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Feb 03 2012 19:08
The rand firmed against the dollar in late afternoon trade following the release of better-than-expected US jobs data.
Feb 03 2012 17:02
Impala Platinum says it will start recruitment of new workers or the rehiring of dismissed employees next week after laying off more than 17 000 for going on illegal strikes.
Feb 03 2012 16:34
An economic package worth more than R300m has been agreed to with the Cuban government, says Trade and Industry Minister Rob Davies.
Harare - Zimbabwe is negotiating R3.25bn in credit from South Africa in an effort to revive the country's economy, the finance minister said Wednesday.
"There are two facilities that we are negotiating. One is a line of credit of R500m, one is a revival of an old overdraft facility of R2.75bn," Tendai Biti told business leaders in the capital.
"We are also talking to private capital, the banks," he said.
Mugabe and his longtime rival Prime Minister Morgan Tsvangirai formed a unity government in February last year, hoping to end a decade of political and economic crisis.
The unity government has appealed for $10bn for reconstruction, but major Western donors have demanded more political reforms before offering direct budget support.