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Timber industry under threat
Minister Saviour KasukuwereBusiness Reporter Zimbabwe’s timber industry is under threat from seasonal fires, which has become a predictable annual menace with thousands of forestry jobs lost as a...
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Climate change to go beyond adaptation
The Fifth Assessment Report (AR5) of the Intergovernmental Panel on Climate Change holds that rainfall will decline in Southern Africa and that hot days and droughts (such as the one pictured above)...
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TelOne revenue up 8 percent
Mrs Chipo MutasaTelOne’s revenue performance for the first quarter surged eight percent compared to the same period last year, Managing director Mrs Chipo Mtasa has said.Speaking in an interview at the...
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Overdue export receipts hit $250m
Conrad Mwanawashe Business Reporter TOTAL overdue export receipts stood at $251,6 million as at Friday last week representing 5,8 percent of the total export receipts for 2013.Figures obtained by The...
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Uncertainty over Zent equipment
Minister MavhaireGolden Sibanda Senior Business Reporter Uncertainty shrouds the fate of millions of dollars worth of equipment supplied to Zesa Holdings subsidiary Zent Enterprises by Indian firm,...
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Retirement age for men, women
The age at which a National Social Security Authority retirement pension can be claimed varies between 55 and 65 but is the same for both men and women. It tends to be taken for granted by most people...
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Should dividends be paid on borrowed funds?
As reflected by the flat and in some cases poor financial results that have been published by listed companies since the third quarter of 2013, it is clear that corporates are under a lot of distress....
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Foreign investors dominate ZSE
A total of 687,2 million shares exchanged hands on the bourse in the first quarter of this year compared to 560,6 million over prior comparative period, with foreigners accounting for the bulk of the...
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Caledonia bullish about gold target
Caledonia Mining is confident that Blanket Mine will achieve its target of 48 000 ounces of gold this yearBusiness Reporter Caledonia Mining remains confident it will achieve its 2014 target of 48 000...
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Nine banks snap up $103m TBs
Conrad Mwanawashe Business Reporter NINE financial institutions have fully subscribed for the $103 million Treasury Bills floated by the Reserve Bank of Zimbabwe last month with CBZ Bank snapping up...
View ArticleDavid Whitehead saved from liquidation
Martin Kadzere Senior Business Reporter DAVID Whitehead Holdings has been saved from liquidation after the High Court granted a final judicial management order for the company. Mr Knowledge Hofisi of...
View ArticleStrengthening formal, informal sector linkages
Sanderson Abel Literature on the development of the informal sector notes that a key strategy for the promotion of the sector should be the strengthening of its linkages with the formal sector. It...
View ArticleDeforestation cause for concern
Deforestation is a major driver of degradation. It leaves the land bare, making it susceptible to various forms of erosion. Statistics at hand show that the country is losing 330 000 hectares annually...
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BancABC secures $25m loan
Business Reporter REGIONAL bank, BancABC has secured $25 million from Germany-backed African and Trade Investment Fund for on lending to farmers in five countries, including Zimbabwe. In a statement,...
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Econet not selling firm
Business Editor ECONET Wireless has reaffirmed its commitment to its investment in Mutare Bottling Company, seeing through the installation of a $17 million new line and factory investment, which will...
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Delta, traders face off again
Delta has been accused of demanding cash from wholesalers and retailersGolden Sibanda Senior Business Reporter Delta Corporation has renewed hostilities with beverage wholesalers amid allegations that...
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Firm sets up diamond ore processing plant
Tinashe Makichi, Business Reporter Mutare-based miner DTZ-OZGEO (Pvt) Limited is setting up a diamond ore processing plant worth about US$25 million in Chimanimani to be commissioned by the end of this...
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Tobacco prices remain depressed
Business Reporters Prices at the tobacco auction floors have remained depressed resulting in a 15,5 percent disparity with prices recorded during the same period last year. According to the latest...
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Zimplow seeks to consolidate share capital
The proposed consolidation of the company’s share capital should increase the competitiveness of Zimplow’s share price on the market and attract new potential investorsBusiness Reporter— ZIMPLOW...
View ArticleEndurance vital for success
Shelter Chieza Change Management The business world is awash with formulas and recipes of how to achieve success, how to make it to the top, how to get rich quickly (if there is anything like that). So...
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