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#Zimbabwe Telecel Staff to Take 20% Pay Cut to Reduce Costs

(Bloomberg) — Telecel Zimbabwe Ltd., a unit of wireless provider VimpelCom Ltd., asked staff to take a wage cut or work a shorter week in an effort to reduce employee costs by 25 percent and shore up finances. Workers at the company, operated by VimpelCom’s Cairo-based unit Global Telecom Holdings …

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Whites are the Biggest Winners in #SouthAfrica Economy #wealth

“South Africans wanted freedom and all they got was democracy,” we are told by Sammy Mgijima. A visionary thinker on African post-liberation economics, Sammy is a qualified economist, who works at Old Mutual Corporate.   “For the true fruits of freedom to be realized, the creation of a national identity, a …

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The Zimbabwe Stock Exchange loses US$1 Billion

By Bernard Mpofu, HARARE, July 1 (The Source) – The Zimbabwe Stock Exchange market capitalization plunged to $3,8 billion in the first half of 2015 after losing $1 billion in valuation, mirroring an economy some analysts warn could slip into recession this year. Turnover was down 41.69 percent to $137 million …

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Top 10 #Zimbabwe CEOs of All Time #263chat #twimbos

1. Luke Ngwerume, Old Mutual Luke retired as Group Chief Executive Officer of the Old Mutual Zimbabwe Group in 2013, having held that position since 2007. He joined Old Mutual in 1983 and prior  to becoming Group CEO, he headed Old Mutual Life Assurance Company, Old Mutual Unit Trusts Management Company …

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