Electrical rewinding firm spreads wings
Business Reporter ONE of the country’s biggest indigenous manufacturers of electrical components, Leaford Electric Rewinds, has embarked on a diversification drive, which has seen it opening an...
View ArticleLate onset of rains delays soyabeans crop
The late onset of the rains has delayed planting of soyabeans, a situation which may result in reduced yields. Ideally, soyabeans should be planted from November 15 to December 15 after the first...
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No crisis, says Eskom boss
Mr MatonaJohannesburg. — The leader of South Africa’s sole power utility sees no crisis at his company even as it struggles to meet demand and forecasts a high risk of rolling blackouts in February and...
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Management shake-up at BancABC
Mr MunatsiBusiness Reporter ABC Holdings group chief executive Mr Doug Munatsi and four other directors will soon step down from their positions in the group to make way for a new executive team to be...
View ArticleOil drops to five-year low
LONDON. — Brent crude oil fell almost $2 a barrel yesterday to a new five-year low on predictions that oversupply would keep building until next year after Organisation of Petroleum Exporting Countries...
View ArticleNRZ to ink $650m deal
Martin Kadzere Senior Business Reporter THE National Railways of Zimbabwe is on the verge of concluding a $653 million loan with the Development Bank of South Africa for recapitalisation. “The rail...
View ArticleCottco in talks with creditors
Business Reporters COTTCO Holdings has engaged its creditors and lenders for a scheme of arrangement on how the group can retire its $48 million debt and turn around the business’s waning...
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Soldier on, never give up
When chasing a goal its important to soldier on and never give upNyaradzo Mavindidze Motivation for Success Year end is upon us and it’s a bitter sweet experience for most people as they look back at...
View ArticleHwange coal output goes up 60 percent
Business Reporter HWANGE Colliery Company Ltd has increased coal output by more than 60 percent over the past three months after Mota-Engil, a company contracted by the coal miner, started mining on...
View ArticleAll hands on deck in 2015
Victoria Ruzvidzo Business Focus The year 2014 is drawing to a close and how timeous it is to look back and introspect. Progress in the economy has not happened at the pace we had envisaged. We did not...
View ArticleOil falls on oversupply, lacklustre demand
LONDON. — Brent crude oil slipped below $66 a barrel yesterday, just above a five-year low, on mounting signs of oversupply and lacklustre demand as global economic growth falters.The price of the...
View ArticleIndigenous butcheries muscled out
Tinashe Nhari Business Reporter At least 240 indigenous butcheries have closed since January as a result of stiff competition from private abattoirs that have opened retail shops, the National...
View ArticleZimbabwe set to join ATI
Business Reporters ZIMBABWE is set to join the Africa Trade Insurance Agency with $5 million already set aside for membership fees as it seeks to open up access to lines of credit and foreign...
View ArticleUnderstanding TIPs for visitors’ vehicles
We have come to that time of the year again, the festive season, when our relatives and friends living abroad come home to visit. Some will bring their vehicles for ease of travelling from one place to...
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BAZ welcomes bond coins
Business Reporter The introduction of bond coins will restore good pricing models and reduce problems associated with lack of change, which has been forcing consumers to buy unwanted goods, the...
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Parastatal clean-up on the cards
Minister ChinamasaBusiness Reporters GOVERNMENT is set to undertake a “thorough” audit of some State enterprises to identify their operational challenges before implementing public enterprises...
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Edgars launches hospital cash plan
The Edgars Hospital Cash Plan pays out a maximum payout of $3 000 per claim and $6 000 per year with adults getting $100 and $50 for children for each day that you are hospitalised for more than 48...
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HATCH Global to lead Trojan restart
Funds for the restart of the Trojan smelter would come from proceeds of a $20 million bond and $6,5 million mobilised from internal resourcesGolden Sibanda Senior Business Reporter BINDURA Nickel...
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More load shedding looms for Sadc
Oliver Kazunga and Happiness Zengeni in Victoria Falls SADC should brace for increased electricity load shedding between now and 2018 due to lack of investment and implementation of regional power...
View ArticleNissan NP300: Proving its worth
Tinashe Makichi Motoring Reporter The Nissan NP300 Hard body is one of the legends of the Sub Saharan African light commercial vehicle market. Its rugged build quality and engineering means the Nissan...
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