The Insider

The local unit of Old Mutual Plc says it has recorded satisfactory results for the first quarter ending March despite rising voids in its property portfolio, chief executive officer Jonas Mushosho said on Friday.

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A 27-year-old man, ironically named Conscience Nleya, impregnated a 12-year-old girl, the daughter of his employer, but got away with 315 hours of community service. Normally having sex with a girl of that age is considered statutory rape even if the girl has consented. Nleya said that the girl was his girlfriend and they intended to start a family.  “I didn’t force or have to persuade her to sleep with me, she did it willingly because we’re in love,” Nleya told the court. “She said she was also prepared to start a family with me and drop out of school.”

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Farm implements manufacturer, Mealie-Brand says it will this year export 25 000 ox-drawn ploughs into the Angolan market driven by the growth and development of agriculture in that country.

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The Zimbabwean economy is going through structural regression, with rapid deindustrialisation, burgeoning external debt, an over 85% formal unemployment rate and nominal growth due to declining investment and a biting liquidity crunch.

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The local unit of international energy firm Total says it expects to maintain its dominance in the country’s fuel industry despite the re-emergence of foreign competition, an official said on Wednesday as government plans to re-introduce mandatory blending.

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The Movement for Democratic Change-Tsvangirai Member of Parliament for Budiriro Costa Machingauta is battling for his life at a private hospital in Harare after viciously being assaulted by suspected Zimbabwe African National Union-Patriotic Front thugs last night.

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Zimbabwe’s tax agency says gross collections in the first quarter of 2015 surpassed the $850 million target by five percent to $896.6 million, buoyed by better-than-expected revenue from value added tax (VAT), individual tax and excise duty.

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World platinum top producer Anglo America Platinum says milled tonnage output at its Zimbabwe unit Unki near Shurugwi was flat at 413 000 ounces in the first quarter ending March 31 compared to the previous quarter.

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Courier service provider DHL Zimbabwe says an increase in tobacco exports to Belgium following  the European Union (EU) easing of sanctions on the country has spurred growth in volumes, and necessitated the company’s expansion.

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