA) gave an update on its
efforts to repatriate stranded UK holidaymakers.

 

The CAA said on Saturday it had operated 69 flights, covering 40 airports at
home and abroad, as Operation Matterhorn completed its sixth day.

 

Operation Matterhorn which runs until 6 October, has returned around 93,000
people so far and plans to run another 70 flights on Sunday.

 

Widespread criticism

The size of Mr Fankhauser's pay and bonuses has attracted criticism from
Thomas Cook staff, unions, and politicians.

 

Business secretary Andrea Leadsom has asked the official receiver, which
oversees liquidations, to look at whether bosses' actions "caused detriment
to creditors or to the pension schemes".

 

Top directors at the holiday company have been paid a combined £20m in
salaries and bonuses since 2014.

 

Prime Minister Boris Johnson has also questioned whether directors should
pay themselves "large sums of money" as their businesses go "down the
tubes".

 

Accounting questions

Meanwhile, Rachel Reeves, chair of the Business, Energy and
Industrial?Strategy Committee, said that the public was "appalled that as
Thomas Cook mounted up debt and as the company headed for trouble, company
bosses were happily pocketing hefty pay-packages".

 

She also said there were questions to be asked about Thomas Cook's
"accounting practices", with suggestions that they improved the chances of
executives being paid large bonuses.

 

But Mr Fankhauser said: "That is just rubbish. I shouldn't say that. But it
is just not right."

 

He defended his pay saying it was not "outrageous" compared with other
bosses in the FTSE 250 index, which Thomas Cook exited last December. He
also said pay-packages had been set by the firm's remuneration committee and
approved by shareholders.

 

'Uncertainty grew'

Meanwhile, in a separate interview with The Sunday Times, Mr Fankhauser, a
Swiss national, appeared to blame a group of banks for not supporting a
bail-out plan for Thomas Cook.

 

He said if bondholders and a syndicate of 17 banks - including Barclays,
Morgan Stanley, DNB, UniCredit, Credit Suisse, Lloyds and Royal Bank of
Scotland - had acted faster, then Thomas Cook would still be trading.

 

"The longer the talks dragged on, the more uncertainty grew, increasing the
likelihood of a liquidity squeeze," Mr Fankhauser told the newspaper.

 

"Had we been quicker, we might not be in the situation we are now."

 

Thomas Cook had secured a £900m rescue deal led by its largest shareholder
Chinese firm Fosun in August, but a recent demand from its banks to raise a
further £200m in contingency funding put the deal in doubt.

 

Mr Fankhauser accused the banks and bondholders of "trading for every point"
during what were to be ultimately-unsuccessful funding talks.

 

He also told the paper: "I think it would be very difficult for me to find
another job in the UK."--BBC

 

 

 

Zantac: CVS latest to suspend heartburn drug over cancer fears

US retailer CVS has become the latest to suspend the sale of a heartburn
drug being investigated for links to cancer.

 

It follows concern in several countries over the presence of impurities in
Zantac and other ranitidine products.

 

Canada and France have already announced Zantac recalls. The US and the
European Union are investigating.

 

Health authorities say there is no immediate risk, but patients have been
advised to consult a doctor who can prescribe alternatives to ranitidine.

 

What is the fear about?

On 13 September, both the US Food and Drug Administration (FDA) and the
European Medicines Agency (EMA) published their decisions to review the
presence of N-nitrosodimethylamine (NDMA) in medicines containing the drug
ranitidine.

 

NDMA is classified as a probable human carcinogen (a substance that could
cause cancer) on the basis of animal studies.

 

NDMA is found in water and foods, including meats, dairy products, and
vegetables, but is not expected to cause harm when ingested in very low
levels, EMA says.

 

Ranitidine products are used to reduce the production of stomach acid in
patients with conditions such as heartburn and stomach ulcers.

 

They are available over-the-counter and on prescription.

 

Who has recalled the products so far?

CVS's announcement on Saturday said it was suspending the sale of Zantac and
CVS Health brand ranitidine products "out of an abundance of caution".

 

"Zantac brand products and CVS brand ranitidine products have not been
recalled, and the FDA is not recommending that patients stop taking
ranitidine at this time," the company said.

 

Walgreens, Walmart and Rite Aid in the US had earlier taken a similar
decision.

 

Canada and France have removed the drugs from pharmacy shelves. A number of
other countries have followed suit.

 

Bangladesh on Sunday issued a temporary ban on the import, production and
sale of ranitidine while it investigates the links to cancer.

 

Drug makers are also recalling products containing NDMA.

 

Sandoz, owned by Novartis, told the BBC it was recalling "several batches of
its ranitidine-containing medicines". The recalls were "under way or
pending" in Australia, Austria, Belgium, Canada, Croatia, the Czech
Republic, Denmark, Finland, Germany, Hungary, Macedonia, Portugal, Slovakia,
Slovenia, Sweden, Switzerland and the US.

 

Apotex also said it was recalling ranitidine tablets in the US.

 

The BBC has approached GlaxoSmithKline - original makers of Zantac. The
company is reported to have stopped distributing its generic version of the
drug and recalled its products from India and Hong Kong.

 

What should patients do?

Health regulators are urging people taking ranitidine not do discontinue it
immediately.

 

The FDA said, however, that those taking it by prescription should contact
health professionals about alternatives. And those buying it over the
counter could consider other options.

