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Labour Column Davies Ndumiso Sibanda MANY employers and workers argue at disciplinary hearings on who should and who should not attend a disciplinary hearing and at times it ends up being the basis of a long legal battle between the parties before they look at the merits of a case.
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HE Reserve Bank of Zimbabwe yesterday cancelled struggling AfrAsia Bank Zimbabwe’s operating licence after determining that the financial institution was no longer in a sound financial condition.
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PLANS for the long proposed Batoka Gorge Hydro-electric Power Plant have been expanded to 2,400MW from the initial 1,600MW, an industry official has said.
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Charity Ruzvidzo Business Reporter BULAWAYO companies have joined hands with lobby group Buy Zimbabwe to extend outreach campaign on the importance of buying locally manufactured products to pupils in schools.
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THE Zimbabwe Stock Exchange has made a clean breast regarding last week’s suspension of hotel group Meikles’ shares from trading on the bourse, saying it had not engaged the affected party.
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Oliver Kazunga Senior Business Reporter THE Zimbabwe National Statistics Agency (Zimstat) says the country’s trade balance for last month alone stood at $271.2 million as the value of imported products continues to outpace exports.
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Oliver Kazunga Senior Business Reporter LIQUID Telecom Zambia has embarked on a $5 million optic fibre project linking Victoria Falls-Livingstone and Lusaka to provide retail and wholesale customers along the route with high-speed broadband connectivity.
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AGRO-Industrial concern Zimplow’s $5 million rights issue was undersubscribed, mirroring the depth of the country’s liquidity crunch since adopting the multicurrency regime in 2009.
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LUSAKA — Zambia has relaxed the rule requiring exporters to produce documents from destination countries to claim tax refunds, the revenue authority said, in a move to resolve a row that threatens investment in Africa’s second-biggest copper producer.
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Prosper Ndlovu Business Editor A breakthrough in the creation of Special Economic Zones (SEZs) — a major component embedded in Zim-Asset to drive economic growth – is imminent with Parliament last week adopting a motion paving way for its speedy implementation.
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Business Reporter THE government has engaged a Chinese firm to set up a $100 million manufacturing firm that will provide graders and earth moving machinery to local authorities on credit for road construction and maintenance.
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Oliver Kazunga Senior Business Reporter RIOZIM shareholders have approved the company’s bid to raise $10 million through rights issue that it needs to reopen its defunct Cam & Motoring Gold Mine in Kadoma.
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Business Editor BUSINESSES have expressed readiness to slash prices for goods and services in line with the Reserve Bank of Zimbabwe (RBZ)’s advice to enhance domestic industry competitiveness but say the move requires cushioning from negative cost drivers.
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Business Editor ZIMBABWE exports an average of 10 million litres of fuel to neighbouring countries per month as the country moves to attain regional hub status in fuel trade and transportation.
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