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Harare Bureau Investors are being urged to prepare a “defensive portfolio” and to be ready to take advantage of the imminent “significant opportunities” that will likely present themselves. Tom Elliott, deVere Group’s International Investment Strategist, said there were opportunities from the International Monetary Fund report which
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Harare Bureau MWANA Africa says sales of nickel in concentrate at Bindura Nickel Corporation rose by 49 percent to 2,072 tonnes in the fourth quarter as refurbished equipment was brought back into operation. The AIM listed miner said mill head grade at BNC was 44 percent higher at 1,669 percent nickel as better
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Oliver Kazunga Senior Business Reporter— LOCAL industries struck gold yesterday with the launch of the Zimbabwe-European Union Business Information Centre (Zim-EBIC) in Bulawayo, which allows them to interface directly with the lucrative EU markets. Industry and Commerce Minister Mike Bimha presided over the historic launch, viewed as a
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Business Reporter THE Beitbridge Bulawayo Railway (BBR) Company has invited tender applications for a $5 million rehabilitation project of the Beitbridge-Bulawayo railway permanent way. In a statement, BBR indicated the successful contractor was expected to start the project this year up to 2017. “BBR invites qualified and
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GOVERNMENT-owned telecommunication companies have no excuse for not declaring dividends given abundant opportunities in the sector, a cabinet minister has said. The government is the sole shareholder in several telecommunication companies which include TelOne, NetOne, Powertel and Zarnet.
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Golden Sibanda Harare Bureau ECONET Wireless has lost a High Court case in which it was contesting demands by a communications industry employment council to register and pay subscriptions to the council. The High Court ruled (under case number HC 2760) that Econet had approached the court with dirty hands as it should have first
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Harare Bureau Self-exiled businessman Mutumwa Mawere has criticised the taking over of the majority stake in Zimre Holdings by a consortium led by Simon Rudlands, saying it reverses the gains of empowerment which have been made since Independence. Mawere, who is a former shareholder in Zimre said the new
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Oliver Kazunga Senior Business Reporter CABINET has approved the principles for the amendment of the National Incomes Pricing Commission Act to transform the National Incomes and Pricing Commission (NIPC) to a National Competitiveness Commission. The NIPC is being transformed so that it specialises on competitiveness issues to address the
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LUSAKA – Zambia’s cabinet approved changes to the controversial mining royalties on Monday after the finance and mines ministers proposed amendments, the president’s spokesperson said. “This follows extensive consultations with the mining industry in the light of significant changes in the fundamental assumptions
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Business Reporter The Zimbabwe Institute of Management will today host the 2014 southern region manager of the year awards aimed at promoting best management and leadership practices at senior and executive levels. This year’s awards will be held under the theme “quality improvement, a key driver to enhancing
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From Leonard Ncube in Victoria Falls THE 13TH edition of the Innovation Africa Digital Summit (IAD) officially opened here yesterday with calls for transforming Zimbabwe into an Information Communication Technology (ICT) manufacturing hub. More than 500 delegates from 45 countries worldwide are attending the summit whose aim is to share
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Harare Bureau ZIMBABWE’S inflation marginally thawed but remained in the negative in the month of March as the annual inflation rate gained 0.19 percentage points to -1,20 percent. Figures from the Zimbabwe National Statistical Agency show that the annual rate of inflation for March improved slightly from -1,40 percent in
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Molline Gagare Business Reporter A HARARE-based company, Peach and Brown Wholesalers, is spreading its wings to Bulawayo with indications it will open its first branch in the country’s second largest city this month end. The company already has branches in major towns such as Kwekwe, Zvishavane, Mutare and Masvingo. Mashavira
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Senior Business Reporter THE Bulawayo City Council’s commercial subsidiary, Ingwebu Breweries, plans to wean off more of its liquor outlets dotted across the city and place them under private franchise. Ingwebu has been running the franchise programme since 2011 as it had to contend with operational challenges and declining
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