Essar’s big plans for Zisco

Mr Ufikile Khumalo (left) exchanging signed agreements for a US$30 million line of credit with Agribank chief executive Mr Sam Malaba last week. By Golden Sibanda
ESSAR Global Limited has announced plans to increase Ziscosteel’s installed production

BancABC to dispose PG stake

Business Reporter
REGIONAL financial BancABC has indicated it plans to dispose of its 15 percent stake in its

Airlines face ‘major slowdown’ due to Japan crisis — Iata

GENEVA.
THE nuclear and earthquake crises in Japan will cause the airline industry a “major slowdown”

US$50m resort for Lake Chivero

A group of investors has announced plans to invest US$50 million in a new holiday resort

Accommodation shortages: Japan evacuees turned away

HONG KONG.
PEOPLE using Hong Kong as a hub for evacuation from disaster-stricken Japan may need to

Supply concerns grow in Tokyo

TOKYO/SEOUL.
FROM Apple Inc’s new iPad to Chevrolet pick-ups and many of the world’s airplane kitchens

Key index finishes week firmer

THE Zimbabwe Stock Exchange key index finished the week 2,61 percent firmer as 85 859 427

Padenga buoyant despite loss

Business Reporter
CROCODILE skin processor Padenga Holdings posted a loss of US$2, 5 million before tax

IMF cuts Tanzanian 2011 growth forecast

DAR ES SALAAM.
THE International Monetary Fund (IMF) cut its 2011 growth forecast for Tanzania to 6 percent

Spar donates blankets to Rotary Club

Business Reporter
SPAR Zimbabwe has donated 150 blankets to the Rotary Club of Harare for distribution to

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