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Companies suffer heavy losses as economy stutters

HARARE – Zimbabwe’s companies are posting heavy losses — an ominous sign of accelerated economic decline. Coal miner, Hwange Colliery Company Limited (HCCL), has registered a $44 million pre-tax loss for the year to December 2013. HCCL, which is a critical component in Zimbabwe’s economic growth as it provides coal to fire industries as well…

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