RTG Pursing an asset-light model to raise revenue.

RTG Pursing an asset-light model to raise revenue.

By Malcolm Meja Diversified tourism solutions group, Rainbow Tourism Group (RTG) will pursue an asset-light growth model in raising revenue for the group. The strategy will work hand in glove with the prevailing rooms portfolio to grow the groups diversification strides. This year the firm created two tour operating arms specializing on inbound and outbound travel. Exotic Travel International (ETI) a subsidiary based in the New York, United States and Heritage Expeditions Africa, the local arm that will sell packages for destinations around the country and the region. The two…

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Huge interest in 2019 fair

Huge interest in 2019 fair

By Staff Reporter THE 60th edition of the Zimbabwe International Trade Fair (ZITF) has attracted huge interest from both local and foreign exhibitors with space uptake hitting 100 percent. According to ZITF chair Ruth Ncube the company has availed additional space to meet demand and as per tradition the first three days will strictly be reserved for business to business trading. “Our targeted 2019 available space was taken up at 100%. Further to that we availed 5% additional space (2648m) to accommodate the overflow. 532 direct local exhibitors have booked…

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ZITF golf to benefit Idai reconstruction

ZITF golf to benefit Idai reconstruction

By Daniel Chigundu THE Zimbabwe International Trade Fair Company (ZITF) says proceeds from its 2019 edition of Charity Golf Challenge will be channelled towards Cyclone Idai reconstructions efforts. Government is currently sourcing funds from various sectors of the economy including the outside world in a bid to reconstruct infrastructure that was damaged by the ravaging Cyclone Idai. The cyclone which swept across five provinces across the country with the hardest hit districts of Chimanimani and Chipinge in Manicaland experiencing severe destruction of infrastructure and livelihoods.. Some of the infrastructure in…

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Edgars banking on salary increases

Edgars banking on salary increases

By Staff Reporter CLOTHES retailing and manufacturing concern Edgars Stores Limited says it anticipates a better working environment buoyed by an anticipated salary increase in the economy. The government which is arguably the largest formal employer in the country is currently in negotiation with its workers on the possibility of salary increases. Civil servants constitute a huge chunk of Edgars and Jet Stores customers where they take clothes and cosmetics on accounts. In a statement accompanying the company’s abridged unaudited results for the 52 weeks ended 6 January 2019, Edgars…

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