adminExternal trade on the decline
Business ReporterZIMTRADE says Zimbabwe’s external trade was last year negatively affected by the poor performance of the manufacturing sector. In its 2012 annual report published yesterday, ZimTrade said this resulted in the country recording its lowest growth rate in the past four years. “In 2012, the economy experienced a growth rate of 4,4 percent which was the
Sluggish economy hits property market
Rumbidzayi Zinyuke Business ReporterThe Estate Agents Council of Zimbabwe says the default rate in the property sector has increased to between 50 and 60 percent compared with the normal rates of between 10 and 20 percent, owing to economic challenges. Chairman Mr Oswald Nyakunika said the default rate was expected to continue to rise until the economy stabilised. “Default rate
Athletes need aides
From Robert Mutsauki in ABUJA, NigeriaIT goes without saying that Africa has an abundance of sport talent. What is debatable is to what extent we have been able to capitalise on this gift of nature which can be found even in remote villages throughout our beloved continent. It is important though to realise that talent alone is not enough for high level performances and hence talent
Hewitt dumped out of tennis champs
LONDON. — Lleyton Hewitt was yesterday dumped out of Wimbledon tennis championships by German qualifier Dustin Brown, the dreadlocked former Jamaica player ending the 2002 champion’s hopes of an impressive comeback run. Brown, whose fluid style and range of shots won him fans on Court 2, beat the Australian veteran 6-4, 6-4, 6-7 (3/7),Marchisio confident
RIO DE JANEIRO. — Claudio Marchisio believes teammate Alberto Gilardino will prove a successful deputy for the injured Mario Balotelli when Italy tackle Spain in the Confederations Cup soccer semi-finals tonight. Balotelli was ruled out of the tournament on Monday after tearing a muscle in his left thigh, depriving coach CesareLiverpool sign goalkeeper Mignolet from Sunderland
LONDON. — Liverpool have confirmed the signing of goalkeeper Simon Mignolet from Sunderland. The 25-year-old Belgium international has signed a long-term contract, having passed a medical, after the Reds agreed a fee with Sunderland on Friday which could rise to £11million-plus. Manager Brendan Rodgers has stressed Mignolet has not beenRapturous welcome for Tevez
TURIN. — Carlos Tevez yesterday arrived in Italy to a rapturous welcome ahead of his £10 million move to Italian soccer giants Juventus from Manchester City. The Argentinian striker flew into Malpensa airport in Milan and was greeted by a crowd of fans who all wanted to catch a first glimpse of their new star. Tevez (29) is set to sign a three-yearMutambara calls for paradigm shift
ZIMBABWE should look at new models of economic competitiveness such as infrastructural development, beneficiation and clusters if the nation is to get maximum benefits from its resources, Deputy Prime Minister Professor Arthur Mutambara has said.
Musicians have spoken
ZIMBABWE conducts harmonised elections this year, and though it can be this or that date, elections are upon us. It is pleasing to note that the political leadership has made clarion calls for peace before, during and after elections.
Dillish, Bolt bestowed with super powers
DAME DILLISH and big Bolt may not be super heroes but thanks to Biggie the two Chasemates have been bestowed with super powers.The two housemates both beat out the rest of the competition in their respective houses and were rewarded with the much sought after Power of No. The Diamond’s Power of No.