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Brokers act on SecZim compliance

HARARE – The Securities Commission of Zimbabwe (SecZim) says brokerage firms have started submitting their compliance plans with its directive to register all shares held by nominees under the owner’s names. “It’s a process, it’s not a one-day event .What we are doing is receiving their plans,” SecZim chief executive Tafadzwa Chinamo said. “Most have…

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Another blow for Mutambara

HARARE – Deputy Prime Minister Arthur Mutambara’s waning political career has suffered another dent after he was snubbed by the Constitution Select Committee (Copac). Mutambara, despite claiming to head a faction of the MDC, will not be allowed near the podium where leaders of political parties will give speeches at next week’s Second All-Stakeholders’ conference….

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Let’s win Mbada for our fans: Mangwiro

HARARE – Caps United are determined to win the Mbada Diamonds Cup as a “thank-you” to their fans after a largely indifferent Castle Premiership campaign this season. Makepekepe, who knocked out last year’s Mbada Diamonds Cup finalists Motor Action in the first round in August, clash with Buffaloes at Gibbo Stadium this Saturday. CAPS coach…

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Maids steal $700 000

HARARE – A Belvedere businessman who kept $700 000 in a kitchen was dealt a body blow when his maids nicked the money and blew it on cars and houses. Jamil Farogh lost the staggering cash when his three maids discovered wads of cash in a kitchen drawer and stole it, during his visit to…

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Uganda police plans social media control

KAMPALA – Ugandan police are to increase social-media monitoring because of fears about the spread of “dangerous” information, according to reports. The country’s highest ranking police officer spoke at a gathering of East African police chiefs. Gen Kale Kayihura called on forces to ensure social media “is not misused for crime, worse still for terrorism”….

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Ncube officials join Tsvangirai

BULAWAYO – The smaller MDC formation led by Industry minister Welshman Ncube has suffered a setback in its stronghold of Matabeleland South Province after 13 district members crossed the floor to the mainstream MDC. Described by Prime Minister Morgan Tsvangirai as a village politician, Ncube had been building a base in the area before being…

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EcoCash targets 5 000 outlets

HARARE – Econet Wireless plans to increase its mobile money transfer EcoCash outlets from the current 1 350 to more than 5 000, enabling more convenience to the transacting public. “The idea is to make sure within the shortest distance possible, one is able to cash in and out and also do payments. That way…

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Mutumwa Mawere launches book

HARARE – Businessman Mutumwa Mawere has authored a book, which tackles poverty, inequality and unemployment on the African continent. Titled ‘When Minds Meet’, the book debuts in Harare Thursday. Mawere claims to be an advocate of “meaningful” change and good governance — issues which are at the centre of Africa Heritage Society — an organisation…

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Mash East supporting arts, culture: Mari

HARARE – Director of the National Arts Council of Zimbabwe (Nacz), Elvas Mari said Mashonaland East Education Provincial Office has shown much support to the arts and culture sector. Mari said this while addressing delegates at the 2012 Annual Mashonaland East Provincial Merit Awards last week at Marondera High School. The director urged winners in…

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Mining sector poised for growth

HARARE – Zimbabwe’s mining sector is poised to grow to $561 million by 2016 buoyed largely by positive performance of gold and platinum, an international report has shown. Regarded as one of the fastest growing sectors in the economy, mining grew by 47 percent in 2009, 44 percent in 2010, 25,8 percent last year and…

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