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Prosper Ndlovu Business Editor THE insurance sector should position itself for big business opportunities offered by the growing global trade in services, which is presently dominated by western-owned conglomerates, Sindiso Ngwenya, the secretary-general of the Common Market for Eastern and Southern Africa (Comesa) has said. The
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FARMERS are demanding a producer price of $400 per tonne and cash upfront for their grain this marketing season, saying the old system has not been working in their favour. Under the old system the Grain Marketing Board (GMB) collected grain from farmers and paid them later but farmers said they want a
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Business Reporter BULAWAYO business executives and labour bodies meet today to deliberate on a range of issues affecting the welfare of workers amid concerns over an increase in termination of contracts as employers downsize operations. The spate of retrenchments has caused fear and anxiety among workers and labour
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Oliver Kazunga Senior Business Reporter CEMENT maker, Pretoria Portland Cement (PPC) Zimbabwe, is targeting producing 700,000 tonnes of cement per year after the commissioning of its Harare plant, which will allow the firm to penetrate the Democratic Republic of Congo (DRC) and Mozambique markets. The company is building a $75 million
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Golden Sibanda Harare Bureau THE Industrial Development Corporation’s subsidiary companies require $40 to $50 million for working capital finance, but tight liquidity and banks restructuring of balance sheets have made access to affordable funding difficult. The units under IDC’s expansive industrial empire, which cuts across a wide
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Oliver Kazunga Senior Business Reporter FOREIGN and local exhibitors have started arriving in Bulawayo ahead of this year’s Zimbabwe International Trade Fair (ZITF), which starts next Tuesday.
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Business Reporters BUDGET airline, Fly Africa could have taken travellers for a ride when it made them believe that its charges for the Bulawayo-Johannesburg route were pegged at $89 for a one way trip.
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Leonard Ncube Victoria Falls Reporter EVERY businessperson has a unique story to tell on how they made a breakthrough to establish their enterprise. It only takes a few determined individuals to see opportunity when others lament over perennial problems and financial constraints.
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SOUTH African retail giant Pick n Pay will invest over R5 billion ($412,4 million) in the next two years as part of its African expansion programme, including in Zimbabwe, aimed at further strengthening the balance sheet and financial performance of the group.
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Business Reporter THE Zimbabwe Power Company (ZPC) says the country will be able to generate an additional 3,500MW of electricity in the next six years through the building of new power plants at a cost of about $5 billion.
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THE name SMEs at times, I think is derogatory. It brands business to remain that small. It’s like saying underdeveloped countries. It makes them remain underdeveloped.
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Senior Business Reporter JOTSHOLO Business Centre in Lupane district could be turned into a modern industrial park if efforts by Amakhosi Cultural Centre director Cont Mhlanga and his partners work according to plan.
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Oliver Kazunga Senior Business Reporter TETRAD Holdings’ board of directors are baying for judicial manager Winsley Militala’s head after he issued an “inaccurate” report that implicated top executives in the more than $25 million unsecured loans — blamed for causing the collapse of the bank.
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Oliver Kazunga Senior Business Reporter HOTELS and up-market lodges in Bulawayo are fully booked ahead of this year’s Zimbabwe International Trade Fair (ZITF) exhibition, which starts next week.
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