John Robertson News
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Benson Mahenya makes as much as $10,000 a month as he drives around Harare in a white Mercedes- Benz dealing in the five currencies that Zimbabwe recognizes as legal tender.
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At Industrial Builders Inc., Paul Diederich plans to boost payrolls about 10 percent this year.
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Zimbabwe plans to force banks operating in the country to buy its Treasury bills after attempts to sell the first central bank securities since 2008 failed, the governor of the bank said.
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Mineral production from Zimbabwe, which has the world’s second-biggest platinum and chrome reserves after South Africa, doubled last year to $1.38 billion as the country’s economy recovers from a decade-long recession, Harare-based Robertson Economics said.
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Zimbabwean Indigenization Minister Saviour Kasukuwere’s assertion that a sovereign wealth fund created from stakes ceded by foreign-owned companies is worth $4 billion was questioned by economists who said the announcement may be aimed at securing votes ahead of elections.
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Zimbabwe’s unemployment rate is estimated at about 70 percent, the Daily News reported, citing John Robertson , an independent economist in the country.
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No gold miner in the world is offering acquirers faster growth at a cheaper price than Australia’s Regis Resources Ltd.
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Deutsche Bank AG, Germany’s biggest bank, appointed the management of its unit that invests in real estate and infrastructure seven months after scrapping a sale of the business.
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Chicago’s commercial real estate market is pulling out of a five-year slump, just in time to win some investors who bought at the peak a reprieve on their debts.
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Zimbabwe’s government will make sure foreign companies are “junior partners” in the country, President Robert Mugabe said after the state published regulations to take 51 percent of foreign-operated mines.
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