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/ 24 May 2006

World Bank believes Zim can bounce back

The World Bank believes Zimbabwe has the capacity to reclaim its position as the breadbasket of Southern Africa, Harare’s The Herald newspaper reported on Wednesday. For this to happen the country would have to revitalise its road, railway and water infrastructure, the paper’s website quoted World Bank country manager Sudhir Chitale as saying.

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/ 24 May 2006

JSE follows weaker world markets

The JSE was back in the red in noon trade on Wednesday, with weakness in global markets preventing it from building on Tuesday’s bounce. A weaker rand helped stem the bourse’s losses. By 12.10pm, the-all share and all-share industrial indices shed 1,04% and 1,02% respectively.