Strong institutions bedrock of economic prosperity

By Victor Bhoroma The most telling story is the journeys travelled by the two Korean states since their border separation in 1950. South Korea has grown to be a world economic super power in the last 30 years, thanks to its strong institutions. Their kith and kin, North Korea is …

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Zimpost eyes big chunk of e-commerce business

By Mthandazo Nyoni In the past year, the quasi-government institution has been opening a new leaf through digitising and migrating its services to the mobile and e-platforms. Recently, it unveiled its new logo which, according to the company’s acting managing director, Sifundo Moyo (SM), speaks to this new business thrust. …

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HDI Youth Marketeers enters Zim

BY BUSINESS REPORTER HDI will be part of advertising agency, TBWA Zimbabwe. It becomes the third business to be established by TBWA Group in Zimbabwe, following the opening of the TBWA creative agency in 2012 and Magna Carta Reputation Management Consultants in 2016. HDI Africa group chief executive officer, Bongani …

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Unki imports bricks from China

BY BUSINESS REPORTER The consignment of 98 tonnes of refractory bricks came via a chartered plane this week. It is understood that a supplier from South Africa failed to meet the requirements, hence the importation of the bricks from outside the continent. The importation of the refractory bricks is an …

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Accountants issue TBs warning

BY FIDELITY MHLANGA TBs are used by government when borrowing from the domestic market to plug the hole caused by a mismatch between revenue and expenditure. They are issued by the central bank on behalf of government and the stock of TBs and bonds was $5,2 billion at the end …

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China’s Xiaomi set to raise $10bn on Hong Kong stock exchange

The Chinese smartphone maker Xiaomi is reportedly seeking to raise at least $10bn (£7.3bn) by floating on the Hong Kong stock exchange, in what could be one of the world’s biggest initial public offerings in years. The IPO, announced in stock exchange filings on Thursday, may be the largest since the e-commerce giant Alibaba listed in …

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Wall Street’s Big Gender Lawsuit Is 13 Years in the Making

Cristina Chen-Oster was settling into her seat for a late-March Broadway matinee of Mean Girls when she remembered to check her voicemail. The day before, she’d ignored a call from an unrecognized number. Now she hit play and heard the voice of her lawyer, Kelly Dermody: “Huge congratulations!” it said. “Really, really, …

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Rosy outlook for Mugabe firm

BY MTHANDAZO NYONI Despite being dethroned, Mugabe could be smiling all the way to the bank after all. An official with Mugabe’s Alpha Omega Dairy (Pvt) Ltd Cassim Asani told NewsDay that capacity utilisation had firmed to 89% from the 60% recorded last year after the dairy firm expanded its …

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fastjet maintains punctuality in Q1

BY BUSINESS REPORTER The airline operates in Tanzania, Zimbabwe, Mozambique, South Africa and Zambia and has taken the lead in many markets, comparing its data with on-time performance statistics published by its peers. In South Africa, fastjet’s punctuality is well ahead of two out of the country’s three low-cost airlines, …

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