ZIMBABWE’S RESERVE Bank is holding meetings with key stakeholders about the introduction of a new currency next year, according to The Herald. This is designed to ease money circulation and reduce the need for higher denominated notes due to hyperinflation. MOL ties up logistics deal ALAN PEAT THE SHIPPING group MOL and Kintetsu World Express have done a logistics and shareholding tie-up – intended to expand this alliance’s services in both air and sea forwarding. In the capital alliance, MOL has acquired about 5% of KWE’s outstanding stock, and KWE has purchased about 25% of the outstanding shares of the MOL subsidiary, MOL Logistics. This is not expected to have any effect on the companies’ SA operations – certainly at this stage of the logistics alliance, which seems to be confined to Japan.
