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Contractors body taking indigenisation to new level
Carter Mavhiza Business Correspondent The greater part of 2013 was marked with different streams of proclamation relating to the Government policy on indigenisation. The media was awash with comments...
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Marketing essential for SMEs growth
Sanderson Abel Business Correspondent The importance of marketing to any business venture cannot be underestimated. It is a disservice to customers when businesses have something to offer that they...
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Murowa production falls 12pc
Production at Murowa fell in the quarter to March 2014 due lower ore grades and excessive rainsBusiness Reporter RIO Tinto, the world second largest miner said production at its Zimbabwe’s diamond...
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DTZ diversifies business portfolio
Business Reporter Mutare-based miner DTZ-OZGEO (Pvt) Limited has started exploring for diamonds in Chinyadadze area in Buhera, a company official said. The company has also extended its footprints by...
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Deflation or price correction?
Business Reporters Zimbabwe’s annual inflation maintained a downward spiral shedding a further minus 0,42 percentage points in February to minus 0,91 percent in March as liquidity and diminishing...
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Govt mulls amending ZIA Act
Mr Richard MbaiwaGolden Sibanda Senior Business Reporter Government is mulling amendments to the Zimbabwe Investment Authority Act to give legal effect to the institution as the “first and primary”...
View ArticleNestle, CZI to host forum
Nestlé Zimbabwe in collaboration with the Confederation of Zimbabwe Industries (CZI) will host a “Creating Shared Value” Forum on Wednesday 14 May, 2014 at the Wild Geese Lodge in Harare. The Creating...
View ArticleSouthern Union Reinsurance resumes operations
Business Reporter ZIMRE Holdings Limited’s South African subsidiary Southern Union Reinsurance has resumed operations although it still needs to be recapitalised. Zimre’s chief operating officer Mr...
View ArticleIPEC reviews annual commutation
Business Reporter Pensioners who retired after April 1 this year, and are supposed to receive a maximum annual pension of $30 a month or $360 per annum, now have the option to fully commutate their...
View ArticleZimplats conducts study for new mine
Tinashe Makichi Business Reporter The country’s largest platinum miner Zimplats is conducting a bankable feasibility study for its new Portal 5 mine scheduled for completion by 2019. Exploration stage...
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Antelope Game Park the place to be
Isdore Guvamombe Tourism Matrix On the outskirts of the City of Gweru is a 3 000-acre private game sanctuary, the Antelope Game Park, a haven of tranquillity set in the African bush. The game park...
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Tight-rope for Zimra
Albert Norumedzo In the Money Zimbabwe’s informal sector is estimated at over US$6 billion, having gone in rapid growth mode as the constrained economic trajectory gradually shrivelled the employment...
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AMA to issue bills for GMB
Conrad Mwanawashe Business Reporter The Agricultural Marketing Authority of Zimbabwe intends to issue bills to raise funds for the Grain Marketing Board to pay maize farmers and rehabilitate silos. GMB...
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Insurance, banking units lift Old Mutual profits
Happiness Zengeni Business Editor Insurance and banking units contributed the most to the near 2 000 percent bottom-line uplift of Old Mutual Zimbabwe in the year to December 2013. The indigenised...
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ZPC deal hangs in balance
Hwange power plantMartin Kadzere Senior Business Reporter ZIMBABWE Power Company may re-tender bids for Hwange Thermal Power Station expansion, nearly a year after naming China Machinery Engineering...
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Dendairy seeks $6m for heifer project
Business Editor Local dairy firm, Dendairy is lobbying for offshore funding for a heifer project that would require $6 million over the next five years. Dendairy director Mr Darren Coetzee said the...
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NMB to issue another SME bond
Conrad Mwanawashe Business Reporter NMBZ is set to issue another tranche of Small to Medium Enterprises bond following interest from investors and will use other financial sources to beef up the purse...
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Fix infrastructure before SEZ
Zimbabwe’s infrastructure requires about $18 billion to modernise as the current state undermines competitiveness and discourages investors, UNDP economic adviser Mr Amarakoon Bandara told a special...
View ArticleCalculating benefits
The national pension scheme is intended to provide a pension or grant for contributors in their old age and a pension or grant for the surviving dependants of a contributor or pensioner who has died....
View ArticleLiquidity crunch fuelling deflation: Analysts
Conrad Mwanawashe Business Reporter The liquidity challenges prevailing in the economy have caused a squeeze on local demand and are adding to deflationary pressures, equities analysts say. An equities...
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