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Vic Falls mall 65% complete

ZIMRE Property Investment (Zimre) has so far spent $9,2 million on its shopping mall in Victoria Falls which is now 65% complete. BY MTHANDAZO NYONI Providing above 5 000 square metres of lettable space, the $13 million Sawanga Shopping Mall consists of 23 shops, banks, concept houses, food courts, restaurants, …

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Cassava Smartech unveils education insurance cover

Cassava Smartech has launched an education insurance cover product called Enda Education Cover, an official has said. By Freeman Makopa The launch of the Enda Education product, which is underwritten by Econet Life, Cassava Smartech’s Insurtech arm, offers a school fees benefit for primary and secondary education in the event …

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New cruise boat for Vic Falls

Leonard Ncube in Victoria Falls SHEARWATER Adventures has acquired a 100-seater up-market cruise boat to cater for executive tourist clientele. The two-deck boat was manufactured by a Bulawayo company at a cost of about $500 000 and is already in Victoria Falls ready for use on the Zambezi River. Shearwater …

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Potraz donates computers to disabled

Michael Tome Business Reporter Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) on Wednesday donated 59 laptop computers and other ICT accessories to four institutions that house people with disabilities. Among the beneficiaries were; Karoi High School, Dorothy Duncan, McKuertuan Primary School and Jairosi Jiri. Postal and Telecommunications Regulatory Authority …

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LPG shortages due to forex: ZERA

Enacy Mapakame Business Reporter The Zimbabwe Energy Regulatory Authority (ZERA) says the obtaining foreign currency challenges are to blame for the shortages in liquefied petroleum gas (LPG) at a time its consumption is on the increase countrywide. This has also resulted in increases in its price of the commodity with …

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Govt to screen second-hand vehicles

Leonard Ncube in Victoria Falls GOVERNMENT is working on a policy to screen all second-hand vehicles to make sure they meet minimum standards before they can be imported into the country, a Cabinet minister said yesterday. Officially opening the Motor Industry Association of Zimbabwe (MIAZ) annual congress here on Wednesday …

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Axia goes to bed with Restapedic

AXIA Corporation has acquired a significant stake in one of the suppliers of its subsidiaries, Restapedic Bedding, the chief executive John Koumides has said. BY FIDELITY MHLANGA Koumides said at a time a lot of businesses were struggling to keep afloat, the company believes there were still opportunities to explore. …

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Zim missing out on mineral benefits

SHORTLY before Finance minister Mthuli Ncube delivered his maiden National Budget statement in Parliament, Bulawayo city was showered with rains. The Botswana pula, a strong and stable currency which literally means rain, immediately came to mind. Was this a good omen for Zimbabwe, a mineral-rich country like Botswana, but with …

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Govt to scale back on command agric funding

FINANCE minister Mthuli Ncube says government will scale back its participation in the specialised farmer support programme command agriculture and rope in the private sector to provide financing as Treasury seeks to cut back spending on costly subsidies. By Business Editor Under the programme, government has been providing seed, fuel, …

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Govt rules out retrenchment

Government is not considering retrenchment in the civil service as a cost cutting measure due to lack of financial resources to fund such an exercise, a senior government official said yesterday. Wages in the civil service take up to 90 percent of Zimbabwe’s national  budget, leaving little for investment in …

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