Former Psmas boss claims US$900 000

Former Psmas boss claims US$900 000

FINANCIALLY-BELEAGURED Premier Service Medical Aid Society (Psmas) says it will jettison a ruling by an arbitrator compelling the country’s largest health insurer to cough up a staggering US$900 000 to compensate sacked managing director Henry Mandishona, setting the stage for...
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Developing countries ‘skeptical’ of World Bank, IMF

Developing countries ‘skeptical’ of World Bank, IMF

Elvis Boh with AFP The World Bank and International Monetary Fund have come under attack from developing countries which accuse the two institutions of defending major powers. The emerging countries which have come together to establish a rival institution kno...
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Banned goods flood Zimbabwe

Banned goods flood Zimbabwe

By Shame Makoshori, Senior Business Reporter A STUDY commissioned by the Confederation of Zimbabwe Retailers (CZR) has revealed that several goods recently removed from the general import licence have found their way into the informal market.Under the controve...
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Worsening cash crisis to trigger more protests—Watchdog

Worsening cash crisis to trigger more protests—Watchdog

By Tatenda Dewa | Harare Bureau | A local watchdog promoting peaceful co-existence, Heal Zimbabwe, on Tuesday carried out a quick survey around banks and immediately warned that the current cash crisis was getting worse and would likely trigger a...
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Mauritian economy ranked ‘most competitive’ in sub Saharan African

Mauritian economy ranked ‘most competitive’ in sub Saharan African

Abdur Rahman Alfa Shaban Mauritius is sub Saharan Africa’s most competitive economy according to the latest ranking of ‘The Global Competitiveness Index,’ by the World Economic Forum (WEF). Great news @wef Global Competitiveness Index: NL most competitiv...
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StarAfrica considers debt-equity swap after defaulting on payments to creditors

StarAfrica considers debt-equity swap after defaulting on payments to creditors

HARARE,  (The Source) – Perennial loss-making sugar manufacturer, StarAfrica Corporation has continued to default on payments to its creditors in terms of the company’s Scheme of Arrangement and is considering a debt-equity swap arrangement to restructure...
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KP chair expects rough diamond valuation policy by year-end

KP chair expects rough diamond valuation policy by year-end

HARARE,  (The Source) – Chairman of Kimberley Process Certification Scheme (KPCS), Ahmed Bin Sulayem, who is in the country on a routine visit, on Monday said he expects the diamond industry to have come up with a set of global...
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Axia makes $2,3mln profit in Q4

Axia makes $2,3mln profit in Q4

HARARE,  (The Source) – Axia Corporation has reported a net profit of $2,3 for the three months to June 30, its first set of financial results since unbundling from Innscor Africa. Axia, which adopted June 30 as its financial year...
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