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Johannesburg — The rand was steady at firmer levels yesterday morning as traders awaited the release of US gross domestic product (GDP) figures — due later in the afternoon. The first-quarter GDP figures are expected to show the negative effects of the cold weather in the
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Pamela Shumba Senior Reporter Banks and financial institutions are failing to access international lines of credit because they owe external creditors an excess of $5, 5 billion, Bankers Association of Zimbabwe head of strategy, marketing and business development Joseph Mvereka said yesterday.
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Chronicle Reporter Zimbabwe’s manufacturing sector has been hard hit by an influx of cheap imports and is now operating at an average of 36 percent capacity utilisation, the deputy minister of Industry and Commerce, Chiratidzo Mabuwa has said.
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Oliver Kazunga Senior Business Reporter LOW off-take marred yesterday’s incentive travel workshop which was a major highlight of the A’sambeni Africa Tourism Fair that runs concurrently with the on-going Zimbabwe International Trade Fair (ZITF).
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Molline Gagare Business Reporter TELEPHONE service provider, TelOne and the National University of Science and Technology (Nust) yesterday signed a Memorandum of Understanding to establish a framework for research collaboration activities aimed at increasing growth in the information
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Chronicle Reporter ZIMTRADE is ready to participate at the 56th edition of the Zimbabwe International Trade Fair which began in Bulawayo yesterday. ZimTrade’s participation theme at the international trade showcase is “Energising Zimbabwe’s Export Growth”.
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Oliver Kazunga Senior Business Reporter— THE influx of donated drugs and imported health products is responsible for the collapse of the local pharmaceutical industry, a leading industrialist said yesterday. Speaking during a tour of industries in Bulawayo by Industry and Commerce Deputy Minister Chiratidzo Mabuwa yesterday, Datlabs’ chief executive
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Molline Gagare Business Reporter THE Finance and Real Estate sector tops the list of establishments that use the Information and Communication Technology (ICTs). A business survey conducted by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) in collaboration with Zimbabwe National Statistics Agency
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Oliver Kazunga Senior Business Reporter ZIMBABWE’S largest gold producer, Metallon Gold Corporation targets to increase output to 150,000 ounces this year from 99,000oz in 2014 driven by a number of expansion projects. The private gold mining and exploration group owns five underground mines in Zimbabwe with exploration assets in Tanzania
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Walter Mswazie Masvingo Correspondent THE Great Zimbabwe University (GZU) is engaging industry players seeking to forge linkages aimed at exposing graduates to what to expect when they complete their studies. University spokesperson Anderson Chipatiso said partnerships between universities and companies were strategic towards creating a
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Martin Kadzere Harare Bureau LOBEL’S chief executive Ngoni Mazango has left the company after a fall out with the board due to a contractual disagreement over a 10 percent equity that he was supposed to receive for turning around the country’s second largest bakery, our Harare Bureau can reveal. In an interview, Mazango, who joined the
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Martin Kadzere Harare Bureau ZIMBABWE’S largest day old chicks producer Irvine’s plans to increase production by 66 percent in the next two years following a $7 million investment in its poultry value chain. The company is currently supplying 600,000 day old chicks per week and could go up to as much as one million by 2017, processing
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Harare Bureau ATLAS Mara has dangled a “cash on delivery” carrot to minority shareholders who did not respond to its earlier offer to acquire shares in ABC Holdings. The group wants to entice 2,841 minorities who did not respond to its earlier offer and these hold a total of 3 351,280 shares. “Notice is hereby given that […]
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Oliver Kazunga Senior Business Reporter TETRAD Investment Bank creditors have given the judicial manager Winsley Militala two weeks to meet the bank’s potential investor to determine if the troubled institution could be saved. The High Court placed Tetrad under provisional judicial management in January to safeguard the interests of depositors
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