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Conrad Mwanawashe Business Reporter— Gold production registered a 25 percent growth in the first quarter of the same period last year to boost the mining sector’s growth for the period to $452 million in value terms. Chamber of Mines chief executive officer Mr Isaac Kwesu said the first quarter is looking better than the comparative period last
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Rumbidzai Zinyuke Business Reporter THE AICO Share Trust has signed an agreement with a foreign investor who is set to take over the Trust’s shareholding in Olivine Holdings limited. The deal is with an Asian company Wilmar International, a firm which also has an interest in Surface Investments. In a letter to Olivine employees seen by The Herald
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Business Reporter Cimas Medical Aid Society has put in place measures to ensure that all drug claims are processed expeditiously. This follows its decision to suspend its online drug payment facility as a result of an upsurge in fraudulent claims. In addition, claim forms are being collected twice a day from designated collection
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Business reporter A continued change in the mix from mainstream beer towards low cost and premium brands saw Delta’s revenue for the full year to March decline 4 percent to $575 million. Finance director Matts Valela told a briefing last week Wednesday that there was a general volume decline in favour of lower priced products.
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The National Gallery of Zimbabwe Thomas Meikle Library will tomorrow be presenting its success in implementing an Information Technology Resource Centre that is currently providing much needed information in the Zimbabwean arts sector to the people.
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Business Reporter THE Zimbabwe Tourism Authority says its operations have been seriously hamstrung by funding limitations, forcing the authority to suspend participation at a number of major global travel market events.
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Jeffrey Gogo Climate Story ENERGY regulator, ZERA, plans to toughen energy laws and set up a $100 000 solar testing laboratory later this year to guard against the proliferation of fake solar equipment. The laws will make it difficult for importers and retailers to deceive consumers, or anyone else, says Zimbabwe Energy Regulatory Authority
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Jeffrey Gogo Climate Story ENERGY regulator, ZERA, plans to toughen energy laws and set up a $100 000 solar testing laboratory later this year to guard against the proliferation of fake solar equipment.
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Martin Tarusenga The Herald Business edition of April 30 2015 reported the Vice President Emmerson Mnangagwa announcing to the International Business Council that Government will by August 2015 produce a National Competitiveness Assessment Report.
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Business Reporter POWER utility Zesa Holdings has pleaded with workers to accept a grossly diluted salary arrears offer arguing implementing the order from a collective bargaining arbitral award would leave it with close to $1 billion deficit.
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Business Editor Manufacturing company Unilever has appointed South African James Todd to head the organisation in an acting capacity pending the disciplinary hearing of the company’s top management, which is currently under suspension.
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Business Reporter A GROUP of small European shareholders, including former directors, are seeking the removal of four key non-executive directors from the Mwana Africa board and replacing them with four other people including a former director who was unanimously removed from the
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Dr Gift Mugano Government in October 2013 unveiled a five year economic blue print known as the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset).
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Business Repoorter Econet Wireless has announced that it has upgraded its Econet Connected car platform to meet the increasing demand for the recently launched fleet management system.
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Conrad Mwanawashe recently in Bulawayo MAIZE-meal imports have taken up 55 percent of the local market share, forcing grain millers to produce only about 30 percent of their total production and threatening about 8 000 jobs in the sector following the slowdown in production capacity.