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Business Reporter ZIMBABWE is set to join 10 other countries in the continental insurance agency, African Trade Insurance, following an injection of a $5 million grant by the African Development Bank towards the country’s membership fees.
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JOHANNESBURG. — Truworths International Limited started talks to buy Office Retail Group Ltd in the latest international offensive by a South African retailer.
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Shelter Change Management Since I broke into management I have always tried to avoid questions relating to my management style. This is because management styles are so hard to categorise. In essence there is no single style of management that can be maintained over time and even situations.
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Listed concern CFI Holdings says it has successfully concluded a Sale and Purchase Agreement and a Debt Assumption and Compromise Agreement to dispose of 81 percent of its property investment company, Langford Estates to Fidelity Life Assurance Ltd.
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Delayed construction of the Batoka Gorge Hydro Electric power plant has resulted in economic losses to Zimbabwe and Zambia of at least $45 billion, the World Bank has said.
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Business Reporter THE African Development Bank has set aside a grant to help Zimbabwe clear its arrears with the continental bank, a development which will put Zimbabwe in good stead to push for debt relief with multilateral and other bilateral creditors.
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Golden Sibanda Senior Business Report THE Zimbabwe Council for Tourism has projected slower growth for tourism due to the impact of value added tax on accommodation for foreign visitors. Finance Minister Patrick Chinamasa introduced VAT on foreign hotel accommodation in January, worsening Zimbabwe’s profile as an expensive
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Clothing retailer, Edgars Stores recorded a $1,2 million net profit for the half-year ending July 11 this year but bemoaned the drop in consumer spending power driven by economic challenges the country is facing.
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Martin Kadzere Senior Business Reporter OILSEED processors in Zimbabwe are bracing for a serious shortage of raw materials following poor yields in cotton and soya beans, an official said yesterday. Only 40 000 tonnes of soya beans and 50 000 tonnes of cotton seed are expected, against the processors’ annual requirement of 350 000
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The June examination results are out and the question on many candidates’ minds is “what does it mean for me and my future?” Today we would like to examine the examiner and find out how the grading process occurs and how to interpret the grades.
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LAGOS. – Africa’s richest man, Aliko Dangote, plans to launch several new cement and sugar plants as well as mines across the continent, accelerating an expansion outside his Nigerian home market and shrugging off a downturn in Africa.
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LONDON. – Banks have at long last built up their balance sheets with enough surplus cash to survive a future downturn – seven years on from the calamitous collapse of Lehman Brothers and the onslaught of the financial crisis.
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Sanderson Abel Saving money is a difficult task for everyone. It is especially difficult for the lower income earners, who usually are the most vulnerable in our communities.
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LONDON – Bankers need to walk a fine line between embracing regulation while remaining innovative and competitive. Striking a balance in bank culture and conduct will be the most challenging of all post-financial crisis reforms.
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Tinashe Makichi Business Reporter Paint manufacturer Astra Industries has re-opened its Chiredzi distillery, NCP Distillers, but the project faces challenges as competition from imports continues to escalate.