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This is the lowest growth forecast for SA by a major institution‚ and is much lower than Treasury’s 0.9 percent and the Reserve Bank’s 0.6 percent. JOHANNESBURG — The International Monetary Fund (IMF) has again revised SA’s economic growth forecast for 2016‚ this time to just 0.1 percent from 0.6 percent in April‚ the Fund announced […]
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Business Reporter Caledonia Mining Corporation Plc has set an ambitious annual production target of 80 000 ounces by 2021 at its Zimbabwean mining unit, Blanket mine from 42 800 ounces produced in 2015. Blanket’s target production for 2016 is approximately 50 000 ounces and since dollarisation the mining company’s production has been on a growth trajectory.
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Business Reporter HWANGE Colliery Company Limited is negotiating with Chinese firm, Taiyuan Sanchin Economic and Trade Company to terminate the parties’ build, own, operate and transfer (BOOT) agreement for Hwange Coal Gasification Company.
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Tinashe Makichi Business Reporter The Ministry of Transport and Infrastructure Development is in consultations with Boeing and Airbus over the possibility of coming up with a leasing arrangement to revive the national airliner, Air Zimbabwe.
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Melody Mashaire Business Reporter The Consumer Protection Bill, which will result in the establishment of a Consumer Court and a Consumer Protection Commission, is expected to be introduced in parliament before the end of the year.
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Walter Muchinguri Assistant Business Editor The construction of RioZim’s $20 million Cam and Motor Mine gold processing plant, which will triple production, is on course with at least 55 percent of the work now complete.
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Enacy Mapakame Business Reporter THE equities markets yesterday posted its 13th successive rise driven by gains in Delta although analysts predict a bearish market for July. The mainstream industrial index rose a marginal 0,85 percent to 102 points on thin trading in only three counters.
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Enacy Mapakame Business Reporter PROPERTY concern, Zimre Property Investments Limited (ZPI) will negotiate its rental structures to accommodate the growing small to medium enterprise (SME) sector as voids continue to increase across sectors in the central business districts.
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Dr Gift Mugano Further to last week’s issue which focused on the need to promulgate local content requirement into law, this week’s discussion looks at the institutional framework of the same. By their nature, local content requirements (LCRs) emphasise preferential treatments for local suppliers vis-à-vis foreign goods
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Conrad Mwanawashe Business Reporter AFRICAN airlines are racing to ratify a decade and half old agreement that seeks to promote the indigenisation and liberalisation of African skies in terms of access, capacity, frequency, and tariffs in order to induce connectivity within Africa.
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WASHINGTON. — When Dominic Peacock found out he had been selected for an unpaid summer internship at the National Congress of American Indians here, he looked up the airfare from Albuquerque, rejected the option, and boarded a bus and rode 44 hours.
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The internet is a wonderful thing; you can go to Google for example, type in any topic and get instant answers from anywhere about anything. The reason it works is that the internet is a connection between so many points in the world. It’s like a web – which is why it got the name.
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Business Correspondent Government has reiterated its commitment to clearing it arrears with multilateral creditors while at the same time pledging to compensate former white farmers for land developments as part of its re-engagement process. This came out at Zimbabwe’s first high level investment conference in the British capital, London in nearly two decades yesterday. The conference […]
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A number of French business delegations are expected to visit the country following Minister of Finance and Economic Development Patrick Chinamasa’s recent visit to Paris to negotiate funding support to Zimbabwe This was said by French Ambassador to Zimbabwe Laurent Delahouse yesterday.“We are just back from Paris where I went with Minister Chinamasa. We met with […]
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The Tanzania market presents an opportunity for locally manufactured products in pharmaceuticals, agricultural supplies, construction, engineering, safari clothing and footwear, the ZimTrade survey revealed. According to the findings, the Tanzanian pharmaceutical market has an annual budget of more than US$500 million. While disseminating the results to local companies in both Harare and Bulawayo, Africa Corporate Advisors […]