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Zimplats profit down 88pc

HARARE – Zimbabwe’s largest platinum producer Zimplats profit after tax slumped by 88 percent to $3,9 million in the half year to…

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GEM ups RioZim stake

HARARE – RioZim’s largest shareholder, Gem RioZim Investments Limited (GEM), has increased its shareholding in the listed mining group from 24,97 percent…

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Another Telecel blow for Mutasa

HARARE – Zimbabwe’s High Court has dismissed businesswoman Jane Mutasa’s bid to block the sale of Empowerment Corporation (Private) Limited (EC)’s 40…

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AfrAsia Bank collapses

HARARE – Troubled AfrAsia Bank Zimbabwe Limited (ABZL) has surrendered its banking licence after its Mauritian shareholder gave up on turning around…

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ZPC mulls debt restructure

HARARE – The Zimbabwe Power Company (ZPC) plans to embark on a debt restructuring exercise, with the group floating a tender seeking…

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Meikles given 7-day ultimatum

HARARE – The Zimbabwe Stock Exchange (ZSE) has given Meikles Limited (Meikles) a seven-day ultimatum to “respond to issues” concerning overstatement of…

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BAT doubles capital expenditure

HARARE – Cigarette maker British American Tobacco Zimbabwe (BAT Zimbabwe) increased its capital expenditure to $2,2 million in the year to December…

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