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Allan Gray invests in Zimbabwean beer and cellphones

Despite Zimbabwe’s shrinking economy, Allan Gray is upping its stakes in the Zimbabwean sorghum beer and mobile phone markets. Zimbabwe’s deteriorating economy and a stock market that’s fallen more than any other in Africa this year are doing nothing to scare off one of South Africa’s biggest money managers. Allan …

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Zim not reviewing Indigenisation Act

Harare – The Zimbabwe Government on Thursday denied reports that it is in the process of amending the Indigenisation and Empowerment Act. Recent media reports indicated that the Government was in the process of reviewing the indigenisation and empowerment policy to facilitate sector-specific implementation. The Production Sharing Model (PSM) and …

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Zimbabwe to Appeal to U.S. Congress as Ivory Ban Hits Hunting

By Brian Latham Zimbabwe’s government will lobby a U.S. congressional panel in attempt to overturn a ban on ivory sales from the southern African nation that it says will damage its sport hunting industry. The U.S. banned imports of ivory from Zimbabwe and Tanzania in February, citing uncertainty over whether …

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IMF says Zimbabwe’s economy is “fragile”, urges reforms

* IMF sees 3.1 pct growth, half of government’s forecast * Government has said it not ready to cut public wage bill * Zimbabwe has only two weeks import cover in reserves By MacDonald Dzirutwe HARARE, June 23 (Reuters) – Zimbabwe’s economy remains fragile and the government should undertake comprehensive …

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Today’s Millionaire – Frank Buyanga

He has gained notoriety in Zimbabwe as a ruthless “loan shark” whose debt collection methods would make the Gestapo envious. But residents of these upmarket apartments in Sandton, Johannesburg, are getting used to the lawless ways of their new neighbour, Frank Tawanda Buyanga. When the electric gate to the apartments …

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SA and Zimbabwe seal deal on Limpopo Bridge tolling

HARARE — South Africa and Zimbabwe are to split revenue from traffic through the Limpopo Bridge, whose administration was handed over to the Zimbabwean government on Tuesday. The handover followed the expiry of the 20-year long build, operate and transfer agreement signed with New Limpopo Bridge, the company that built …

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Zimbabwean Ethanol Producer Losing Engineers To Sierra Leone

CHISUMBANJE, Zimbabwe, June 18 (BERNAMA-NNN-NEW ZIANA) — A Zimbabwean ethanol producer, Green Fuel, has lost more than 20 of its engineers and artisans to Sierra Leone in the last three months. Green Fuel — a joint venture between the government’s Agricultural and Rural Development Authority (Arda) and Macdom and Rating …

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