Zim lags behind on electricity regulatory index

THE African Development Bank (AfDB) has ranked the Zimbabwe Energy Regulatory Authority (Zera) and Zimbabwe Electricity Transmission and Distribution Company (ZETDC) as having an average level of development due to numerous insufficiencies. BY TATIRA ZWINOIRA Both Zera and ZETDC were among other electricity regulatory bodies surveyed in 15 countries on …

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LIVE UPDATES: Women’s bank official opening

11:36 – Vice President Chiwenga is now invited to give a vote of thanks and present a gift to President Mnangagwa. 11:34 – The President ends his speech by declaring the bank officially open. 11:33 – ED: “Most women live in rural areas and there is need for the bank …

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Lasting solution to cash shortages coming: ED

President Emmerson Mnangagwa has officially opened the Zimbabwe Women’s Microfinance Bank (ZWMB), promising to soon announce comprehensive strategies to alleviate cash shortages in the economy. During the ceremony President Mnangagwa, who was accompanied by the First Lady, Amai Auxillia Mnangagwa, Vice President Retired General Dr Constantino Chiwenga, the Minister of …

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How cryptocurrencies will disrupt real estate industry

CRYPTOCURRENCY has been on a wild ride lately, with massive fluctuations in both directions. The fluctuations understandably make some real estate brokers nervous, but many of us believe that cryptocurrencies are the future of money, and savvy brokers are getting in on the ground floor. As one of the founders …

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South African rate hikes seen as unlikely

JOHANNESBURG. — South African markets are pricing in the possibility of an interest rate hike this year as the rand falls, even though economists say this is unlikely as inflation expectations have not breached the upper end of the central bank’s target range. South Africa’s rand has slumped nearly 9 …

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Professional development critical in real estate agency practice

Property Reporter Those in the real estate sector in the country should consider continuing professional development (CPD) as a strategy to enhance their capacities, an expert has said. This was said by property sector expert Mhlanguli Mpofu in his presentation entitled Continued Professional Development: The Case for Real Estate Practice …

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FTSE dips as fresh trade war fears rattle global markets

LONDON. — British shares retreated in pace with other European stock markets yesterday as investors took note of the bearish sentiment caused by the escalating trade dispute between the United States and China. The FTSE 100 was down 0,9 percent by 0920 GMT, with financials, energy and material stocks weighing …

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CFI still working on reversing Langford sale

Property Reporter Zimbabwe Stock Exchange listed entity CFI Holdings Limited, says it is still working on reversing the sale of one of its assets Langford Estates and has since instituted legal proceedings. Langford Estates was sold to Fidelity Life back in 2015 in exchange of CFI’s $18 million debt. From …

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Real estate’s contribution to economic growth

Francis Chinjekure Own Correspondent Zimbabwe real estate business activities primarily deal with the ownership and transfer of physical properties. Almost all the real estate companies in Zimbabwe provide some common real estate services, which are designed to satisfy the needs of the customers. Some of the essential real estate services …

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Zimre conversion to boost revenue growth

Enacy Mapakame Property Reporter Zimre Holdings Limited (ZHL) says conversion of proceeds from sale of Zimre Centre in Harare towards construction of the Victoria Falls Sawanga Mall, will enhance revenue growth for the firm in the financial year 2019. Conversion of Nicoz House in Bulawayo into student accommodation is also …

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