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Harare Bureau THE liquidity challenges gripping the country negatively affected returns for pension funds in the fourth quarter of 2013. According to a report by the Insurance and Pension commission for the quarter ended December 31, 2013, contribution arrears grew significantly from
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Happiness Zengeni in Mumbai, India ZIMBABWE’S regulatory bureaucracy is a major deterrent to pharmaceutical investors who want to set up shop or bring goods to the country, industry stakeholders have said. Participants at the Pharmaceuticals Export Promotion Council of India (Pharmexcil) 2014 here
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Harare – Zimbabwe Platinum Mines (Zimplats), of which 87 percent is owned by Impala Platinum, reported a 9 percent increase in revenue to $137.8 million for the quarter to March 31, 2014. Management said the increase in revenue for the period under review
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Business Reporter THE proprietor of Golden Grill Fast Food outlets in Bulawayo, Paul Evans, yesterday said he was an indigenous Zimbabwean who should not be subjected to the requirements of the Indigenisation and Economic Empowerment Act that compels foreign owned businesses to cede
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Farai Rugeje Harare Bureau PREPARATIONS for the 2015 tobacco planting season have started with more than 290,280 grammes of flue-cured seed having been sold by the end of May. The seed sales commenced mid-May at the Tobacco Research Board and the Zimbabwe Tobacco Seed Association.
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Harare Bureau THE Ministry of Home Affairs has taken over the licensing of copper traders to reduce smuggling, Parliament heard yesterday. Home Affairs permanent secretary Melusi Matshiya told the Senate Committee on Peace and Security that previously the ministries of Industry
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Capacity utilisation in the manufacturing sector is expected to decline further this year as firms continue to operate under difficult conditions. Capacity utilisation in the manufacturing sector recorded improvements after dollarisation between 2010 and 2012, but last
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Elita Chikwati Agriculture Reporter Cotton growers are threatening to boycott harvesting their crop if ginners do not come up with a viable producer price. The farmers said it was better to leave the crop to waste in the field than incurring huge costs during picking. Most of the growers said they were expecting
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Malawi tobacco sales have hit over US$80 million in the first eight weeks of trading on the country’s auction floors, the Auction Holdings Limited said yesterday. AHL said in its latest market report that more than 54.3 million kilogrammes of the golden leaf were sold during the
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JOHANNESBURG —A four-month strike in South Africa’s platinum mining industry is hampering growth and threatening efforts to narrow the current-account deficit, according to Lungisa Fuzile, the director-general of the National Treasury. “We are always concerned
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PRESIDENT Vladimir Putin’s showcase economic forum opened in his hometown yesterday amid worrying times for Russia’s economy and pullouts by Western business chiefs over the crisis in Ukraine. Fresh from signing a huge $400 billion gas deal this week with China,
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AFRICA’S second-largest gold producer, Ghana, will stop issuing new gold prospecting permits for an initial 90-day period, while it works on making an inventory of unused concessions, the country’s minerals commission said yesterday. Tony Aubynn, the commission’s head,
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SWEDEN yesterday said it would sue the European Commission over a delay in identifying harmful chemicals in everyday products, which it blamed on chemical industry lobbying. “This (delay) is due to the European chemical lobby, which put pressure again on
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THOUSANDS of protesters marched on a McDonald’s campus that houses its Hamburger University training facility, demanding higher wages for workers. The site of the planned protest was changed after McDonald’s vacated its headquarters in the US state of Illinois after
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