 

French authorities also emphasised there was no "acute risk" and patients
should not stop the medication or return it to pharmacies.--BBC

 

 

Boris Johnson denies wrongdoing over Arcuri link

Boris Johnson says there was "no interest to declare" regarding links with
US businesswoman Jennifer Arcuri.

 

It is alleged Ms Arcuri received favourable treatment due to her friendship
with Mr Johnson.

 

The police watchdog are deciding whether to investigate the prime minister
for a potential criminal offence of misconduct in public office while he was
London mayor.

 

Mr Johnson said everything had been done "with full propriety".

 

The allegations, first reported in the Sunday Times, claim Ms Arcuri joined
trade missions led by Mr Johnson when he was mayor of London and that her
company received several thousand pounds in sponsorship grants.

 

The paper has also reported Ms Arcuri told four friends that she had an
affair with Mr Johnson while he was mayor of London.

 

On Friday, the Greater London Authority's monitoring officer referred the
prime minister to the Independent Office of Police Conduct (IOPC) - whose
job it is to oversee the conduct of the mayor and other members of the GLA.

 

Asked on the Andrew Marr show if he had declared any interest, Mr Johnson
said "there was no interest to declare".

 

"I was proud of everything I did as mayor of London," he added.

 

He also attacked Sadiq Khan, the current mayor of London, saying the Labour
politician "could possibly spend more time investing in police officers than
he is investing in press officers and peddling this kind of stuff".

 

Mr Johnson added that someone in his position "expects a lot of shot and
shell".

 

Who is Jennifer Arcuri?

The woman at the centre of this story is Jennifer Arcuri, who describes
herself on Twitter as an entrepreneur, cyber security expert and producer.

 

She began her career as a DJ on Radio Disney, before moving into film -
where she wrote, produced and directed a short film that went on to be sold
at Cannes Film Festival.

 

Ms Arcuri then brought in her tech skills to create a streaming platform for
independent film makers.

 

But it was her founding of The Innotech Network in London that saw her path
cross with Boris Johnson.

 

The network hosts events to discuss tech policy, and Mr Johnson was the
keynote speaker at the first of those in 2012.

 

Since then, Ms Arcuri has also founded another company called Hacker House,
which uses ethical hackers to find tech solutions for businesses.

 

Speaking on Sky News, Health Secretary Matt Hancock said the prime minister
did not have questions to answer regarding alleged links with the US
businesswoman.

 

"Any monies involved went through proper due process - this was a long time
ago.

 

"Of course, in politics, there is always squalls and there are always
debates about individuals."

 

But Labour leader Jeremy Corbyn said the GLA's monitoring officer had made a
"wholly independent assessment" and decided there were "serious questions to
answer".

 

'Misconduct'

In a letter to Mr Johnson, the monitoring officer set out their reasons for
referring the matter to the police watchdog.

 

"During this time [2008 - 2016] it has been brought to my attention that you
maintained a friendship with Ms Jennifer Arcuri and as a result of that
friendship allowed Ms Arcuri to participate in trade missions and receive
sponsorship monies in circumstances when she and her companies could not
have expected otherwise to receive those benefits," it said.

 

The monitoring officer said it had referred the PM to the IOPC "so it can
assess whether or not it is necessary to investigate the former mayor of
London for the criminal offence of misconduct in public office".

 

It said it had recorded a "conduct matter" against Mr Johnson, which happens
when there is information that indicates a criminal offence may have been
committed.

 

But it does not mean that a criminal offence is proved in any way, the
monitoring officer added.--BBC

 

 

 

Forever 21 files for Chapter 11 bankruptcy protection

Fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection
in the US.

 

In a statement, the firm said it plans to "exit most international locations
in Asia and Europe" but to continue to operate in Mexico and Latin America.

 

It expects to close up to 350 stores worldwide, a spokesperson said,
including as many as 178 US stores.

 

The move comes as traditional retailers continue to struggle against rising
competition from online rivals.

 

Chapter 11 protection postpones a US company's obligations to its creditors,
giving it time to reorganise its debts or sell parts of the business.

 

A Forever 21 spokesperson said it expects to have between 450 and 500 stores
globally after this process, down from around 800 currently in operation.

 

Ariana Grande claims Forever 21 'stole' name

Forever 21 accused of 'fat shaming' over diet bars

The California-based firm said it has requested the approval to close up to
178 stores across the US, but provided few details on other markets.

 

"Decisions as to which international locations will be closing are ongoing.
We do not expect to exit any major markets in the US," the spokesperson
said.

 

Last week, the fast-fashion retailer said it would pull out of Japan by
October due to "continued sluggish sales".

 

The retailer sought to reassure its customers in a public letter on Sunday,
saying "stores are open" and "it will continue to feel like a normal day".

 

"This does not mean that we are going out of business - on the contrary,
filing for bankruptcy protection is a deliberate and decisive step to put us
on a successful track for the future."

 

As part of the Chapter 11 proceedings, the firm said it has obtained $275m
(£224m) in financing from existing lenders and $75m in new capital.

 

The firm's Executive Vice President Linda Chang described the moves as an
"important and necessary step to secure the future of our company, which
will enable us to reorganize our business and reposition Forever 21".

 

Founded in 1984, Forever 21 sells inexpensive, trendy clothing and
accessories.

 

The retailer competes with other major high-street brands such as Zara and
H&M.--BBC

 

 

 


 

 


 

INVESTORS DIARY 2019

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


Bindura Nickel Corporation

 

 

 


Padenga Holdings

 

 

 


Delta Corporation

 

 

 


Meikles Limited

 

 

 


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