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Zim industry sinks deeper

HARARE – Zimbabwe’s manufacturing sector has deteriorated further, with capacity utilisation declining by 3,3 percentage points to 36,3 percent in the year to September 2014, a latest Confederation of Zimbabwe Industries (CZI) report has revealed. Dephine Mazambani, a senior economist with CZI, said deindustrialisation has reached catastrophic levels, with dire consequences to the state of…

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