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Posted inStories

End of the road for Bhasikiti

Former Mwenezi East Member of Parliament Kudakwashe Bhasikiti had his case in which he was challenging his expulsion from the Zimbabwe African National Union-Patriotic Front thrown out by the Supreme Court yesterday.

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(234 VIEWS)

Posted by Charles Rukuni July 18, 2015
Posted inStories

Murowa Diamonds production down by half

Murowa Diamonds output fell by nearly 50 percent in the first half of the year, global resources giant Rio Tinto has reported after selling off its controlling stake in the mine last month.

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(278 VIEWS)

Posted by Charles Rukuni July 18, 2015
Posted inStories

DPC says not giving up on Tetrad, to engage potential investors

The Deposit Protection Corporation says it will engage shareholders of Tetrad Investment Bank (TIB) to identify a new investor and save it from total collapse.

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(308 VIEWS)

Posted by Charles Rukuni July 18, 2015
Posted inStories

Mwana Africa ready to engage Zimbabwe government over management changes

Resource group Mwana Africa on Friday said it has engaged the government of Zimbabwe over its recent executive changes and is ready to discuss with it the company’s plans.

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(241 VIEWS)

Posted by Charles Rukuni July 18, 2015
Posted inStories

SABMiller’s Zimbabwe associate revenue falls 10 percent

The local associate of SABMiller has recorded a 10 percent decline in revenue for the first quarter-ended 30 June due to weak demand and price reductions.

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(272 VIEWS)

Posted by Charles Rukuni July 18, 2015
Posted inStories

Takura Capital gets nod to takes over Cairns Holdings

Shareholders and creditors of the struggling manufacturing firm, Cairns Holding have voted in favour of its takeover by private equity firm, Takura Capital after approving its bid for the 63 percent shareholding previously held by the central bank.

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(516 VIEWS)

Posted by Charles Rukuni July 17, 2015
Posted inStories

More CSC property goes under the hammer

Property worth millions of dollars belonging to the state-owned meat processor, Cold Storage Company (CSC) is set to go under the hammer today over unpaid debt to the Bulawayo City Council.

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(263 VIEWS)

Posted by Charles Rukuni July 17, 2015
Posted inStories

Zimbabwe still talking to ESSAR about ZISCO but project stalled by low prices for iron

Zimbabwe is still negotiating with the Indian company Essar the issue ofreviving ZISCO but the talks have been stalled because the world prices of iron and steel are now too low.

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(236 VIEWS)

Posted by Charles Rukuni July 17, 2015
Posted inStories

Zimbabwe 2015 tobacco sales down to 188.5 million kgs

Zimbabwe’s tobacco sales have dropped 8.5 percent to 188.5 million kilogrammes this year after a prolonged drought in the southern African country affected production of its top export earner, an official said yesterday.

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(232 VIEWS)

Posted by Charles Rukuni July 17, 2015
Posted inStories

Import inspection to start on 27 July

Bureau Veritas, the French firm contracted by Zimbabwe to enforce import standards to curb the flow of substandard products into the country, will start operating at the end of this month, industry and trade minister Mike Bhima has said.

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(300 VIEWS)

Posted by Charles Rukuni July 17, 2015

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