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Chiyangwa’s Zeco struggles

HARARE – Businessman Philip Chiyangwa’s listed Zeco Holdings Limited (Zeco) is stuttering with the engineering group trading in the red since dollarisation in 2009. The group’s losses widened to $4,7 million in the year to December 2013 from $2,5 million incurred in prior year. During the period under review, revenue declined by 60 percent to…

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