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Zimbabwean firms should boost business linkages with Mauritian firms to increase their exports to that country, an official has said. Increasing Zimbabwe’s exports to Mauritius will also help in shrinking the trade deficit as trade statistics between the two countries show
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Business Reporter GREAT Dyke Investments has embarked on large-scale exploration of platinum deposits in Darwendale where it intends to set up an integrated platinum facility at a cost of $4 billion.
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Business Reporter Southern Africa focused investment company, Cambria’s deputy board chairperson Mr Paul Turner has stepped down from the board resulting in it remaining with two members.
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CAPE TOWN. – Eskom acting chief executive Mr Brian Molefe is upbeat about the energy opportunities that exist in the continent, saying these could be realised through collaborations.
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Tinashe Makichi Business Reporter The Zimbabwe Electricity Transmission and Distribution Company is owed $132 million by Sable Chemicals from $123 million recorded in December last year but the power utility said it will not cut off power supplies to the company because of the strategic standing of the
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Martin Kadzere Senior Business Reporter GOVERNMENT has started reviewing the investment policy framework of the National Social Security Authority to place more emphasis on developmental investments.
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JOHANNESBURG. — Botswana grocer Choppies plans to raise $48 million in a secondary listing on the Johannesburg bourse, it said yesterday
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Matthias Ruziwa and Alyson Martens HR ISSUES “The troubling question is why the occupational safety and health situation does not significantly improve even when professionals of a high calibre like engineers are involved. Many high calibre personnel have also been gravely injured and even died at work”.
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ACCRA. — A RIVAL global money transfer firm has warned against a possible merger between Western Union and Moneygram. Ismail Ahmed, founder and chief executive officer of WorldRemit, said if the Britain’s leading money transfer companies merger goes on
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Felex Share Senior Reporter Zesa Holdings has extended the prepaid meter tender to add an additional 150 000 units following an outcry by prospective bidders that they had not been given enough time to prepare their bids.
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Golden Sibanda Senior Business Reporter TOURISM and Hospitality Industry Minister Engineer Walter Mzembi might join a delegation led by Vice President Emmerson Mnangagwa to China this week to finalise outstanding visa issues with the populous Asian nation.
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Caledonia Mining Corporation says it retains plans to dispose of non-core operations and focus on boosting the capacity of its main asset, the Gwanda-based gold producer Blanket Mine.
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Prices of cereals are starting to go up in some countries in the Southern African region due to low production outlook following a poor rainfall season which resulted in reduced yields, the Food and Agriculture Organisation has said.
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BEIJING. — China’s central bank cut interest rates starting yesterday in the face of inflationary pressure and economic headwinds, but experts say the step should not be interpreted as the start of quantitative easing (QE).
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Golden Sibanda Senior Business Reporter Reserve Bank of Zimbabwe Governor Dr John Mangudya says the lack of competitiveness and negative perception besetting the economy were not a currency problem, but a production phenomenon.