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Shareholders must demand accountability

DIRECTORS and executives remuneration is increasingly coming under scrutiny as shareholders demand accountability and full disclosures in an effort to strengthen good corporate governance and enhance performance of companies they are invested in. The recent corporate governance lapses at CBZ Holdings (a leading diversified financial services group in Zimbabwe) which …

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Rampant arbitrage practices emerge in Zimbabwe (Part 2)

IN the first instalment (Part 1) of tracking the multi-layered arbitrage practices that are becoming rampant in the Zimbabwean economy due to currency shortages, we defined arbitrage as exploiting market imperfections in order to make a gain. We maintain the consistency of the same definition as we focus on another …

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All for nothing

I HAVE just finished reading CG Tracey’s book — All for nothing — and I am quite impressed at how men and women like him gave all they had to build Zimbabwe. A Zimbabwe we have managed, in just 37 years, to decimate and create widespread poverty under the pretext …

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Alibaba founder Jack Ma was rejected from 30 jobs, including KFC, before becoming China’s richest man

Jack Ma is one of the most successful entrepreneurs in the world. His e-commerce company, Alibaba, attracts 100 million shoppers a day. Ma is worth an estimate $20.4 billion. But before he was the richest person in China, Ma went through a lot of rejection. In a recent interview with …

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Ritesh Anand Column: Zim must now focus on restoring production, investor confidence

While there are increasing signs of stability in the financial sector, risks remain amid growing signs of weakness in the economy. Challenges such as depressed commodity prices, drought conditions and the collapse of the manufacturing sector, are likely to put pressure on the banking sector in 2016. Ritesh Anand Non-performing …

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What’s employment relations?

Readers of this column have recently raised questions relating to employment relations. Below are some responses to some of the questions which are just illustrative and not exhaustive. Question: Is one compelled to pay retrenchment package if an employee is dismissed for misconduct in terms of the registered Code of …

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Ritesh Anand Column: Listed firms must have more women on boards

The recently concluded 26th African Union Summit held in Addis Ababa under the theme “African Year of Human Rights with particular focus on the Rights of Women” focused on the need for respect for human rights especially the rights of women. Despite efforts to increase the participation of women in …

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Adam Molai Savanna Tobacco Zimbabwe

Adam Molai Savanna Tobacco Zimbabwe Zimbabwe’s business icon shares his views on Africa, cigarette smuggling allegations and perceived political connections. Adam Molai has gone from being one of the guinea pigs for Zimbabwe’s racial integration programme in 1978, where he was one of the first black students in a school …

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