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Business Reporter THE National Social Security Authority (NSSA) will develop 10,000 housing units by 2018 through its new banking arm — the National Building Society — set for opening next month.
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Oliver Kazunga Senior Business Reporter INNSCOR Africa Limited’s division, Simbisa Brands plans to roll out additional Chicken Inn drive through Quick Service Restaurants (QSRs) throughout Zimbabwe as part of its expansion project buoyed by a $2.6 million after tax profit in its maiden financials.
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AT least 33 South African companies will participate in the Zimbabwe International Trade Fair next month as a commitment to cement business relationships between the two countries.
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Bianca Mlilo Business Reporter THE mining sector in Zimbabwe loses up to $10 million annually due to crippling power outages that affect production and viability of the industry, a survey has shown.
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THE government has rejected a proposal by the country’s mobile telecommunication companies to regulate the use of over the top services (OTTs) such as WhatsApp, which they say are eating into their profits, a Cabinet minister has revealed.
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A DEARTH of trust between Kingdom Bank Botswana creditors and liquidator, Deloitte’s Max Marinelli, has seen the relationship between the two parties irretrievably breaking down leading to the resignation of the later.
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Harare Bureau THE government will progressively stagger the reduction of its wage bill to 52 percent from 82 percent of expenditure by 2019, as part of widespread reforms to turn around the economy.
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Richard Muponde Gwanda Correspondent HIGH water and electricity tariffs are frustrating irrigation projects in Gwanda thereby compromising food security efforts in the drought-prone district, an Agritex report has said.
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Prosper Ndlovu Business Editor— ZIMBABWE is expected to register significant improvement in the World Bank ease of doing business ranking this year, riding on the ongoing investment reform processes, an expert has said. According to the World Bank, a high ease of doing business ranking means the regulatory environment is more
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Business Editor A DELEGATION representing 40 South African companies will be in the country this week on an investment and trade mission aimed at cementing economic ties between the two neighbouring countries. South African Deputy Minister of Trade and Industry, Mzwandile Masina, leads the delegation, which will hold
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Bianca Mlilo Business Reporter THE mining industry in Zimbabwe requires about $3.8 billion over the next five years for retooling purposes, a report has shown. Of this figure $1.2 billion is required for supporting business while $2.6 billion is for developmental investments. A survey done by the Chamber of Mines Zimbabwe (COMZ) for 2015
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Lovemore Zigara Midlands Correspondent DIVERSIFIED local firm, Anchor Holdings, is set to rebrand into Sinapis Investment Holdings following a change in the shareholding structure of the company. Anchor Holdings relinquished its 60 percent controlling stake in its flagship company Anchor Yeast last year to French-owned Société Industrielle
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Business Reporter ZIMBABWE has featured among the top countries any first time holiday maker would like to visit alongside Nepal, Maldives, St Lucia, Rajasthan and The Vatican, a survey has shown. This is according to a research conducted on the first trade business day at ITB Berlin 2016, the German Information Centre
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Midlands Correspondent ZVISHAVANE based platinum miner, Mimosa Mine, spent $154 million in the economy as payments to local suppliers and local authorities for the financial year 2014/15. A recent report from the company indicates that of the total $211 million paid out, $28 million was paid to foreign suppliers and $29 million to
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