Time to trim the fat
Shelter Chieza Change Management Former heavyweight champion Mike Tyson summed this up when he said “Everybody has a plan until they get punched in the mouth”. When he was asked to explain his...
View ArticleGold nudges up, but remains in doldrums
LONDON. — Gold rose yesterday, recouping some strength after two days of losses but remained near its lowest in seven weeks on expectation of strong jobs data in the world’s largest economy. Spot gold...
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Tourism underfunded, says ZTA
Mr KasekeGolden Sibanda Senior Business Reporter The Zimbabwe Tourism Authority has blamed the poor marketing of the country as a prime tourist destination on acute shortage of funds saying only $50...
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Govt won’t alter 99-year leases: Mombeshora
Minister MombeshoraBusiness Reporter Government will not amend the law to make 99-year leases commercially transferable just to suit the interest of banks. Minister of Lands and Rural Resettlement...
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Econet starts loan roll out
Mr Cuthbert TembedzaBusiness Reporter ECONET Wireless prepaid service subscribers are now able to access a maximum of $500 worth of loans using cell phones under Econet’s mobile phone savings account....
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Sefalana, starafrica deal collapses
Business Reporter BOTSWANA Stock Exchange listed Sefalana Holdings bid to buy starafrica corporation’s 33 percent stake in Tongaat Hullet Botswana collapsed after the parties failed to agree on price,...
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ABCH plans +$200m debut euro bond
Finance and Economic Development Minister Patrick Chinamasa (left) addresses journalists as Atlas Mara chief executive Mr Bob Diamond (second left), Mr Ashish Thakkar and Finance and Economic...
View ArticleMicrosoft launches ‘Cortana’ smartphone assistant
SAN FRANCISCO. — Microsoft on Wednesday took on Apple’s Siri and Google Now with a smartphone personal assistant dubbed “Cortana.”Windows Phone vice president Joe Belfiore introduced Cortana onstage at...
View ArticleLonmin CEO claims workers want to end strike
JOHANNESBURG. — Most of the strikers at world number three platinum producer Lonmin want to return to work amid a crippling walkout now in its third month, the firm’s CEO claimed yesterday.“Most...
View ArticleSA $18bn rail plan lifts mining exports
Johannesburg. — In more than 40 years driving trains in South Africa, Jacobus Cornelius van der Merwe has never seen anything like the Shongololo.The train, whose name means millipede in Zulu, carries...
View ArticleZim economy: The silver lining
Albert Nomuredzo In the money Confidence is an essential part of the investment decision making process; in fact it is the fabric behind any deliberate action undertaken by man. On the other hand,...
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Why interbank won’t work
Happiness Zengeni Not that there was a dearth in issues to talk about but the December financial reporting season had kept the writer busy. There wasn’t a flurry of results in the truest sense of the...
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Cairns completes business evaluation
Golden Sibanda Business Reporter CAIRNS Holdings Limited has completed evaluating its business in preparation for a fresh capital injection by prospective investor, Vasari Global Limited.It was not...
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QV slowly getting out of the woods
Tinashe Makichi Business Reporter QV pharmacies is set to be placed under final judicial management after the company recorded a slight increase in gross profit for the two months ending 28 February...
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Nyemudzo takes over as CBZ CEO
Business Reporter CBZ Holdings Limited has appointed Mr Never Nyemudzo to the position of group chief executive effective May 1 2014 after outgoing CEO Dr John Mangudya was elevated to take charge at...
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Econet under probe
The Competition and Tariff Commission is investigating Econet over charges of unfair business practices levelled against it by banksBusiness Editor ECONET Wireless Zimbabwe has again attracted the ire...
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REA in Mat South
Ngonidzashe Chiutsi Business Correspondent THE Rural Electrification Agency (REA) has electrified more than 745 public institutions in Matabeleland South province since its formation in 2002, an...
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ZITF to attract more livestock
Farming Reporter THE Zimbabwe International Trade Fair’s agricultural exhibition, which is organised by the Bulawayo Agricultural Society (BAS), will this year attract more livestock and crop produce...
View ArticleMarket linkages vital
Vandudzai Zirebwa Buy Zimbabwe The National Economic Consultative Forum held its steering committee this past week with the major focus being the need for the private and public sectors to take...
View ArticleVolsec scores a first
Business Reporter Volsec Security Company became the first and only security company in Africa to be certified in three international standards by the Standards Association of Zimbabwe.The security...
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