ZimAlloys deal still alive: Balasore

Martin Kadzere Senior Business Reporter Indian firm Balasore Alloys said yesterday the deal to acquire 70 percent shareholding in Zimbabwe Alloys Limited was still on despite claims by judicial manager Reggie Saruchera this week that he had terminated the $90 million transaction. Responding to Saruchera’s statement, Balasore maintained that nothing …

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Human error to blame for road carnage

The road has become the greatest loud silent killer of our time. It killed yesterday. It is killing today. It shall kill tomorrow unless we mount accelerated counteraction yesterday! What defeats common sense is that most of the road crashes are the result of human error. In fact, 93,4 percent …

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Paying water bill right thing to do

For years, making water users pay for the service they receive from water utilities such as Zinwa or urban local authorities has been a daunting task. Many water users do not believe in the need to pay for the resource despite the critical role water plays in the lives of …

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Zimpost scoops gold award at ZITF 2018

New Zimpost logo  unveiled at ZITF Zimpost has evolved over time from being a provider of predominately manual and low technology service provider to an entity that offers a wide range of technology driven services. Zimpost is opening a new leaf to be a digital entity through introduction of new digital …

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9 cool things about new Toyota Corolla

The world’s top-selling car has come in for a radical overhaul for its latest generation. Here are just some of the reasons you should pay attention.  Design The dreary, cardigan-like Toyota Corolla of old has been replaced with a sharp, sophisticated design boasting sculpted extremities and fine attention to detail. …

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Knives out for AMA

Livingstone Marufu Business Reporter Farmers have called for an overhaul of the country’s agriculture regulatory board, the Agriculture Marketing Authority (AMA), saying it has repeatedly failed to address the chaotic marketing of cotton. This comes amid revelations that cotton contracted by Government was under threat as some private companies that …

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Forex shortages leave Delta ‘frothing’

BY FIDELITY MHLANGA “The company registered a strong performance in a difficult operating environment. “Despite difficulties with foreign remittances, we maintained our selling prices and held down costs to deliver good returns to our shareholders. “Together with our value chain partners, we ensured that our consumers continue to enjoy their …

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Chinamasa looks at Zisco debt with rose tinted glasses

BY TATIRA ZWINOIRA In a second reading of the Zimbabwe Iron and Steel Company (Debt Assumption) Bill during a late sitting of Parliament on Wednesday evening, Chinamasa explained measures to stop Zisco’s debt weighing government down. “It has been agreed with the Ministry of Industry, Commerce and Enterprise Development that …

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Swedes show interest in Zim

By Fidelity Mhlanga ND: May you tell us briefly about the Swedish companies that visited Zimbabwe last week? SC: The delegation was led by the Swedish-Southern Africa chamber of commerce (SSACC). The other companies represented include: Confidere — offers project management services for operations and projects in Sub-Saharan Africa. Swedfund — Development …

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Monthly gold output glitters

BY MTHANDAZO NYONI Data from the country’s sole gold buying unit, FPR, shows that the small-scale mining sector has maintained its production dominance over primary producers, as the sector produced 1,9 tonnes in April. Large-scale miners delivered 983kg of the yellow metal. Between January and April 2018, cumulative gold output …

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