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NTS records fall in profits
NTS said margins were squeezed as price influenced purchasing decisions across all market segments within a crowded marketBusiness Reporter Listed tyre retailer National Tyre Services recorded a 60...
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Pioneer Transport revenues stagnant
Pioneer is in the process of replacing crucial collection and delivery fleet under the swift business and has added 16 new taut liner trucks and trailers which have been serving the tobacco and sugar...
View ArticleGBH records 36 percent decline
Business Reporter CHEAP imports, which pay zero percent duty and a poor performance by General Beltings have combined to put pressure on Zimbabwe Stock Exchange-listed GB Holdings’ performance....
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Zim-Asset: Conducive platform for greening the economy
Jeffrey Gogo Climate Story THE green economy concept is gaining traction worldwide, principally as a design to combat future climatic changes, but also as a sustainable model for simultaneously...
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Makomo Resources plans 600MW plant
Makomo Resources, intends to build a 600 megawatt plant in Hwange starting next monthMartin Kadzere Senior Business Reporter MAKOMO Resources, Zimbabwe’s second largest coal miner intends to build a...
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FLAZ expects full subscription of bond by month end
Simon ChaperekaBusiness Reporters Fidelity Life Assurance of Zimbabwe Limited is expecting its $5 million bond issue to be fully subscribed by the end of this month as many investors have expressed...
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Seed Co equity capital to slush funding costs
Business Reporter SEED CO will receive the last tranche of capital amounting to $28 million from its US technical partner Limagrain before end of year under an equity deal valued at $40 million. The...
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Barclays launches point of sale machines
Barclays managing director Mr George GuvamatangaBusiness Reporter Barclays Zimbabwe officially launched its recently introduced Point of Sale (POS) acquiring devices last week in Victoria Falls....
View ArticleSamsung shifts axis on budget smartphones
SEOUL – Samsung Electronics confirmed that it has been cutting its reliance on sales of pricey mobiles to meet the growing demand for budget smartphones in emerging markets. But that doesn’t...
View ArticleChina recovery fragile, says Barclays
BEIJING – The latest economic data out of China was not enough to convince analysts at Barclays Capital in Hong Kong that China is firmly on the road to recovery. Yesterday, the National Bureau of...
View ArticleMeikles posts $37m profit
Business Reporter Listed diversified group, Meikles Limited posted an after tax profit of $37,1 million for the full year to March 2014 from $6,5 million the prior year largely due to a huge jump in...
View ArticleZimre forecasts $150m turnover
Tinashe Makichi Business Reporter Zimre Holdings Limited is forecasting a turnover of about $150 million by the end of this year as the company targets increased earnings from the disposal of non-core...
View ArticleImportance of repaying bank loans
Sanderson Abel Business Correspondent Financial institutions are a major source of funding that individual and organisations can borrow to finance personal and business issues. However, all borrowings...
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ZIA to improve FDI stats
Mr Mbaiwa.Conrad Mwanawashe Business Reporter Government and its technical partners have established a technical team to collect Foreign Direct Investment statistics in the country, an official has...
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NSSA petitions High Court on Capital Bank liquidation
of financial and econometric depth from their investment boardConrad Mwanawashe Business Reporter THE National Social Security Authority has petitioned the High Court for the liquidation of Capital...
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ICSAZ introduces new ECG Awards category
Business Reporter The Institute of Chartered Secretaries and Administrators in Zimbabwe has announced there will be a special award category for financial institutions in this year’s Excellence in...
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Finance minister looks to patch up Zimbabwe
Minister ChinamasaZimbabwe’s economy is on the verge of recession, with low consumer demand and a liquidity crunch putting its businesses under strain. Against this backdrop, Finance Minister Patrick...
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Stop cash leakages
Business Reporters MOST foreign-owned firms and weak cash movement laws in Zimbabwe could be blamed for the tight liquidity conditions prevailing in the economy, analysts have said. Analysts said...
View ArticleMergers loom in insurance sector
Walter Muchinguri Assistant Business Editor The Insurance and Pensions Commission has revealed that only 12 out of 25 operating insurance companies had complied with the minimum capital requirement of...
View ArticleThe second half will tell!
Victoria Ruzvidzo Business Focus The first half of the year has come and gone. July 1 marked the beginning of the second half but it goes without saying that most of the economic targets set by...
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